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Author Topic: For whoever has, to him more will be given, and he will have abundance  (Read 304 times)
Accardo
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May 26, 2023, 06:18:10 PM
 #21

Taking it from a cryptocurrency point of view, bitcoin is already big in market capitalization and more people still put in money into it, while some altcoins are seeing massive decline of investors. The advise all over the market is to invest on coins that have proven to be profitable on the long run. Similar to what is happening in other businesses. Elon's businesses would bring profits to the investors that's why they're contributing more money into the project and he's building fresh technologies that has been rampant in the tech world. So, it's sure that it'll progress and succeeds, these investors take calculated risks and don't love throwing money on businesses that doesn't guarantee profits.

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May 26, 2023, 06:21:05 PM
 #22

Well I'm not either an economist  but let's  be realistic  and analyze the whole incidence.
No one wants to invest in something  that isn't really guaranteed and most of Elon's investments seem guaranteed and just like every other person, the governments  and other prominent investors  wouldn't want to risk their money in projects that don't seem realistic or don't give a better promise on return of investment (ROI) and hence, if they can afford investing in Elon's business then isn't one of the best options an investor can make and that simply answers why people go for name and reputations because people want proves not hopes

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May 26, 2023, 07:33:19 PM
 #23

In fact, once the government becomes aware of your significant wealth, they tend to offer grants, subsidies, and even tax credits just as what Elon Musk's companies are enjoying. On the other hand, there are other individuals who run similar businesses but have limited financial resources and receive no government assistance. Why does this discrepancy exist? Can someone help me understand this statement from an economic standpoint?


Is unfortunate that this things happen over the globe and different countries that government will help bigger conglomerate to continue existing and give little or no support to smaller companies like you have pointed out. This is like to refer to the saying that success has followership but failure doesn't, usually people want to associate themselves to success but do you know the real secret on why that happens? The big companies and their owners are friends to government, to people at the corridor of political powers. You will find more investors of such big companies from those in government, those powerful legislators. They are partners and will make policies that will make loan available to bigger conglomerate on whatever guise. So smaller companies have to struggle on their own with help of family members to survive.
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May 26, 2023, 08:57:46 PM
 #24

Quote
For whoever has, to him more will be given, and he will have abundance - Matthew 13:12 NKJV
I don't know how you understand that Biblical illustration by Jesus. And from what I read from you, you are bringing that to economic situation which is very far from it. Jesus was preaching to a very large crowd of people about the kingdom of God and all was about repentance. And it was a repentance message to the people. "Whoever that  has accepted Jesus Christ has his personal Lord and Savior then will have everlasting life, that's more has been given and whoever that didn't accept Christ as his personal Lord and Savior even the life that has been given to him will be taking back at the last day so I don't where you brought this to your economic analysis.









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May 27, 2023, 04:41:53 AM
 #25

Elion Musk's wealth comes from the companies he invests in, as I do not think that he has a large amount of cash, but the shares of those companies can be used as collateral in order to obtain cash, or at least borrow through them with low returns.
As for why the government finances it because there is a return from this financing, it will benefit from it, and therefore (government earns you earns all happy), while when it funds the citizen, it mostly does it as a service, but there is no return for governments from financing individuals or even supporting small companies because most of them will be liquidated, but inevitably all will support the successful company.

It's all about return on investment.

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May 27, 2023, 01:49:00 PM
 #26

To be fair, it was in the context of why Jesus speaks in parables in the Bible, but I do agree that the phrase tends to hold in our world in general. Of course, it's too generic to say how true or false it really is, and there can easily be counterexamples where those who don't have are given something, like unemployment benefits or support of charities. But we do live in a world where the more you have, the more you can further receive, and that is very wrong and sad because it only exacerbates the existing inequalities instead of working on making them smaller. If you are wealthy, more doors are open to you for further opportunities, you probably have a lot of connections that can help you become even wealthier, and there's more trust in you than is someone who isn't wealthy.

