Taking Wealth From Those Who Work Hard

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[–]Zapped 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (4 children)

What do you mean by "taken"?

Do you think wealth is created or is already in existence?

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (3 children)

What do you mean by "taken"?

In both Capitalism and Socialism, workers ain't paid enough for their labor, which is why CEOs make hundreds — or even thousands — of times more money than their workers.

In Socialism, the state literally comes and takes your property. That happens in Capitalism too, through eminent domain, but it's a much larger issue in Socialism.

Do you think wealth is created or is already in existence?

Both. Land, labor, and capital are already available, but when combined: they can create new value.

[–]Zapped 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

I disagree on both accounts. Land and labor have no value until it's utilized. Who's to say I'm not paid enough to sit on the couch watching television? Nothing's produced. Something only has value when someone is willing to "pay" for it. We all place our own value on things. It can be different. Society, or the collective, finds a common value for such things. Sure, value can be manipulated, but at the end of the day it's traded from person to person freely in a true capitalist system. If we're talking about fairness, that's a different conversation. If we're talking about what type of economic/political system the U.S. has now, that's a different conversation.

[–][deleted]  (1 child)

[deleted]

    [–]Zapped 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

    Gotcha.