Who is starving, and why? I think if you can point to some starving children and make a public call, you would get lots of donations. If you are aware of such cases, please point them out, or contact the appropriate…
The value can be infinite. If you are about to die, you would give everything to prevent it - more than you have.
"Poverty rate" is usually defined of terms of earning less than the average income minus some %. It does not imply people actually being poor, in the way people imagine poverty (not being able to afford food, clothes,…
The housing situation in London may be special, and I would bet you can find socialist laws behind it that make renting out properties nonviable (like rent controls and making it impossible to get rid of bad tenants).…
Groceries salespeople are cheap because there are many people with the skills to do that job. The same does not go for brain surgery. And you can also sell groceries just fine when you are tired - a little slower…
Well you have read the description of the poor in the 19th century, so I'd say it still doesn't compare. Nobody starves in the west, unless they have a serious mental illness. But then the comparison would also be…
They have their work power - don't banks actually love it when people can't pay off their debt? If your odds of making your investment back are so bad that the bank won't give you a loan, maybe it is the wrong plan to…
You misunderstand the nature of money. Money means society owns something to the holder of the money. By not spending money, society is temporarily richer. Also, sorry, but I don't care how productive other people's…
Why don't parents who work hard to give their children a good live deserve to do so? It is not their fault if other people have children while they are poor. Everybody should have a fair chance, but people who worked…
You assume prices were merely driven by greedy landlords. That is of course untrue. Prices were driven up by the popularity of the city, with people seeking a place to rent outbidding each other and bidding prices up.…
So the only reason those homeless people don't get their houses is that nobody wants to give them to them? I rather doubt that number. More likely those empty houses are in places where nobody wants to live, or that are…
The OP was specifically a bout "lazy people", so your claim that they are not lazy does not make any sense at all. You can argue that there may be no actual lazy people, but that is another discussion. "We are about to…
The notion that children don't deserve the spoils of their parents is really crazy to me. Parents work so that they can give their children a better life. Heck, they even choose their partners to maximize odds for a…
Since people can multiply, infinite amounts is a possible scenario. Also scarcity - think of "a kingdom for a horse". If there are 1000 apples and 1001 people, and everybody who doesn't get an apple starves to death,…
I was replying to an absolute statement, "every lazy person deserves x". My point is that there are probably more aspects to consider in general. Your claims that we have "more than enough" are unproven, imo. Let's take…
If they print money, they devalue the money people already have, so in the end again it is the people, not "government", who pay.
You can't arbitrarily set rent prices. You can only ask what people are also willing to pay. People are willing to pay because they have high paying jobs and want to live near to where they work. And that is ultimately…
Isn't that exactly what banks are for - so that you can get a loan? I would expect that you would qualify for a loan if you show evidence of your upcoming employment. Many companies also pay for moves. Of course if you…
You can't deny that in terms of Bayesian probability, the odds are higher for a homeless person to be mentally unhinged than for the average person. Simply because mental illness is often the cause for homelessness.
Well arguably they are not really poor, compared to those cases of poverty in the 19th century.
I think people quickly tire of it when they have to take care of those lazy people directly. I'm not saying nothing should be done. Just that it is a fallacy to think the government simply has infinite money to spend.
Then as I suspected, it is just mumbo jumpo to allow people to make demands (I created the "value", so I deserve that thing). Again my question, what is the actual use for the concept? If you can not use it to determine…
Any pointers? I was under the impression that nobody besides socialists takes LTV serious anymore. And I gave some reasons why it doesn't make sense. I haven't heard any counterpoints that make me think investing more…
Which one do you mean? It is true that owning stock does not entitle you to labor of a company of employees. Paying wages does. And the "value theory of labor" states that the value of labor is determined by how hard…
I certainly didn't want to suggest that P/E is a reliable or sufficient indicator for good investments. It was just about this claim that everything is just gambling at this point.
Who is starving, and why? I think if you can point to some starving children and make a public call, you would get lots of donations. If you are aware of such cases, please point them out, or contact the appropriate…
The value can be infinite. If you are about to die, you would give everything to prevent it - more than you have.
"Poverty rate" is usually defined of terms of earning less than the average income minus some %. It does not imply people actually being poor, in the way people imagine poverty (not being able to afford food, clothes,…
The housing situation in London may be special, and I would bet you can find socialist laws behind it that make renting out properties nonviable (like rent controls and making it impossible to get rid of bad tenants).…
Groceries salespeople are cheap because there are many people with the skills to do that job. The same does not go for brain surgery. And you can also sell groceries just fine when you are tired - a little slower…
Well you have read the description of the poor in the 19th century, so I'd say it still doesn't compare. Nobody starves in the west, unless they have a serious mental illness. But then the comparison would also be…
They have their work power - don't banks actually love it when people can't pay off their debt? If your odds of making your investment back are so bad that the bank won't give you a loan, maybe it is the wrong plan to…
You misunderstand the nature of money. Money means society owns something to the holder of the money. By not spending money, society is temporarily richer. Also, sorry, but I don't care how productive other people's…
Why don't parents who work hard to give their children a good live deserve to do so? It is not their fault if other people have children while they are poor. Everybody should have a fair chance, but people who worked…
You assume prices were merely driven by greedy landlords. That is of course untrue. Prices were driven up by the popularity of the city, with people seeking a place to rent outbidding each other and bidding prices up.…
So the only reason those homeless people don't get their houses is that nobody wants to give them to them? I rather doubt that number. More likely those empty houses are in places where nobody wants to live, or that are…
The OP was specifically a bout "lazy people", so your claim that they are not lazy does not make any sense at all. You can argue that there may be no actual lazy people, but that is another discussion. "We are about to…
The notion that children don't deserve the spoils of their parents is really crazy to me. Parents work so that they can give their children a better life. Heck, they even choose their partners to maximize odds for a…
Since people can multiply, infinite amounts is a possible scenario. Also scarcity - think of "a kingdom for a horse". If there are 1000 apples and 1001 people, and everybody who doesn't get an apple starves to death,…
I was replying to an absolute statement, "every lazy person deserves x". My point is that there are probably more aspects to consider in general. Your claims that we have "more than enough" are unproven, imo. Let's take…
If they print money, they devalue the money people already have, so in the end again it is the people, not "government", who pay.
You can't arbitrarily set rent prices. You can only ask what people are also willing to pay. People are willing to pay because they have high paying jobs and want to live near to where they work. And that is ultimately…
Isn't that exactly what banks are for - so that you can get a loan? I would expect that you would qualify for a loan if you show evidence of your upcoming employment. Many companies also pay for moves. Of course if you…
You can't deny that in terms of Bayesian probability, the odds are higher for a homeless person to be mentally unhinged than for the average person. Simply because mental illness is often the cause for homelessness.
Well arguably they are not really poor, compared to those cases of poverty in the 19th century.
I think people quickly tire of it when they have to take care of those lazy people directly. I'm not saying nothing should be done. Just that it is a fallacy to think the government simply has infinite money to spend.
Then as I suspected, it is just mumbo jumpo to allow people to make demands (I created the "value", so I deserve that thing). Again my question, what is the actual use for the concept? If you can not use it to determine…
Any pointers? I was under the impression that nobody besides socialists takes LTV serious anymore. And I gave some reasons why it doesn't make sense. I haven't heard any counterpoints that make me think investing more…
Which one do you mean? It is true that owning stock does not entitle you to labor of a company of employees. Paying wages does. And the "value theory of labor" states that the value of labor is determined by how hard…
I certainly didn't want to suggest that P/E is a reliable or sufficient indicator for good investments. It was just about this claim that everything is just gambling at this point.