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May 27, 2023, 02:41:06 PM
 #27

Talking from an economic point of view means that it relates more to the level of finances owned, influence and the products offered really have appeal in the world's economic competition industry. Elon Musk is not just an investor or an innovator, but he plays a role behind everything that is political in nature, whether we realize it or not, the funding in the government must flow without us knowing. Because of that he was able to survive and has a strong axis to take into account both his policies and the decisions he makes often cause slight shocks in the market.

But keep in mind Elon Musk is just part of a small government agenda to build things up to make things look more real. This sounds like an ancient conspiracy that we often encounter, but imagine if it was completely controlled and everyone, including respondents like us, were only complementary materials to keep things running.

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May 27, 2023, 05:41:13 PM
 #28

It's an open secret how the US government and so many other governments of the world are doing their very best to keep the rich and wealthy in their society richer and this is just amongst the many examples of such practices. Their is a part of the Dictator movie where the main character was speaking to an audience and giving some point why the government of the united state of America should be a dictatorship ran government, but it's was quite ironic that all the point he gave as to why they should be a dictatorship ran government is precisely what the united state of America is doing.

It's really an unfair truth that the billionaires run the world, right to the stock market, real estate, and even medicine and the government just plays ball and do everything the cn to support them.

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May 27, 2023, 07:42:06 PM
 #29

Do you want to invest the majority of your assets in a project which only make promises to deliver this and that or in some case, the company will give you fewer profits that the one already doing good and could give you a better return profits than that? Of course not. And they only get those privilege because they have the ability to give back what they took as a loan. And the more you give, the more you will get as an interest. So instead of giving small companies less money or privilege, the system chooses those from whom they can benefit more. Money makes more money and this is the rule they follow. For this reason, the poor will stay poor, and the rich will make more money. 
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May 27, 2023, 07:52:48 PM
 #30

Quote
For whoever has, to him more will be given, and he will have abundance - Matthew 13:12 NKJV

We could actually interpret this in a number of ways.

Let's say a person has fear, or doubt. For whoever has FUD, to him more will be given, and he will have abundance...  Tongue
Quote
I am not an economist or business expert, but I have observed that the quoted text from the Holy book holds true in real life. An example of this is Elon Musk.


I know this as "the rich get richer as the poor get poorer" and it's of course true. It's not hard to make more money when you have plenty.

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May 27, 2023, 08:34:29 PM
 #31

Government doesn't shower just because Elon Musk have innovated things or he is good in attracting funds. The prime reason is the benefit government get out of it. No government just spend the people's money into private firm. Another thing, government is also under research of the similar concept. Governments make agreement to use the technology, in such a different things are around the market than just saying one who's with abundance will be showered with more.

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May 27, 2023, 09:17:46 PM
 #32

I am not an economist or business expert, but I have observed that the quoted text from the Holy book holds true in real life. An example of this is Elon Musk. He possesses substantial wealth, investors, and other resources, yet the US government continues to provide funding for his companies, SpaceX and Tesla, while smaller struggling companies with limited funds receive little to no support. In fact, once the government becomes aware of your significant wealth, they tend to offer grants, subsidies, and even tax credits just as what Elon Musk's companies are enjoying. On the other hand, there are other individuals who run similar businesses but have limited financial resources and receive no government assistance. Why does this discrepancy exist? Can someone help me understand this statement from an economic standpoint?

In situations like this, I don’t think the government will invest all in a private company and still help them in subsidizing taxes without them having some percentage of share with them. This is a capitalist system of government and we can only see what they show to us while the main picture is hidden from us. Small businesses that have such ideas and cannot fend for themselves or cannot get some share for the government also are mostly being clamped down and not allowed to grow in order not to become a worthy contestant with them in the city or country.

