Home Mail MemberMap Chat (0) Wallpapers
Go Back   ChiefsPlanet > The Lounge > D.C.

Reply
 
Thread Tools Display Modes
Old 07-18-2013, 11:15 AM  
Pawnmower Pawnmower is offline
MVP
 
Pawnmower's Avatar
 
Join Date: Apr 2010
Location: Northern California
Casino cash: $100
Wealth redistribution question

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

------------------------
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.

-----------
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...
Posts: 13,174
Pawnmower < CasselPawnmower < CasselPawnmower < CasselPawnmower < CasselPawnmower < CasselPawnmower < CasselPawnmower < CasselPawnmower < CasselPawnmower < CasselPawnmower < CasselPawnmower < Cassel
  Reply With Quote
Old 07-18-2013, 11:18 AM   #2
King_Chief_Fan King_Chief_Fan is offline
Praise Him
 
King_Chief_Fan's Avatar
 

Join Date: Aug 2000
Location: St. Louis MO
Casino cash: $62120
It has been proven many times that people who win the lottery don't know what to do with what they got and are now flat busted....let's forget the idea of giving people stuff
__________________
Ephesians 2:8-10

English Standard Version (ESV)

8 For by grace you have been saved through faith. And this is not your own doing; it is the gift of God, 9 not a result of works, so that no one may boast. 10 For we are his workmanship, created in Christ Jesus for good works, which God prepared beforehand, that we should walk in them.
Posts: 8,140
King_Chief_Fan Forgot to Remove His Claytex and Got Toxic Shock Syndrome.King_Chief_Fan Forgot to Remove His Claytex and Got Toxic Shock Syndrome.King_Chief_Fan Forgot to Remove His Claytex and Got Toxic Shock Syndrome.King_Chief_Fan Forgot to Remove His Claytex and Got Toxic Shock Syndrome.King_Chief_Fan Forgot to Remove His Claytex and Got Toxic Shock Syndrome.King_Chief_Fan Forgot to Remove His Claytex and Got Toxic Shock Syndrome.King_Chief_Fan Forgot to Remove His Claytex and Got Toxic Shock Syndrome.King_Chief_Fan Forgot to Remove His Claytex and Got Toxic Shock Syndrome.King_Chief_Fan Forgot to Remove His Claytex and Got Toxic Shock Syndrome.King_Chief_Fan Forgot to Remove His Claytex and Got Toxic Shock Syndrome.King_Chief_Fan Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
  Reply With Quote
Old 07-18-2013, 11:19 AM   #3
Pawnmower Pawnmower is offline
MVP
 
Pawnmower's Avatar
 

Join Date: Apr 2010
Location: Northern California
Casino cash: $100
Quote:
Originally Posted by King_Chief_Fan View Post
It has been proven many times that people who win the lottery don't know what to do with what they got and are now flat busted....let's forget the idea of giving people stuff
Well thats sort of my point....even if we give everyone the same stuff , wont some people do better and some **** up their stuff?
__________________
**** Left CP 9-4-2013 **** Mod Harassment, requested by a more "in" user
Posts: 13,174
Pawnmower < CasselPawnmower < CasselPawnmower < CasselPawnmower < CasselPawnmower < CasselPawnmower < CasselPawnmower < CasselPawnmower < CasselPawnmower < CasselPawnmower < CasselPawnmower < Cassel
  Reply With Quote
Old 07-18-2013, 11:20 AM   #4
loochy loochy is offline
That's what she said.
 
loochy's Avatar
 

Join Date: Oct 2008
Location: TECKSIS
Casino cash: $440833738
What you need to do is continually take the money from the successful ones and give it to the tarded ones. Then we can always be equal.
__________________
Quote:
Originally Posted by big nasty kcnut View Post
yeah i may be a retard but I'll be the one banging your girlfriend when you're out with your friends.
Posts: 17,833
loochy is obviously part of the inner Circle.loochy is obviously part of the inner Circle.loochy is obviously part of the inner Circle.loochy is obviously part of the inner Circle.loochy is obviously part of the inner Circle.loochy is obviously part of the inner Circle.loochy is obviously part of the inner Circle.loochy is obviously part of the inner Circle.loochy is obviously part of the inner Circle.loochy is obviously part of the inner Circle.loochy is obviously part of the inner Circle.
  Reply With Quote
Old 07-18-2013, 11:21 AM   #5
Pawnmower Pawnmower is offline
MVP
 
Pawnmower's Avatar
 

Join Date: Apr 2010
Location: Northern California
Casino cash: $100
Quote:
Originally Posted by loochy View Post
What you need to do is continually take the money from the successful ones and give it to the tarded ones. Then we can always be equal.


