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I was on an aircraft carrier so maybe it took longer. They are kind of slower.
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I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett Kavanaugh -
As I have maintained from the start, the main failing of your position is the complete and total lack of recognition that the people who apply capital to a given project create value by doing so. Compensatable value.
How do they create value? Surely if someone donates land to a housing project, he does not create the value that the land has. Sure, he can add value to the land by clearing it and grading it himself, but that is effected by labour.Only feebs vote.Comment
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Well he's on a carrier too, my ship, a desroyer, always went over solo.Originally posted by Kidicious
I was on an aircraft carrier so maybe it took longer. They are kind of slower.
Yes, we were that good!
ACK!
Don't try to confuse the issue with half-truths and gorilla dust!Comment
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It will probably take him two weeks then. He should only be there a few days too.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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btw, what is a exegesis?I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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I was there four times, overnight every time. Only had time to go to Moose Magillicuddy's.
ACK!
Don't try to confuse the issue with half-truths and gorilla dust!Comment
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I have no idea what exegesis is.
ACK!
Don't try to confuse the issue with half-truths and gorilla dust!Comment
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From Webster's Revised Unabridged Dictionary (1913):
Exegesis \Ex`e*ge"sis\, n.; pl. Exegeses. [NL., fr.Gr. ?,fr. ?
to explain, interpret; ? out + ? to guide, lead, akin, to ?
to lead. See Agent.]
1. Exposition; explanation; especially, a critical
explanation of a text or portion of Scripture.
2. (Math.) The process of finding the roots of an equation.
[Obs.]Only feebs vote.Comment
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Cool new word for me.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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Vel:
As I have maintained from the start, the main failing of your position is the complete and total lack of recognition that the people who apply capital to a given project create value by doing so. Compensatable value.
Ag:
How do they create value? Surely if someone donates land to a housing project, he does not create the value that the land has. Sure, he can add value to the land by clearing it and grading it himself, but that is effected by labour.
Two specific examples of the application of capital creating value:
1) The two homes I purchased above. They were for sale by folks who had been holding them for one-year plus. They were, for all intents and purposes, abandoned and sitting empty, and falling apart because of it. By assuming the responsibility of the mortgages (applying sufficient capital, I opened the door that *allowed* further capital to be spent (and labor applied) to make the needed improvements to make them livable again. A thing which previously was not happening, and there was no expectation that it would BE happening under the watch of the former owners.
2) (your example) A wealthy individual sells or donates land, and arranges a loan (both capital) to an enterprising young man to build a factory and start a business. Without the money and land to get started, the labor has nothing to DO. No focus. No land or machinery to work ON, no building to work IN. Without these, the project never gets off the ground.
In both of these examples, the layout of capital preceeds the need for physical labor. It lays the groundwork and foundation which makes the labor down the road possible. Without it, the enterprise would never have even drawn its first breath.
That seems....fairly valuable to me.
-=Vel=-Comment
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What you spoke of was concentration of capital. However, capital, no matter how concentrated, cannot create value. Capital is insert.Originally posted by Velociryx
That seems....fairly valuable to me.(\__/) 07/07/1937 - Never forget
(='.'=) "Claims demand evidence; extraordinary claims demand extraordinary evidence." -- Carl Sagan
(")_(") "Starting the fire from within."Comment
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Hiring people to work in a factory (applying captial to a project) increases the value of the stuff produced by them (well, it increases the quantity, not the value of the individual items, but you get the point).Originally posted by Agathon
As I have maintained from the start, the main failing of your position is the complete and total lack of recognition that the people who apply capital to a given project create value by doing so. Compensatable value.
How do they create value? Surely if someone donates land to a housing project, he does not create the value that the land has. Sure, he can add value to the land by clearing it and grading it himself, but that is effected by labour.Comment
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When applied to labor it does. Labor creates value. Labor with capital applied creates even more value. It's quite reasonable to claim that, in those situations, the application of capital creates value.Originally posted by Urban Ranger
What you spoke of was concentration of capital. However, capital, no matter how concentrated, cannot create value. Capital is insert.Comment
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Wow, I missed quite a ruckuss.
Vel, you slumlord, you!
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I can think of many reasons people might prefer renting over home ownership. Not forever, of course! My friend, Tom, is trying to get his PhD. He's been out in Chicago for a year + now, working at UChicago (in a Masters program), and is currently applying to numerous universities for his PhD. Thus, he will have been in Chicago for ~2 yrs, and will be moving on to ?? for the next, what, 6 years? Prior to this he was in Boston teaching & trying to get into PhD programs.
While in Boston, he and his wife purchased a Condo. When it came time to leave for Chicago, they had to sell. In the time inbetween, the housing market had fallen somewhat, and they ended up taking a $15,000 loss on the condo. Doh!
In Chicago, they rented. I expect that this time when they move, they will look to buy.
People's needs are variable depending on their personal situation, Kid. Just because YOU want to own a home doesn't mean that everyone does (right now).
The way I read it, Vel put down 15% of the value of these houses, borrowed the rest from the bank, and then spent his labor (and more money) fixing them up. He now receivesrenta useage fee from those who live there. I see no exploitation.
That's not to say there aren't bad landlords. As Che's recent experience with trying to find a new apartment illustrates, it can be tough if you're strapped for cash and have to move to where the jobs are.
-Arriangrog want tank...Grog Want Tank... GROG WANT TANK!
The trick isn't to break some eggs to make an omelette, it's convincing the eggs to break themselves in order to aspire to omelettehood.Comment
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Originally posted by Kuciwalker
When applied to labor it does. Labor creates value. Labor with capital applied creates even more value. It's quite reasonable to claim that, in those situations, the application of capital creates value. No. Capital applied to labor sucks the value out of labor. The more capital there is in the economy the more that capital demands of labor. Eventually you come to a point where capital sucks the productive powers from labor. For example, people die, or wars are started etc, so that capitalists can continue to get returns on their capital. If they don't get returns their ficticious, speculative capital will vanish in a massive panick that will free labor.
I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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