Here are ways that money disappears if you don't put it to work:
Deflating of fiat currency and hyper-inflation
Unexpected expenses (disaster, health)
Theft
I had said that "trust funders" aren't truly wealthy because, by definition, they do not donate to charity and do not make money work for them by investing. They spend money until it's gone.
Those are not bribe, those are just people with money getting to the front of the line; which according to libertarians is how it should be.
No, it's NOT. Libertarianism doesn't preclude ethics in business, and being for small government it certainly does NOT encourage a BIG GOVERNMENT BUREAUCRACY that requires bribes to get anything done. Again, we're talking about SOCIALIST countries where the utilities are run by the GOVERNMENT.
Perhaps you should find out what libertarianism really is instead of just assigning it to straw men of your own creation.
The less money you have, the more of your income is spent on taxable goods.
False. For one, there are additional taxes on some of the things the wealthy buy, like gas guzzlers and luxury tax. Two, most states don't change sales tax on food, clothing, or both. Three, most truly poor families simply pay ZERO income tax owing to dependents and other deductions. In fact, with the EIC they may get FREE MONEY from the treasury every year.
That being said, the sad fact is that poor people spend their money as soon as they have it in hand. When was the last time you went to a "poor" person's house and didn't see a few luxury items like a big TV, game console, or nice furniture? The middle class does the same thing, except they buy more "stuff" and put it on credit cards.
Hey, at least they're not racist. Charlie Rangel is black, and they gave him three free tries to get it right (oops, totally FORGOT about my villa, silly me). Let's face it-- the tax laws are, to misquote the President, "unsustainable" when both the chairman of the Ways and Means committee and the secretary of the Treasury (and back in 1938, the President; when FDR had to send a personal letter to the head of the IRS about the new tax rates he just jacked up) can't figure out their taxes.
Since this was the second time the word "return" was misused in this thread, I'd like to point out that you probably mean "refund". The "return" is the documentation you send to the IRS.
The GP was a troll; regardless, in general you're wrong about every third-world country being a libertarian paradise. In some heavily socialist countries, this is also a problem because the bureaucracy takes months or YEARS-- and several bribes-- to fulfill requests for utility hookups.
Someone is wealthy simply because they inherited money is NOT a capitalist. The "truly wealthy" could not be trust-funders because money disappears unless you put it to work.
A capitalist is someone who makes money with money; or to put it another way, makes money work for them. Unfortunately, most people stay stuck in the middle class because they spend their paychecks on "stuff" instead of assets that could make them money.
Unfortunately, the closed-minded who are currently in the poor and middle classes assume that everyone who has more than them is not only rich, but greedy or entitled.
I can see the contempt for people with "old money" who don't do anything with it: don't create companies, products, or jobs. But you started off talking about "capitalists", and the only difference between them and the hard-working lawyers is that instead of trading all their finite time for money, they invest their money into things that can make more money. Out of all places, I would expect Slashdot to understand the concept of ingenuity. Instead, we are jealous of someone who has figured out how to make money without trading his time for it in some sort of set ratio like, "I get $1200 for every 40 hours".
"Since 1970 the GDP has tripled, but wages have remained flat or even declines, while the wealthiest 1% have seen their worth increase 300%." Sounds like you have some major inflation-adjustment-FAIL there.
You know, I'm the last guy to stand up for lawyers, but this case too a lot more than "a little paperwork". You do have to spend a lot of time researching law and precedent, not to mention actually appearing in court (often for no reason, because the judge ran out of time or decided to hit the golf course early and rescheduled).
Actually, I would expect an ethical lawyer to occasionally take a case pro bono. It's not just charity; there are a lot of potential cases that could make a lawyer who's just getting by become prominent in the news for taking on a corrupt local government or company.
Cracklib is too simplistic/systematic. That password uses nine unique characters, is 14 characters long, contains no dictionary words, and includes not only special characters but also one in a non-English set. Wow, it has one double character, the "t"! Does it matter when the password is 14 characters long with 9 unique characters? It's not like "War Games" or Mastermind where you're told when you get one of the characters right.
Beck isn't exactly the first to make that mistake. Regardless, technically the Austrians did elect Hitler when they chose via referendum to be annexed to Germany.
You do realize that Superman first appeared in the comics in 1939, before Americans entered the war? Anti-Japanese sentiment was not very high until Pearl Harbor. I've read the history of Superman and war propaganda was not part of the creative process (at least, not until the USA's entry).
Obama doesn't have to cave in to anyone. His party has control of Congress, and the few democrats that didn't fall in line due to pesky morality questions were silenced with patronage.
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable rights, that among these are life, liberty and the pursuit of happiness. That to secure these rights, governments are instituted among men, deriving their just powers from the consent of the governed.
I thought the problem here wasn't rendering of text, but rendering of the URL in the address or status bars. As such, the HTML spec doesn't apply as it is only relevant to page rendering. Browsers should display the entire content of a URL, replacing control or special characters with symbols if necessary.
Slashdot Mirror
This is incredible. I can't wait until the vector graphics porn converter comes out.
I had said that "trust funders" aren't truly wealthy because, by definition, they do not donate to charity and do not make money work for them by investing. They spend money until it's gone.