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May 27, 2023, 09:47:30 PM
 #33

Quote
For whoever has, to him more will be given, and he will have abundance - Matthew 13:12 NKJV

I am not an economist or business expert, but I have observed that the quoted text from the Holy book holds true in real life. An example of this is Elon Musk. He possesses substantial wealth, investors, and other resources, yet the US government continues to provide funding for his companies, SpaceX and Tesla, while smaller struggling companies with limited funds receive little to no support.
 In fact, once the government becomes aware of your significant wealth, they tend to offer grants, subsidies, and even tax credits just as what Elon Musk's companies are enjoying. On the other hand, there are other individuals who run similar businesses but have limited financial resources and receive no government assistance. Why does this discrepancy exist? Can someone help me understand this statement from an economic standpoint?

- https://qz.com/elon-musks-spacex-and-tesla-get-far-more-government-mon-1850332884

One reason is that his project is into space exploration and will give the country greatness on things that were discovered during the exploration.  I bet there are also terms of acquisition if there are new materials discovers in space.

I don't think government does not offer assistance to starting company.  I believe they have programs to cater the needs of company and dependent on the negotiation, the company may or may not get financial assistance from the government.  It is that the news does not announce to the public when the government give aid on small company because it  won't attract many readers.  In addition, in my country there are government programs that gives financial aid to business start-ups.
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May 27, 2023, 11:05:05 PM
 #34

Quote
For whoever has, to him more will be given, and he will have abundance - Matthew 13:12 NKJV

I am not an economist or business expert, but I have observed that the quoted text from the Holy book holds true in real life. An example of this is Elon Musk. He possesses substantial wealth, investors, and other resources, yet the US government continues to provide funding for his companies, SpaceX and Tesla, while smaller struggling companies with limited funds receive little to no support. In fact, once the government becomes aware of your significant wealth, they tend to offer grants, subsidies, and even tax credits just as what Elon Musk's companies are enjoying. On the other hand, there are other individuals who run similar businesses but have limited financial resources and receive no government assistance. Why does this discrepancy exist? Can someone help me understand this statement from an economic standpoint?

- https://qz.com/elon-musks-spacex-and-tesla-get-far-more-government-mon-1850332884
There could be several explanations for the example you are giving, Musk could simply have good relationships with those politicians and since his business is a good one then they are not afraid to give him all the grants he may want, another possibility is that they see on the companies of Musk a way to get access to technologies they may not have access otherwise, they may also support Musk in order to counter the progress of other countries like China, there could be something else going on like corruption or bribes, so as you can see no one really knows the answer to that question for sure, but it is not difficult to imagine the different scenarios which make this possible.
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May 28, 2023, 04:19:48 AM
 #35

This is very true, and it is called Mathew effect, the rich become richer and the poor become poorer, this is the reason we all need to strive to leave the level of poverty and secure our financial freedom. If Elon for example wants to secure a loan from a bank, he doesn't need collateral becuase of his personal recognistion and again banks will be jumping up and down to finance his idea but when it comes to normal man, the will demand credit worthiness and collateral because the chance of him not succeeding in his business is high, this is why the gap between the poor and the rich will contniue to be wider


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May 28, 2023, 04:53:00 AM
 #36

Taking it from a cryptocurrency point of view, bitcoin is already big in market capitalization and more people still put in money into it, while some altcoins are seeing massive decline of investors. The advise all over the market is to invest on coins that have proven to be profitable on the long run. Similar to what is happening in other businesses. Elon's businesses would bring profits to the investors that's why they're contributing more money into the project and he's building fresh technologies that has been rampant in the tech world. So, it's sure that it'll progress and succeeds, these investors take calculated risks and don't love throwing money on businesses that doesn't guarantee profits.

That's very correct and to add more, we have so many altcoins just as we have so many new business builders with good ideas but many altcoins will fail thereby losing investors money and same thing happens in the business world. Altcoins failing mightn't mean the projects ideas weren't good but they lacked marketing to let people know about the projects and same thing happens to new business.

