Capitalism, The Best Solution to Poverty

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Hermit
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Re: Capitalism, The Best Solution to Poverty

Post by Hermit » Wed Apr 07, 2021 9:50 am

Scot Dutchy wrote:
Wed Apr 07, 2021 9:19 am
How do they estimate richness.
Net assets.
So you talk about mobs and the working classes as if they were the question. You've got that eternal idiotic idea that if anarchy came it would come from the poor. Why should it? The poor have been rebels, but they have never been anarchists; they have more interest than anyone else in there being some decent government. The poor man really has a stake in the country. The rich man hasn't; he can go away to New Guinea in a yacht. The poor have sometimes objected to being governed badly; the rich have always objected to being governed at all. Aristocrats were always anarchists. - G.K. Chesterton

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Re: Capitalism, The Best Solution to Poverty

Post by Scot Dutchy » Wed Apr 07, 2021 10:42 am

Hermit wrote:
Wed Apr 07, 2021 9:50 am
Scot Dutchy wrote:
Wed Apr 07, 2021 9:19 am
How do they estimate richness.
Net assets.
When you fiddle everything like Trump does what are his net assets? Undefinable.
"Wat is het een gezellig boel hier".

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Re: Capitalism, The Best Solution to Poverty

Post by Hermit » Wed Apr 07, 2021 11:46 am

Scot Dutchy wrote:
Wed Apr 07, 2021 10:42 am
Hermit wrote:
Wed Apr 07, 2021 9:50 am
Scot Dutchy wrote:
Wed Apr 07, 2021 9:19 am
How do they estimate richness.
Net assets.
When you fiddle everything like Trump does what are his net assets? Undefinable.
Forbes does not sort billionaire rankings by what the billionaires claim. They base them on what the available paperwork says. There is of cours an error margin, but it tends to be fairly minor. The local version (200 richest Australians) rated a classmate of mine as having a net worth of AU$330 million while he asserted that it is nudging the billion dollar mark. A little later he sold his primary business for AU289 million, but kept his real estate portfolio, which is worth another several million.

Similarly, Forbes slotted Trump's net assets in at around 5 billion a few years ago when he claimed them to be worth almost twice as much. I am confident that the rankings are pretty close to reality.
So you talk about mobs and the working classes as if they were the question. You've got that eternal idiotic idea that if anarchy came it would come from the poor. Why should it? The poor have been rebels, but they have never been anarchists; they have more interest than anyone else in there being some decent government. The poor man really has a stake in the country. The rich man hasn't; he can go away to New Guinea in a yacht. The poor have sometimes objected to being governed badly; the rich have always objected to being governed at all. Aristocrats were always anarchists. - G.K. Chesterton

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Re: Capitalism, The Best Solution to Poverty

Post by Scot Dutchy » Wed Apr 07, 2021 12:54 pm

Rich people always want to appear richer. As Brian said 1 billion more less on paper is irre(r)(l)evant.
"Wat is het een gezellig boel hier".

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Re: Capitalism, The Best Solution to Poverty

Post by Hermit » Wed Apr 07, 2021 7:18 pm

Scot Dutchy wrote:
Wed Apr 07, 2021 12:54 pm
Rich people always want to appear richer. As Brian said 1 billion more less on paper is irre(r)(l)evant.
Duh. I just gave you two examples in my previous post.
So you talk about mobs and the working classes as if they were the question. You've got that eternal idiotic idea that if anarchy came it would come from the poor. Why should it? The poor have been rebels, but they have never been anarchists; they have more interest than anyone else in there being some decent government. The poor man really has a stake in the country. The rich man hasn't; he can go away to New Guinea in a yacht. The poor have sometimes objected to being governed badly; the rich have always objected to being governed at all. Aristocrats were always anarchists. - G.K. Chesterton

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Re: Capitalism, The Best Solution to Poverty

Post by Scot Dutchy » Wed Apr 07, 2021 9:57 pm

They are examples Hermit but not reality. Reality is for dreamers. The rich say they are rich as they or someone can produce fairy data to prove they have a bottom line. If you fiddle like Trump you will always be rich.
"Wat is het een gezellig boel hier".

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Re: Capitalism, The Best Solution to Poverty

Post by Brian Peacock » Wed Apr 07, 2021 11:40 pm

I reckon that (when talking about the stupidly wealthy) after a point the richer you become the more likely you are to under report the true worth of your assets.
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Re: Capitalism, The Best Solution to Poverty

Post by Scot Dutchy » Thu Apr 08, 2021 7:58 am

I think you dont care anymore. It is the fraudsters like Trump that care about their image.
"Wat is het een gezellig boel hier".

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