Mindblown: a blog about philosophy.

Think how rich someone could get if they saved or invested ALL of their income, instead of blowing it on food and shelter and other such frivolities. Just defer all spending on basic life support for a decade or two, and boom. Silly poors. LikeLike

[…] is what motivated my comments to this thread. A few of the relevant […]

In reply to Irfan Khawaja. There is a lot there and a lot there that I agree with. Due to time considerations, I’ll address just one issue you raise at the end (and probably in something of an reactive, atavistic libertarian-knee-jerk, inadequat…

In reply to Irfan Khawaja. IK: “…simply ask whether those who have made a substantial contribution are being compensated well enough to be free of anxiety in meeting their basic needs for well-being, pruning one’s understanding of that last…

In reply to mlyoung57. On rent: see my PS above. I hadn’t meant to assume as a fixed feature of any answer that the person had to remain in a one-bedroom apartment costing $1,200 sans roommates, or that she would have to remain in the job paying …

The only way this works at $14/hr is living with housemates for 25 years straight (the rent figure is the weak point in your calculation). Saving $1000/m for 25 years yields 300K. With investment and compound interest, you might have 400K or more at 45…

Love this.  Thank You,Kevin Bolling954-520-5087 LikeLike

[…] that you work one full-time job doing physical labor, and earn $14/hour before taxes or any other withdrawals (including withdrawals for benefits, e.g., […] LikeLike

[…] The latest contribution to thinking on economic justice, care of 200ProofLiberals, by Christopher Freiman. Worth comparing and contrasting with our own recent discussions here of labor-management relations.here at PoT […] LikeLike

The latest contribution to thinking on economic justice, care of 200ProofLiberals, by Christopher Freiman. Worth comparing and contrasting with our own recent discussions here of labor-management relations.here at PoT. Marx writes, “In communist society, where nobody has one exclusive sphere of activity but each can become accomplished in any branch he wishes, society regulates the…