Teachers and Students > Debates

the rich should live simply, so that the poor can simply live?

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~cornelia~:
thats are very correct point. +rep

but aside from that currently distribution is a problem for alot of economies!
there's either too many rich or too much poor!
plus people don't often start businesses because they are afraid of the risks.

astarmathsandphysics:
People afraid of risks surround themselves with safety features and live secure, boring and poor lives.
Being poor is a pain. Poor people should have less regard for money - throw it away so it won't wear a hole in their pockets or gamble on their ideas to give themselves hope in life.

........:
I don't understand what this thread is about. Does your teacher imply redistribution of income ? This recession has taught one thing for sure;living beyond your means is a recipe for disaster. There should be a movement to curb high incomes and bonuses meted out to CEOs and directors.
Bank of America was the worst performing bank in United States yet the majority of US aid money was given to directors in the form of bonuses and income.
Remember the rule bois . Governments don't control the world,the goldman sachs does

astarmathsandphysics:
Give bankers their bonus in thevform of all the potatoes they can eat.

~cornelia~:

--- Quote from: Dumb economist on September 28, 2011, 06:03:09 am ---I don't understand what this thread is about. Does your teacher imply redistribution of income ? This recession has taught one thing for sure;living beyond your means is a recipe for disaster. There should be a movement to curb high incomes and bonuses meted out to CEOs and directors.
Bank of America was the worst performing bank in United States yet the majority of US aid money was given to directors in the form of bonuses and income.
Remember the rule bois . Governments don't control the world,the goldman sachs does

--- End quote ---
as what the title suggest! should the rich live simply(spend less)...so that the poor can simply live(earn and spend more)?? ...how are they to be related in economic terms?
she said it could be related to taxes, unemployment, standard of living etc

bank of america was the worst performing bank because of its unwise decision to give the money off to directors and CEOs...we can see the result of its actions now that america is falling into recession!

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