The "TRUTH" about "Wealth Distribution".

Discussion in 'Economy' started by rdean, Dec 19, 2010.

  1. rdean
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    rdean Guest

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    Americans Are Horribly Misinformed About Who Has Money

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    The top row shows the actual distribution of wealth in America. The richest 20 percent, represented by that blue line, has about 85 percent of the wealth. The next richest 20 percent, represented by that red line, has about 10 percent of the wealth. And the remaining three-fifths of America shares a tiny sliver of the country's wealth.

    Below that, the "Estimated" rows show how different groups think wealth is distributed.

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    If people have no money, then the economy will NOT expand. It's just that simple. All the tax breaks in the world don't mean anything if you don't have a job.

    What are some suggestions on nation building. Not building Iraq or China, but "THIS" nation. The most important nation. Home.
     
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  2. Mad Scientist
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    Mad Scientist Feels Good! Gold Supporting Member Supporting Member

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    Wealth Distribution/Redistribution = Code for Socialism/Communism.

    Taking 1/6th of the economy and placing it under government control (ObamaCare) won't help.

    Reduce the size and scope of government. Conservatives pay less taxes, Liberals get the troops out of Iraq and Afghanistan. It's a win/win situation.
     
  3. Oddball
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    Wealth isn't distributed...It's earned and accumulated, despite gubmint's best efforts to expropriate as much of it as possible.
     
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  4. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Yes, but what percent of scientists are Republicans?
     
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  5. Big Fitz
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    Hey Hairnet... you ducked out on my question in another thread, but since it is still appropriate here again I ask:

    At what point does a person's property stop being theirs and become the government's property? Or now in this framing YOUR property?

    What did you do to EARN someone elses property?

    Jason Lewis the other day put this example to better visual accuity. He pointed out that Government right now believes itself entitled to about 20% of the average wage earner's pay. So, does the government believe that 20% of your house is theirs? It must if 20% of your income is theirs. Which rooms would it take? Or what days does it get to open your house to the public?

    The absurdity that you don't own what you earn is palpable. (that means you can feel it, Hairnet.) The government has no ownership of your property. It takes what is not theirs to give to those who have not earned.
     
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  6. hortysir
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    I think, these days, it's $250K
    :eusa_whistle:

    I'm not understanding the fascination with who has how much.
    Isn't wealth accumulation core to the "American Dream"?
     
  7. loosecannon
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    earnings and accumulation are other forms of redistribution. That's a fact, Jack.
     
  8. Oddball
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    Wrong, tovarich.

    Earned and accumulated wealth comes from volition in a free and decentralized marketplace.

    "Distribution" presumes a central point from which things are distributed, along with a central distributor....That's a fact of linguistics, jack.

    The further fact that envious and covetous control freaks like you long to be said central distributors, doesn't change the meanings of words.
     
  9. Samson
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    OK "other forms of redistribution."

    "Redistribution" based on competition between enterprises that drives up quality and drives down cost.
     
  10. Big Fitz
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    Economics is a form of DISTRIBUTION based on trade value which is the core of societal existence. Value for value and both parties gain. RE-DISTRIBUTION is not a value for value exchange. It is a gain/loss without intrinsic value but political motivation where one party is penalized for another party's gain. It is inherently unfair.
     
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