Serving the Quantitative Finance Community

  • 1
  • 2
  • 3
  • 4
  • 5
  • 13
 
User avatar
Trickster
Posts: 3528
Joined: August 28th, 2008, 4:59 pm

Re: You are rich, privately educated and intelligent. So why do you vote Socialist?

October 2nd, 2019, 8:27 pm

Sure! As long as they explain why they aren't giving everything to the needy and opening up their mansions to the homeless. 
There are ways to design more equitable distributions of resources and fairness in opportunities that don’t entail giving it all away.

I have to get back on the road but here is an example.

Earlier today, I bought what you might consider “luxury” yarn at two stores.

The orange gold purple skeins are from
Peru. The assortment of other skeins are from Uruguay.

These are small farm holders, but fair wages to employees and kind treatment of the animals - alpacas and sheep.

Free trade fair trade

Means happy customer (me!)

Happy yarn shop owner who is delighted to carry Malabrigo and Manos del Uruguay

And people able to work and run profitable sustainable businesses in challenging regions.

This is more about International socialism than domestic voting. But the underlying principles are the same.

And let women (especially unmarried ones) have the right to earn, with daycare on site or babies at their sides. : )
 
User avatar
Trickster
Posts: 3528
Joined: August 28th, 2008, 4:59 pm

Re: You are rich, privately educated and intelligent. So why do you vote Socialist?

October 2nd, 2019, 8:28 pm

The yarn. And for the economically minded - this is about $100 worth of hand dyed superwash merino wool. Lovely stuff - if you could only feel it through this forum, you would really like it. We need Virtual Reality!
 
User avatar
Paul
Topic Author
Posts: 7047
Joined: July 20th, 2001, 3:28 pm

Re: You are rich, privately educated and intelligent. So why do you vote Socialist?

October 2nd, 2019, 8:39 pm

That is great. So you are selfishly supporting businesses that will provide the goods you prefer. I don't call that Socialism. That's just common sense. It's probably ineffective, unless you are knitting in serious bulk. But at least it makes you feel good. And that's also great. But again nothing to do with Socialism. 

Socialism would have me fund those alpaca farmers even though I've done all the knitting I want to. 

Go on, let a dozen homeless sleep in your mansion! Ok, five. One?
 
User avatar
Trickster
Posts: 3528
Joined: August 28th, 2008, 4:59 pm

Re: You are rich, privately educated and intelligent. So why do you vote Socialist?

October 2nd, 2019, 8:48 pm

If you ever become homeless due to crazy Brexit scenarios, market crash, ten year depression, you will be welcome to stay at my lake house.

Along with Mrs. W and assorted children, pets, books....and of course all of my friends who will be crashing there short medium or long term...

You will be in good company. : )
 
User avatar
katastrofa
Posts: 7929
Joined: August 16th, 2007, 5:36 am
Location: Event Horizon

Re: You are rich, privately educated and intelligent. So why do you vote Socialist?

October 2nd, 2019, 8:49 pm

I think what Trackstar is doing is philanthropy. I'd need to say charitability in my own case as it's in a large part dedicated to animal welfare causes (just 3-4 hours a week of my time + money; I don't mention such jokes as giving away old clothes or toys to the poor and orphans ;-)).

Seriously, money made me unhappy, so why would I give it to other people?
 
User avatar
Paul
Topic Author
Posts: 7047
Joined: July 20th, 2001, 3:28 pm

Re: You are rich, privately educated and intelligent. So why do you vote Socialist?

October 2nd, 2019, 8:59 pm

You are denying people an opportunity? The opportunity to be unhappy. But seriously if poor people knew how unhappy we rich people are then they'd think twice about raising taxes and making us happier.

(Now if I ever got into public life that will be used against me. That and my large collection of Robertson's [redacted].)
 
User avatar
Paul
Topic Author
Posts: 7047
Joined: July 20th, 2001, 3:28 pm

Re: You are rich, privately educated and intelligent. So why do you vote Socialist?

October 2nd, 2019, 9:05 pm

If you ever become homeless due to crazy Brexit scenarios, market crash, ten year depression, you will be welcome to stay at my lake house.
Talking of crazy: https://www.bacp.co.uk/news/news-from-bacp/2019/11-april-one-third-of-adults-say-brexit-has-affected-their-mental-health-bacp-research-finds/

Rich lefties and young people are apparently suffering most from Brexit Derangement Syndrome. No backbone. 
 
User avatar
Paul
Topic Author
Posts: 7047
Joined: July 20th, 2001, 3:28 pm

Re: You are rich, privately educated and intelligent. So why do you vote Socialist?

October 2nd, 2019, 9:07 pm

All threads lead to Brexit.
 
User avatar
katastrofa
Posts: 7929
Joined: August 16th, 2007, 5:36 am
Location: Event Horizon

Re: You are rich, privately educated and intelligent. So why do you vote Socialist?

October 2nd, 2019, 10:26 pm

I'll fight you with your own ML weapon, ISayMoo :-) Why not divide-and-conquer algorithm: the global problem consists of local ones - let people solve them locally.
 
User avatar
Paul
Topic Author
Posts: 7047
Joined: July 20th, 2001, 3:28 pm

Re: You are rich, privately educated and intelligent. So why do you vote Socialist?

October 2nd, 2019, 10:51 pm

You can give all your money away first and still form a collective. 
 
User avatar
katastrofa
Posts: 7929
Joined: August 16th, 2007, 5:36 am
Location: Event Horizon

Re: You are rich, privately educated and intelligent. So why do you vote Socialist?

October 2nd, 2019, 10:58 pm

They don't always work. Try eradicating smallpox in this way.
Do you know what the word "vaccine" comes from?
 
User avatar
bearish
Posts: 5906
Joined: February 3rd, 2011, 2:19 pm

Re: You are rich, privately educated and intelligent. So why do you vote Socialist?

October 2nd, 2019, 11:10 pm

Sounds like a cow was involved.
 
User avatar
katastrofa
Posts: 7929
Joined: August 16th, 2007, 5:36 am
Location: Event Horizon

Re: You are rich, privately educated and intelligent. So why do you vote Socialist?

October 2nd, 2019, 11:12 pm

Exactly! If everybody loved cows, smallpox wouldn't be an issue.
Veganism >> socialism
 
User avatar
Paul
Topic Author
Posts: 7047
Joined: July 20th, 2001, 3:28 pm

Re: You are rich, privately educated and intelligent. So why do you vote Socialist?

October 3rd, 2019, 12:24 am

Is there any Socialist who will unilaterally practice what they preach?
 
User avatar
Gamal
Posts: 1533
Joined: February 26th, 2004, 8:41 am

Re: You are rich, privately educated and intelligent. So why do you vote Socialist?

October 3rd, 2019, 5:35 am

There are quite many rich, privately educated and intelligent idiots.