Toynbee - Plan C for public sector workers

Mr_Mumble

ruggedtoast wrote: »

You're right, the idea of extraordinarily rich people handing over a comparatively small portion of their assets to filter wealth down through the rest of society is preposterous.

Sorry, how does stealing 20% from the 'richest' improve the lot of the 'poor' when asset prices for all fall by 50%?

50% is a loose estimate: its simply based on the P/E value of the Venezuelan stock exchange compared to first world country's equity markets. If you can think of a better way to value such theft feel free to illuminate us capitalist pigs.

Kennyboy66

Generali wrote: »

You presuppose that:

1. Rare earth metals won't be discovered elsewhere
2. Rare earth metals will continue to be needed

If you went back to the late C19th then a limit on high speed transportation (ie faster than a horse could gallop) would be the amount of coal in the ground. That's not so long ago, only just out of living memory.

Exactly.

Rare earth metals are not scarce, until about 10 years ago the USA was the biggest producer - it more or less ceased production because it couldn't compete with chinese labour costs or environmental standards.