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Old 07-18-2013, 11:15 AM  
Pawnmower Pawnmower is offline
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Wealth redistribution question

For those who think the upper class has too much % of wealth:

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if you redistribute wealth, and give everyone a net worth of say $100,000...

Then compare how everyone might manage that wealth

Lets say the bottom 20% of people might do very very poorly, be lazy, waste their money ,have an accident or legal issue, make a bad investment, get unlucky maybe ....lose their jobs or not get a decent job...have no kills....with an overall return that is very negative.

The second 20 % might do below average....making a few poor decisions , having portfolios that dont perform well, have below average jobs....and lets say their overall return is just slightly negative

The middle 20% lets call average. They have an OK job, an OK house, a decent wife a couple of shithead kids....etc....lets say their overall return is slightly positive

The penultimate 20% lets say is above average...they have good skills, allowing them to get a decent job. They have some natural ability with figures. They are thrifty, and save well. They stick to a budget. Some might even get lucky......and hit on a risky investment....some might have a relative die and inherit some money from them. Whatever. This 20% has a consistently above average overall return year after year.

The top 20% let us say is naturally gifted or trained in a special skill that is highly in demand. Perhaps a few get lucky like striking oil or minerals or going all in on some crazy investment or having an invention take off...or maybe an artist who becomes famous...but most are just some highly paid skill or job which requires a high degree of education. Maybe throw in a few geniuses who play markets and figure out the game. Lets say this population has a significantly / extremely higher than average return, year after year. And not only that, after a while when they build up enough assets, they hire people to manage their money and maximize their investments. They start companies and the companies make even more money. People they hire also make money for them.
Year after year, these people make an extremely higher than average return on investment.

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Questions:

Lets just say that the above was a scenario that we could default to, maybe it seems reasonable, maybe not (if not change the numbers and present a reasonable scenario)...If everyone started with $100,000 can anyone explain to me how say in 10 generations we wouldn't end up with an upper class having most of the wealth? How would we not end up with a lower class who depended on the upper class to provide everything? WHat do we do, "reset" it to some arbitrary number every x generations? Take money from people robin hood style?

I have no answers I have just been trying to think of solutions, and cant come up with any...
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Old 07-21-2013, 08:44 PM   #46
ClevelandBronco ClevelandBronco is offline
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Originally Posted by Pawnmower View Post
...the single biggest ****ing retard I have seen on ANY message board (mainly lately...for some reason)
It's probably only because Frankie was banned.
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Old 07-22-2013, 12:20 AM   #47
BucEyedPea BucEyedPea is offline
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Originally Posted by HolyHandgernade View Post
Government ended hunger in America before conservatives decided this should be solely be a charity endeavor. Results proved this.
Government ended hunger in America? Care to document that? Because I learned that people lived in dire conditions, such as filth,hunger and disease ( although the country was more agrarian) before the rise of capitalist markets where goods could be mass produced faster and mass distributed making them cheap enough for the masses to afford. It was due to the Industrial Revolution, that the middle-class appeared where there was more money to buy more variety of food instead of the "staple of life" known as bread. It wasn't govt. And I am not even sure it's completely ended. I mean, why are there so many lefty activists crying about ending hunger—even in America.

Furthermore, the statistics show a huge decline in poverty until the federal poverty programs and mass arrived at which point those numbers froze. This decline would have continued had the govt NOT been involved.

Strong economic growth provides the best chance of reducing hunger. Hunger is mainly a politically caused problem. Price farm supports keep food prices higher for instance. The Federal Reserve's ( a "central bank") monetary policies lead to inflation in food prices. By all means, use more govt.


Quote:
Some problems are too complex to succeed without a centralized organizing effort. Its not that charities don't do great work, its that their combined, yet disjointed efforts fall far short of the problem.
No it's the other way around. When problems are too complex (if they really are) a single centralized organizing effort is the worst way to handle it, for the simple reason that not everyone values or wants the exact same thing in the same way and the better feedback to make decisions is on the ground in each particular locale—not a centralize govt far away, less approachable and less aware of the dynamics and all the factors on the ground. It is just not possible for a single centralized govt to manage all the complexities in the market or players in it. It doesn't work because govt cannot efficiently allocate resources and it cannot calculate needs accurately. Only the people involved in the market can do that.
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Last edited by BucEyedPea; 07-22-2013 at 12:40 AM..
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Old 07-22-2013, 09:11 AM   #48
Direckshun Direckshun is offline
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Quote:
Originally Posted by Pawnmower View Post
You are a ****ing moron.

Let me spell it out for you in big letters.

"welfare" is but one type of wealth distribution.

So let me use my kindergarten words

Not all wealth distribution is "welfare"....wealth distribution is a more broad subject.

Like imagine my post was "hey guys, I have a question about silverware"

Then some douche bag pillowbitergot ass assbergers piece of shit runs in screaming "WHAT!!@@!! Why the **** do you wanna talk about forks!@@!!??? Thats not very insightful talking about FORKS!!!!"

You did the same exact thing, in reverse with your "brandy versus cognac" thread. You have the selfish audacity to make a post about how you dont like brandy but you like cognac when you are obviously full of shit......theyre the same thing...at least the can taste the exact same

You really think you are "insightful" man? REALLY?

You are the single biggest ****ing retard I have seen on ANY message board (mainly lately...for some reason)

Not sure what meds you changed up, but you really need to take more ritalin or whatever the **** your mommy stopped making sure you take.
This is a lot of hot air to simply say "my OP is just having fun with a meaningless hypothetical."
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