Originally posted by Cuauhtémoc1520
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Lou DiBella going in hard against Broner
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All of you need to get this thru your thick heads, Broner can do as he pleases with his disposable income. He earned and if he wants to burn it, flush it, wipe his ass with it or donate it its his decision.
If you dont like what broner did with his money step away from the keyboard, find a way to earn what broner does, and then after you pay your bills use your disposable income the way you choose.
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Originally posted by Big Dunn View PostAll of you need to get this thru your thick heads, Broner can do as he pleases with his disposable income. He earned and if he wants to burn it, flush it, wipe his ass with it or donate it its his decision.
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Originally posted by THE REED™ View PostYes, it's an idiotic reply.
If I buy a drink at a bar, it's not a waste because I GOT SOMETHING TO DRINK IN RETURN.
I feel ****** just having to explain that.
Also....
Money burning or burning money is the purposeful act of destroying money. In the prototypical example, banknotes are destroyed by literally setting them on fire. Burning money decreases the wealth of the owner without directly enriching any particular party. However, according to the quantity theory of money, because it reduces the supply of money it increases the value of the remaining money, increasing (by roughly the same amount as the money burnt) the collective wealth of everyone else who holds money.
His actions only hurt himself whilst, arguably, enriching everyone who has a dime to their name.
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Originally posted by Cuauhtémoc1520 View PostHahaha, love this dude..
Lou DiBella @loudibella 24 Mar
RT @sean_@PaulMalignaggi Lou, you forgot "Handbag snatching"... RAN OUTTA LETTERS or would have added Vanilla Ice Rapping PUNK !!!
The last one is classic, I love DiBella, he's one of my favorite boxing personalities.
This is why I know Paulie visits this website alot.
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Originally posted by FeFist View PostWhat you just explained is not something I overlooked it is simply irrelevant. Yes you get something when you buy a drink at a bar but you are incorrectly assuming that Broner would get nothing from flushing money down a toilet. For his money he received attention and possibly a sense of satisfaction.
Also....
Money burning or burning money is the purposeful act of destroying money. In the prototypical example, banknotes are destroyed by literally setting them on fire. Burning money decreases the wealth of the owner without directly enriching any particular party. However, according to the quantity theory of money, because it reduces the supply of money it increases the value of the remaining money, increasing (by roughly the same amount as the money burnt) the collective wealth of everyone else who holds money.
Hence why I said post #31
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Economist Steven Landsburg proposes in The Armchair Economist that burning one's fortune (in paper money) is a form of philanthropy more egalitarian than deeding it to the United States Treasury.[1] In 1920, Thomas Nixon Carver wrote that dumping money into the sea is better for society than spending it wastefully, as the latter wastes the labor that it hires.[2]
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Originally posted by Big DunnAll of you need to get this thru your thick heads, Broner can do as he pleases with his disposable income. He earned and if he wants to burn it, flush it, wipe his ass with it or donate it its his decision.
If you dont like what broner did with his money step away from the keyboard, find a way to earn what broner does, and then after you pay your bills use your disposable income the way you choose.
Posted from Boxingscene.com App for Android
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Originally posted by FeFist View PostWhat you just explained is not something I overlooked it is simply irrelevant. Yes you get something when you buy a drink at a bar but you are incorrectly assuming that you or Broner would get nothing from flushing money down a toilet. For his money he received attention and possibly a sense of satisfaction.
Also....
Money burning or burning money is the purposeful act of destroying money. In the prototypical example, banknotes are destroyed by literally setting them on fire. Burning money decreases the wealth of the owner without directly enriching any particular party. However, according to the quantity theory of money, because it reduces the supply of money it increases the value of the remaining money, increasing (by roughly the same amount as the money burnt) the collective wealth of everyone else who holds money.
His actions only hurt himself whilst, arguably, enriching everyone who has a dime to their name.
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