study wealth distribution: Gains of wealthy hurts the rest

[Warrior102]

PERI: : Searching for the Supposed Benefits of Higher Inequality: Impacts of Rising Top Shares on the Standard of Living of Low and Middle-Income Families



The results of this study indicate that increases in the top share of income (whether of the top 10 percent or top one percent) lead to declines in the actual incomes (and earnings) of low and middle income households.

The rich are spreading their wealth -

You're spreading stupidity

 

[Skull Pilot]

No, maybe you should read the study instead of insulting people with fake questions.

You stated that wealth is a zero sum game not me.

Maybe you ought to learn what zero sum actually means.

 

[Truthmatters]

You dont watn to learn anything you want to try and deny what the study found without even knowing what it says.

 

[Skull Pilot]

You dont watn to learn anything you want to try and deny what the study found without even knowing what it says.

Zero Sum Game: A situation in which one participant's gains result only from another participant's equivalent loss.

So by your own, albeit incorrect definition, any monetary gains I have made resulted from an equivalent loss by someone else either singularly or collectively.

 

[Truthmatters]

We ask instead whether or not greater inequality raises
the standard of living of non-affluent households. Using
state data on income levels and the distribution of income,
we examine the impacts of increases in the
share of income going to the top 10% and top 1% of the
income distribution since the late 1970s on the incomes
of middle and low-income households. We find
that the income of low and middle-income households
falls as the disparity in incomes rises. These findings
are consistent even with research showing higher inequality
leads to greater overall economic growth. 2

 

[Truthmatters]

Lower standards of living is the reward our society recieves from allowing wealth to further and further concentrate into a smaller and smaller pool of individuals.


Letting the wealthy keep getting wealthier does NOTHING but harm EVERYONE else.

 

[Skull Pilot]

We ask instead whether or not greater inequality raises
the standard of living of non-affluent households. Using
state data on income levels and the distribution of income,
we examine the impacts of increases in the
share of income going to the top 10% and top 1% of the
income distribution since the late 1970s on the incomes
of middle and low-income households. We find
that the income of low and middle-income households
falls as the disparity in incomes rises. These findings
are consistent even with research showing higher inequality
leads to greater overall economic growth. 2

That is not the definition of zero sum.

Are you changing your position now?

 

[Warrior102]

Lower standards of living is the reward our society recieves from allowing wealth to further and further concentrate into a smaller and smaller pool of individuals.


Letting the wealthy keep getting wealthier does NOTHING but harm EVERYONE else.

Grow a brain, get a grad degree, a job, and work your ass off.

What's the problem with doing that vs. expecting a handout.

You're what's WRONG with this nation, in addition to be a driveling idiot.

 

[Bern80]

NO MORE BULLSHIT about it not being a zero sum game.

it is

Is there a finite amount of money?

 

[Truthmatters]

so you suggest that EVERYONE get a grad degree?

 

[Truthmatters]

NO MORE BULLSHIT about it not being a zero sum game.

it is

Is there a finite amount of money?

No they can print more.

WEALTH is what we are talking.

Assets.

there is only so many assests any country has.

 

[Skull Pilot]

NO MORE BULLSHIT about it not being a zero sum game.

it is

Is there a finite amount of money?

No they can print more.

WEALTH is what we are talking.

Assets.

there is only so many assests any country has.

Wrong again.

Unless of course you are getting the definition of assets from the same place you got your definition of zero sum

 

[Truthmatters]

You all have claimed for years now that when the wealthy gain assets the middle class gain assests right?


These guys just proved that is not true.

 

[Skull Pilot]

You all have claimed for years now that when the wealthy gain assets the middle class gain assests right?


These guys just proved that is not true.

Excuse me but if i buy X shares of stock and someone else buys Y shares of the same stock then by your definition X+Y number of shares must be taken from someone else.

You are wrong. Both people increased their assets and no one had any assets taken from them.

 

[Truthmatters]

the person who sold it to you no longer has it.

Why dont you try reading the study and then telling me what you think about the real study?

 

[Warrior102]

so you suggest that EVERYONE get a grad degree?

It helps, in addition to the other things I suggested.

Oh yes - be creative and think for yourself too. And work long hours.

 

[Truthmatters]

so you suggest that EVERYONE get a grad degree?

It helps, in addition to the other things I suggested.

Oh yes - be creative and think for yourself too. And work long hours.

How much does a grad degree cost?

what would be the value of a grad degree if EVERY worker had one?

 

[California Girl]

You all have claimed for years now that when the wealthy gain assets the middle class gain assests right?


These guys just proved that is not true.

Oh.

Dear.

Gawd.

You really are beyond dumb. Seriously. You have proven - time and again - that you don't even have a basic understanding of how to read academic research.

 

[Zoom-boing]

Excuse me but if i buy X shares of stock and someone else buys Y shares of the same stock then by your definition X+Y number of shares must be taken from someone else.

You are wrong. Both people increased their assets and no one had any assets taken from them.

the person who sold it to you no longer has it.

Why dont you try reading the study and then telling me what you think about the real study?

You believe that 'selling' is the same as 'taking from'?

You're bon-a-fide moron.

 

[Truthmatters]

so is that what the study says Cali?

You didnt evern read the study or have a clue what it saiud huh?