sheare geniousosity
__________________
**** Left CP 9-4-2013 **** Mod Harassment, requested by a more "in" user
Posts: 13,174
Pawnmower < CasselPawnmower < CasselPawnmower < CasselPawnmower < CasselPawnmower < CasselPawnmower < CasselPawnmower < CasselPawnmower < CasselPawnmower < CasselPawnmower < CasselPawnmower < Cassel
  Reply With Quote
Old 07-18-2013, 11:21 AM   #6
loochy loochy is offline
That's what she said.
 
loochy's Avatar
 

Join Date: Oct 2008
Location: TECKSIS
Casino cash: $440833738
Quote:
Originally Posted by Pawnmower View Post
Actually, let's just scrap the idea of money and let the government give us what we need. Then we have TRUE equality.
__________________
Quote:
Originally Posted by big nasty kcnut View Post
yeah i may be a retard but I'll be the one banging your girlfriend when you're out with your friends.
Posts: 17,833
loochy is obviously part of the inner Circle.loochy is obviously part of the inner Circle.loochy is obviously part of the inner Circle.loochy is obviously part of the inner Circle.loochy is obviously part of the inner Circle.loochy is obviously part of the inner Circle.loochy is obviously part of the inner Circle.loochy is obviously part of the inner Circle.loochy is obviously part of the inner Circle.loochy is obviously part of the inner Circle.loochy is obviously part of the inner Circle.
  Reply With Quote
Old 07-18-2013, 11:22 AM   #7
Detoxing Detoxing is offline
Dyslexic Speed Reader
 
Detoxing's Avatar
 

Join Date: Mar 2005
Location: San Diego
Casino cash: $449758050
Quote:
Originally Posted by Pawnmower View Post
Well thats sort of my point....even if we give everyone the same stuff , wont some people do better and some **** up their stuff?
Yes.

Is that what this thread is about?

Because i think most people are in agreement about this.
Posts: 18,691
Detoxing has an IQ even higher than Frankie's.Detoxing has an IQ even higher than Frankie's.Detoxing has an IQ even higher than Frankie's.Detoxing has an IQ even higher than Frankie's.Detoxing has an IQ even higher than Frankie's.Detoxing has an IQ even higher than Frankie's.Detoxing has an IQ even higher than Frankie's.Detoxing has an IQ even higher than Frankie's.Detoxing has an IQ even higher than Frankie's.Detoxing has an IQ even higher than Frankie's.Detoxing has an IQ even higher than Frankie's.
  Reply With Quote
Old 07-18-2013, 11:22 AM   #8
Detoxing Detoxing is offline
Dyslexic Speed Reader
 
Detoxing's Avatar
 

Join Date: Mar 2005
Location: San Diego
Casino cash: $449758050
Quote:
Originally Posted by loochy View Post
Actually, let's just scrap the idea of money and let the government give us what we need. Then we have TRUE equality.
You should give me your car.
Posts: 18,691
Detoxing has an IQ even higher than Frankie's.Detoxing has an IQ even higher than Frankie's.Detoxing has an IQ even higher than Frankie's.Detoxing has an IQ even higher than Frankie's.Detoxing has an IQ even higher than Frankie's.Detoxing has an IQ even higher than Frankie's.Detoxing has an IQ even higher than Frankie's.Detoxing has an IQ even higher than Frankie's.Detoxing has an IQ even higher than Frankie's.Detoxing has an IQ even higher than Frankie's.Detoxing has an IQ even higher than Frankie's.
  Reply With Quote
Old 07-18-2013, 11:23 AM   #9
loochy loochy is offline
That's what she said.
 
loochy's Avatar
 

Join Date: Oct 2008
Location: TECKSIS
Casino cash: $440833738
Quote:
Originally Posted by Detoxing View Post
You should give me your car.
no, i should give my car to obama and let him decide who to give it to.
__________________
Quote:
Originally Posted by big nasty kcnut View Post
yeah i may be a retard but I'll be the one banging your girlfriend when you're out with your friends.
Posts: 17,833
loochy is obviously part of the inner Circle.loochy is obviously part of the inner Circle.loochy is obviously part of the inner Circle.loochy is obviously part of the inner Circle.loochy is obviously part of the inner Circle.loochy is obviously part of the inner Circle.loochy is obviously part of the inner Circle.loochy is obviously part of the inner Circle.loochy is obviously part of the inner Circle.loochy is obviously part of the inner Circle.loochy is obviously part of the inner Circle.
  Reply With Quote
Old 07-18-2013, 11:25 AM   #10
Pawnmower Pawnmower is offline
MVP
 
Pawnmower's Avatar
 

Join Date: Apr 2010
Location: Northern California
Casino cash: $100
Quote:
Originally Posted by Detoxing View Post
Yes.