Business owners will only give their money to someone who they know can double their money for them. Elon musk has a reputation for success just as Cz, the founder of Binance exchange has a reputation for giving new project success through Binance launchpad.

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May 28, 2023, 05:56:06 AM
 #37

I am not an economist but I feel that many rich people are willing to give more than others because they believe that supporting many things will also support their company. Maybe Elon has a big backing behind his company but we don't know who the supporter is. And we know that Elon worked in many businesses, making him famous and popular. In comparison, other small companies do not get support from many people or the government. I don't know. That's just my estimate because I also don't know why Elon can get so many things, including support.

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May 28, 2023, 08:40:31 AM
 #38

Quote
For whoever has, to him more will be given, and he will have abundance - Matthew 13:12 NKJV

I am not an economist or business expert, but I have observed that the quoted text from the Holy book holds true in real life. An example of this is Elon Musk. He possesses substantial wealth, investors, and other resources, yet the US government continues to provide funding for his companies, SpaceX and Tesla, while smaller struggling companies with limited funds receive little to no support. In fact, once the government becomes aware of your significant wealth, they tend to offer grants, subsidies, and even tax credits just as what Elon Musk's companies are enjoying. On the other hand, there are other individuals who run similar businesses but have limited financial resources and receive no government assistance. Why does this discrepancy exist? Can someone help me understand this statement from an economic standpoint?

- https://qz.com/elon-musks-spacex-and-tesla-get-far-more-government-mon-1850332884
There could be several explanations for the example you are giving, Musk could simply have good relationships with those politicians and since his business is a good one then they are not afraid to give him all the grants he may want, another possibility is that they see on the companies of Musk a way to get access to technologies they may not have access otherwise, they may also support Musk in order to counter the progress of other countries like China, there could be something else going on like corruption or bribes, so as you can see no one really knows the answer to that question for sure, but it is not difficult to imagine the different scenarios which make this possible.

To have good relations with politicians, he also spent a lot of effort and money to achieve it. It can be said that it is his wisdom and unique business strategy that has created different results. And in return, when the government decided to help his business, they calculated it in their favor. They take advantage of Elon's intelligence to create superior technologies for the country and inhibit the progress of other countries, as you say. It can be said that this is just a win-win cooperation, no one helps others without receiving any benefits in return.

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May 28, 2023, 06:52:40 PM
 #39

This is very true, and it is called Mathew effect, the rich become richer and the poor become poorer, this is the reason we all need to strive to leave the level of poverty and secure our financial freedom. If Elon for example wants to secure a loan from a bank, he doesn't need collateral becuase of his personal recognistion and again banks will be jumping up and down to finance his idea but when it comes to normal man, the will demand credit worthiness and collateral because the chance of him not succeeding in his business is high, this is why the gap between the poor and the rich will contniue to be wider
When a person gets transition from one level to another, we'll be able to see his connections change. This is how businesses connect. Beyond certain point the businesses always gets interchanged between the specific connections in the upper circle. This is how rich gets richer and the poor gets poorer. Upto certain level it is really hard to reach beyond that, connections itself will uplift as well as give hands on unexpected downfall. As in the post above, to get a loan a common man have to go through big process. The person going for the second time the procedure will be less, if the person going for loan have elevated his level than the past.
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May 28, 2023, 07:33:53 PM
 #40

The passage from the Bible doesn't seem to have anything to do with or even be relevant to the issue regarding government backing for Elon Musk and other companies. We all understand that the government supports and protects large businesses, or whales since they profit from them. Since Elon Musk pays a lot of taxes, the government would gain greatly from supporting his firms as well as those of other large corporations.
Since the government aren't benefiting so much from small businesses, there's no sense supporting them as they couldn't gain huge enough in return. The logic here is that, the government values huge capitalists more than small businesses which is common and has been happening for a long time. Money is power so no wonder why the government look up to the richest business owners.
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