Thread: The one tax Republicans dont want to cut

Originally Posted by Lost Time

Weath is not finite. You can increase or decrease the pie. it never remains stationary. The problem with the analysys is more with defining what is wealth.

If you are a system that puts an emphasis on wealth, like Capitalism, wealth has to be limited in some respect otherwise everyone will have it and whatever you use to measure wealth will become meaningless.

Originally Posted by Hoplite

Let me rephrase; wealth is finite in a functional system.

If wealth is not finite then it loses its meaning. What makes you wealthy is you have something that is valuable either because it's rare and you have some of it or you have a lot more of something than other people do.

If wealth is infinite, there's nothing to stop everybody from gaining it thus negating the idea of wealth; inflation.

No, this is still not the case. Wealth is representative of work, and work is not finite. Life is evidence of this. Wealth has done nothing but go up. There is no end in sight. And the quality of life has gone up along with it.

Originally Posted by jviehe

No, this is still not the case. Wealth is representative of work, and work is not finite. Life is evidence of this. Wealth has done nothing but go up. There is no end in sight. And the quality of life has gone up along with it.

Ok, try to follow me here.

In a system that has wealth, you need to have a finite amount of it.

Wealth is recognized as something that has value by the people around you, generally because of it's rarity or the quantity of it you have. If everyone has lots of wealth, it becomes a meaningless term because it looses it's value.

A good example would be Zimbabwe's hyperinflation, where you had banks printing $100 trillion notes and wealth couldnt really buy anything for you.

I cant follow you because you keep saying things that are not factual. You dont NEED to have a finite amount of wealth. What you are talking about is that you cant dissassociate work from value, by borrowing. But work, and thus value are not finite. There is no final amount of wealth that a finite number of people all have to share. Wealth is created constantly.