Is that what this thread is about?

Because i think most people are in agreement about this.
Maybe "most" are, I would hope so.....

But I know people who are not...I know people who aren't happy with equal opportunity,.....they want equality in the outcome as well.

I'm glad you haven't had to talk to or deal with one of those people.
__________________
**** Left CP 9-4-2013 **** Mod Harassment, requested by a more "in" user
Posts: 13,174
Pawnmower < CasselPawnmower < CasselPawnmower < CasselPawnmower < CasselPawnmower < CasselPawnmower < CasselPawnmower < CasselPawnmower < CasselPawnmower < CasselPawnmower < CasselPawnmower < Cassel
  Reply With Quote
Old 07-18-2013, 12:30 PM   #11
Prison Bitch Prison Bitch is offline
The Bitch is back
 
Prison Bitch's Avatar
 

Join Date: Nov 2012
Location: Lees summit
Casino cash: $79533
From my experience, the pay levels at companies I've worked for have been too even. I.e., the leader of a group makes 95k and others make 30-50 and the leader is 10x more valuable.
Posts: 12,339
Prison Bitch is too fat/Omaha.Prison Bitch is too fat/Omaha.Prison Bitch is too fat/Omaha.Prison Bitch is too fat/Omaha.Prison Bitch is too fat/Omaha.Prison Bitch is too fat/Omaha.Prison Bitch is too fat/Omaha.Prison Bitch is too fat/Omaha.Prison Bitch is too fat/Omaha.Prison Bitch is too fat/Omaha.Prison Bitch is too fat/Omaha.
  Reply With Quote
Old 07-18-2013, 01:39 PM   #12
Amnorix Amnorix is offline
In BB I trust
 
Amnorix's Avatar
 

Join Date: May 2003
Location: Boston, Mass.
Casino cash: $212528
Quote:
Originally Posted by Prison Bitch View Post
From my experience, the pay levels at companies I've worked for have been too even. I.e., the leader of a group makes 95k and others make 30-50 and the leader is 10x more valuable.

Right! Wealth in America is clearly not sufficiently concentrated!! That's the problem we should be addressing!
__________________
"I love signature blocks on the Internet. I get to put whatever the hell I want in quotes, pick a pretend author, and bang, it's like he really said it." George Washington
Posts: 32,928
Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.
  Reply With Quote
Old 07-18-2013, 01:45 PM   #13
Dunerdr Dunerdr is offline
Veteran
 
Dunerdr's Avatar
 

Join Date: Oct 2012
Casino cash: $23019
Waiting for liberals to chime in and explain why your wrong....
__________________

Adopt-A-Chief- Hussain Abdullah
Posts: 1,346
Dunerdr would the whole thing.Dunerdr would the whole thing.Dunerdr would the whole thing.Dunerdr would the whole thing.Dunerdr would the whole thing.Dunerdr would the whole thing.Dunerdr would the whole thing.Dunerdr would the whole thing.Dunerdr would the whole thing.Dunerdr would the whole thing.Dunerdr would the whole thing.
  Reply With Quote
Old 07-18-2013, 02:23 PM   #14
Ace Gunner Ace Gunner is offline
First Overall
 
Ace Gunner's Avatar
 

Join Date: Jan 2011
Location: kcmo
Casino cash: $11021583
that's not a question -- that's a novel
__________________
two five
Posts: 10,383
Ace Gunner is too fat/Omaha.Ace Gunner is too fat/Omaha.Ace Gunner is too fat/Omaha.Ace Gunner is too fat/Omaha.Ace Gunner is too fat/Omaha.Ace Gunner is too fat/Omaha.Ace Gunner is too fat/Omaha.Ace Gunner is too fat/Omaha.Ace Gunner is too fat/Omaha.Ace Gunner is too fat/Omaha.Ace Gunner is too fat/Omaha.
  Reply With Quote
Old 07-18-2013, 03:19 PM   #15
Loneiguana Loneiguana is offline
Veteran
 
Loneiguana's Avatar
 

Join Date: Nov 2012
Location: Springfield
Casino cash: $32916
Yes, the answer is wealth redistribution. That is what all liberals want.



All those other times in American History where income inequality was not at third world despot levels, like today, was totally because of wealth redistribution.
__________________
"Most of us can, as we choose, make of this world either a palace or a prison."
–John Lubbock
Posts: 3,601
Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.
  Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump


All times are GMT -6. The time now is 01:28 AM.


Powered by vBulletin® Version 3.8.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.