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Author Topic:   Wealth Distribution in the USA
foreveryoung
Member (Idle past 697 days)
Posts: 921
Joined: 12-26-2011


Message 12 of 531 (699344)
05-17-2013 7:08 PM


If each of the 5 income quintiles held exactly the same amount of wealth through force...aka taxation, how do you think the standard of living would fare through time. I'm not talking about immediately after the wealth was removed from the upper brackets; I'm talking about after several decades of such removal.

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foreveryoung
Member (Idle past 697 days)
Posts: 921
Joined: 12-26-2011


Message 21 of 531 (699361)
05-17-2013 11:55 PM
Reply to: Message 13 by Panda
05-17-2013 7:35 PM


I was thinking about a reduction in the standard of living. But hasn't iceland always had the same distribution of wealth?

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foreveryoung
Member (Idle past 697 days)
Posts: 921
Joined: 12-26-2011


Message 22 of 531 (699362)
05-18-2013 12:09 AM
Reply to: Message 15 by jar
05-17-2013 8:59 PM


Re: Tax and Force are not synonymous
The experience though is that when the disparity between the richest and poorest are minimized the standard of living goes up. This has held true in almost ever case.
Are you sure it isn't the other way around? Doesn't the disparity between richest and poorest become less when the standard of living goes up? Can you show me a time in american history when the disparity between rich and poor was achieved through taxation and resulted in an improved standard of living?

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foreveryoung
Member (Idle past 697 days)
Posts: 921
Joined: 12-26-2011


Message 476 of 531 (701548)
06-20-2013 9:06 PM


There are two ways that money goes into the economy. One is through spending on products and services and the other is through investments in those who provide products and services. I venture that most government expenditures go into the economy via the first route. I also venture that business profits go into the economy via the second route. Even those profits that go into offshore tax shelters go into some countries economy via the second route. Everyone here seems to agree that this is a global economy, so helping another countries economy also helps ours.
The opinion of some here seems to be that the best way to help the economy is by pumping money into it via the first route and preferably via the government. If this is true, why isn't giving everyone a guaranteed annual income of 40,000 dollars adjusted annually for inflation the best way to help the economy?

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foreveryoung
Member (Idle past 697 days)
Posts: 921
Joined: 12-26-2011


Message 479 of 531 (701551)
06-20-2013 9:27 PM
Reply to: Message 478 by jar
06-20-2013 9:12 PM


Do you agree with it?

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foreveryoung
Member (Idle past 697 days)
Posts: 921
Joined: 12-26-2011


Message 483 of 531 (701556)
06-20-2013 10:03 PM
Reply to: Message 482 by jar
06-20-2013 10:01 PM


deleted
Edited by foreveryoung, : No reason given.

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foreveryoung
Member (Idle past 697 days)
Posts: 921
Joined: 12-26-2011


Message 484 of 531 (701557)
06-20-2013 10:10 PM
Reply to: Message 480 by jar
06-20-2013 9:44 PM


Re: minimum annual income.
So, you do agree with a minimum annual income. You have already stated that money spent on good and services is the way to help the economy and the best source of that money is through government expenditure. If you really want to help the economy why not provide everyone with money to be able to own a 3 bedroom home in a nice neighborhood and 2 cars that are never more than 2 years old?
I see your provisos that should be done before everyone is given free cash though. For arguments sake, lets let those be done as well.

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 Message 480 by jar, posted 06-20-2013 9:44 PM jar has replied

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foreveryoung
Member (Idle past 697 days)
Posts: 921
Joined: 12-26-2011


Message 502 of 531 (701680)
06-23-2013 9:24 PM
Reply to: Message 498 by jar
06-22-2013 7:53 AM


Re: Let's look at the reality of "big" government.
But, if you don't pay your taxes, you go to jail. This may not be at the point of a gun but that is metaphor anyway.

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foreveryoung
Member (Idle past 697 days)
Posts: 921
Joined: 12-26-2011


Message 503 of 531 (701681)
06-23-2013 9:29 PM
Reply to: Message 485 by jar
06-20-2013 10:25 PM


Re: minimum annual income.
I did read what you wrote. What you intended to communicate and what was actually understood are two different things. My understanding from what you wrote is that spending is what stimulates an economy and that corporate profits siphon off money and direct it away from the economy in an unproductive manner. I realize that you didn't say government but that is the source of spending if you don't want to include evil corporations or the evil monied class.

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