No, it's NOT. Libertarianism doesn't preclude ethics in business, and being for small government it certainly does NOT encourage a BIG GOVERNMENT BUREAUCRACY that requires bribes to get anything done. Again, we're talking about SOCIALIST countries where the utilities are run by the GOVERNMENT.
Perhaps you should find out what libertarianism really is instead of just assigning it to straw men of your own creation.
False. For one, there are additional taxes on some of the things the wealthy buy, like gas guzzlers and luxury tax. Two, most states don't change sales tax on food, clothing, or both. Three, most truly poor families simply pay ZERO income tax owing to dependents and other deductions. In fact, with the EIC they may get FREE MONEY from the treasury every year.
That being said, the sad fact is that poor people spend their money as soon as they have it in hand. When was the last time you went to a "poor" person's house and didn't see a few luxury items like a big TV, game console, or nice furniture? The middle class does the same thing, except they buy more "stuff" and put it on credit cards.
Hey, at least they're not racist. Charlie Rangel is black, and they gave him three free tries to get it right (oops, totally FORGOT about my villa, silly me). Let's face it-- the tax laws are, to misquote the President, "unsustainable" when both the chairman of the Ways and Means committee and the secretary of the Treasury (and back in 1938, the President; when FDR had to send a personal letter to the head of the IRS about the new tax rates he just jacked up) can't figure out their taxes.
Since this was the second time the word "return" was misused in this thread, I'd like to point out that you probably mean "refund". The "return" is the documentation you send to the IRS.
The GP was a troll; regardless, in general you're wrong about every third-world country being a libertarian paradise. In some heavily socialist countries, this is also a problem because the bureaucracy takes months or YEARS-- and several bribes-- to fulfill requests for utility hookups.
It's in the 4th and 14th, buddy.
Someone is wealthy simply because they inherited money is NOT a capitalist. The "truly wealthy" could not be trust-funders because money disappears unless you put it to work.
A capitalist is someone who makes money with money; or to put it another way, makes money work for them. Unfortunately, most people stay stuck in the middle class because they spend their paychecks on "stuff" instead of assets that could make them money.
Unfortunately, the closed-minded who are currently in the poor and middle classes assume that everyone who has more than them is not only rich, but greedy or entitled.
I can see the contempt for people with "old money" who don't do anything with it: don't create companies, products, or jobs. But you started off talking about "capitalists", and the only difference between them and the hard-working lawyers is that instead of trading all their finite time for money, they invest their money into things that can make more money. Out of all places, I would expect Slashdot to understand the concept of ingenuity. Instead, we are jealous of someone who has figured out how to make money without trading his time for it in some sort of set ratio like, "I get $1200 for every 40 hours".
"Since 1970 the GDP has tripled, but wages have remained flat or even declines, while the wealthiest 1% have seen their worth increase 300%." Sounds like you have some major inflation-adjustment-FAIL there.
You know, I'm the last guy to stand up for lawyers, but this case too a lot more than "a little paperwork". You do have to spend a lot of time researching law and precedent, not to mention actually appearing in court (often for no reason, because the judge ran out of time or decided to hit the golf course early and rescheduled).
Actually, I would expect an ethical lawyer to occasionally take a case pro bono. It's not just charity; there are a lot of potential cases that could make a lawyer who's just getting by become prominent in the news for taking on a corrupt local government or company.
Well, you could read direct copies of the textus receptus in Greek that were the source.
FTFY. Otherwise, we'd have to throw out most of recorded history. I don't know anyone who's met Augustus Caesar.
I guess you'll be locked out when your arthritis flares up, too.
Cracklib is too simplistic/systematic. That password uses nine unique characters, is 14 characters long, contains no dictionary words, and includes not only special characters but also one in a non-English set. Wow, it has one double character, the "t"! Does it matter when the password is 14 characters long with 9 unique characters? It's not like "War Games" or Mastermind where you're told when you get one of the characters right.
Beck isn't exactly the first to make that mistake. Regardless, technically the Austrians did elect Hitler when they chose via referendum to be annexed to Germany.
It's a Simpsons episode if you replace the vodka with weed.
Yes. They shut down the reactor and no one was harmed.
Thanks, Dark Helmet. By the way, I've already changed the combination on the air shield, so NYEAH!
You do realize that Superman first appeared in the comics in 1939, before Americans entered the war? Anti-Japanese sentiment was not very high until Pearl Harbor. I've read the history of Superman and war propaganda was not part of the creative process (at least, not until the USA's entry).
Obama doesn't have to cave in to anyone. His party has control of Congress, and the few democrats that didn't fall in line due to pesky morality questions were silenced with patronage.
He probably isn't, but said friends and family might be.
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable rights, that among these are life, liberty and the pursuit of happiness. That to secure these rights, governments are instituted among men, deriving their just powers from the consent of the governed.
I thought the problem here wasn't rendering of text, but rendering of the URL in the address or status bars. As such, the HTML spec doesn't apply as it is only relevant to page rendering. Browsers should display the entire content of a URL, replacing control or special characters with symbols if necessary.