Wealth Reality

Discussion in 'Economy' started by midcan5, Aug 23, 2012.

  1. midcan5
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    midcan5 liberal / progressive

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    Interesting. See also: BBC News - How Americans view wealth and inequality

    BBC News - The Wealth Gap - Inequality in Numbers


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    "This is when the Republican Party set its trap. Meeting in closed sessions at the beginning of the Obama regime, the party of tax cuts for the rich, unfunded wars, and the largest deficit in the history of the country redefined itself. It suddenly became the party of deficit reduction through lean government joined to supreme confidence in unregulated financial and corporate markets. It even opposed the bail out of General Motors and Chrysler, though these actions stopped unemployment from reaching a dangerous tipping point, allowed the two companies time to reconstruct themselves, and enabled them to pay back the loans within two years–-creating one of the most successful bailouts in the history of Euro-American economic life." The Contemporary Condition: The Republican Pincer Machine
     
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  2. Mr. H.
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    Mr. H. Diamond Member

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    The trouble with the Liberal mindset is that they think money equals wealth.
     
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  3. Norman
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    Norman Gold Member

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    When people think about this sort of stuff, they usually only include people their age in the comparison.

    People below 30 years don't necessarily have any wealth, they are in fact often indebted. Yet, because of that debt, helpful parents and their youth, their standard of living is actually decent.

    Also I think it's important to differentiate between standard of living(spendable income), wealth and income. Of course for most people wealth is mostly immaterial. Skills, health and stuff like that matter. Yet none of that shows up in any wealth calculator.
     
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  4. eflatminor
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    eflatminor Classical Liberal

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    The thing about wealth distribution that I find fascinating is comparing today to the bad old robber barron days. Over a hundred years ago, the sky was falling because the wealthiest Americans apparently controlled all the wealth. After over 100 years of Progressivism, the "problem" is worse! That's right, today's wealthiest own a greater percentage of the wealth than during the days of Carnegie and Morgan. So much for the effectiveness of your meddling...:lol:

    That said, I think the entire idea of wealth distribution is bullshit. It's not as though there is a finite pile of wealth from which everyone tries to get their piece. Wealth can be created or destroyed. Just because someone makes a ton for themselves does not mean someone else must make less.

    It's all bullshit to create class warfare.
     
  5. expat_panama
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    expat_panama Gold Member

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    --or so they say. I've seen a lot written about wealth and income distribution and I have never once seen any report ever say that things have actually gotten 'better'. Are we to believe that if we went back to the days of huge plantations and mass slavery that things would be 'better'?


    Maybe we should store that report in a place not subject to sunshine.
     
  6. eflatminor
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    eflatminor Classical Liberal

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    Who's talking about that? Quite the red herring there. Focus...
     
  7. EdwardBaiamonte
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    EdwardBaiamonte Platinum Member

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    Also, our poor have tons of wealth but its held by the government from which the government distributes welfare entitlements.

    Why would the poor have wealth on their own when the government supports or creates more and more people living off welfare entitlements ???
     
  8. Avorysuds
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    Avorysuds Gold Member

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    I guess this is proof that Progressive policies have failed? Or wait wait... Don't tell me it's that incredibly small limited Government we have that caused this....

    The prediction (and fact if you use history) is that if you give power/freedoms to Government than Government becomes corrupted. Communism and socialism work very well on paper but that’s because it assumes that you won’t have the evil people gain power and corrupt the system. That is of course looking over the fact that the advances in technology and so on dumb down to a snails pace in being created.

    You guys can't keep having it both ways... You can't get what you want and then 20-50 years later bitch about how everything is crap and blame it on something that we no longer have.
     
  9. Mr. H.
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    Mr. H. Diamond Member

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    I rest my case.
     
  10. Avorysuds
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    Avorysuds Gold Member

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    Yes, poor and even middle class people care less and less to create something or work hard (or literally even work in far to many cases) because welfare pays slightly worse but you don't even have to go to work.

    I should also comment that we have corporate welfare as well and it has caused the same problem, very poor products due to subsidies allowing a otherwise non competitive product to dominate markets because of Government.
     
    Last edited: Aug 25, 2012

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