Statistics: The law of diminishing returns. Boy that is a mouthful but it is actually very simple and easy to explain. The more you acquire of something the less it is worth to you. Most restaurants here give free refills on drinks. But when they didnt think about the value to you. For example, you might be willing to pay $5 for your first cup of coffee, but how about the second, maybe $1, how about the third and forth. You are getting the same thing. It is just not worth as much to you. It is that way with billionaires and taxes. Even considering what they might shelter, they pay at least 50% on their earnings in tax. Now I ask, Bill Gates is worth ~50b. If he only gets to keep 1/2 of what he earns, why go to the trouble to work and earn more? And you might ask, why do I care? For that matter, what do you care what the Fords, Waltons, or any billionaire does? Have you ever owned a Ford? Have you ever been in a Walmart? Arent you seeing this post on a phone or computer invented by a billionaire, using software invented by a billionaire, on a free site invented by a billionaire? Why have you voluntarily turned your hard earned money over to these billionaires? How about because they provided you with something valuable to you. You may not like it but that is the way the world works. Life is not fair and the sooner we realize that the better off we are.
Posted on: Tue, 27 Jan 2015 14:03:30 +0000
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