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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 07-18-2013, 03:21 PM   #16
BucEyedPea BucEyedPea is offline
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Quote:
Originally Posted by Loneiguana View Post
Yes, the answer is wealth redistribution. That is what all socialists/communists 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.
FYP And liberals, real ones, do not support such ideas. The solution is to prevent favored corporations from using govt to benefit themselves by reducing competition, to not pass laws handing markets to them without serving consumers with excellent goods at an affordable price, and de-cartelizing the banking industry starting with abolishing the Federal Reserve. This is how these few, accumulate wealth so easily and at most of the people's expense or harm. But markets get the blame.

A solid unerstanding of real free-markets is all that's needed to cure this fascination with socialism which is just the dictatorship phase before communism.
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Old 07-18-2013, 03:33 PM   #17
Amnorix Amnorix is offline
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Quote:
Originally Posted by Dunerdr View Post
Waiting for liberals to chime in and explain why your wrong....

Wrong about what? He's not really making an argument, he's just posing a hypothetical. He's not right or wrong about anything. he has alot of assumptions baked in, some explicit and some implicit. Responding in a thoughtful way would take a book.

I have no problem with uneven outcomes. Balanced outcomes are impossible to create, and history has shown that efforts to create such a result (communism) end in miserable failure.
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Old 07-18-2013, 03:34 PM   #18
Amnorix Amnorix is offline
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Quote:
Originally Posted by BucEyedPea View Post
FYP And liberals, real ones, do not support such ideas. The solution is to prevent favored corporations from using govt to benefit themselves by reducing competition, to not pass laws handing markets to them without serving consumers with excellent goods at an affordable price, and de-cartelizing the banking industry starting with abolishing the Federal Reserve. This is how these few, accumulate wealth so easily and at most of the people's expense or harm. But markets get the blame.

A solid unerstanding of real free-markets is all that's needed to cure this fascination with socialism which is just the dictatorship phase before communism.

I could go on and on, but let me use a shortcut.

This post is a fine example of your many stupid posts.
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Old 07-18-2013, 03:57 PM   #19
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Quote:
Originally Posted by Amnorix View Post
Wrong about what? He's not really making an argument, he's just posing a hypothetical. He's not right or wrong about anything. he has alot of assumptions baked in, some explicit and some implicit. Responding in a thoughtful way would take a book.

I have no problem with uneven outcomes. Balanced outcomes are impossible to create, and history has shown that efforts to create such a result (communism) end in miserable failure.
THIS
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Old 07-18-2013, 04:02 PM   #20
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Quote:
Originally Posted by Loneiguana View Post
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.
I'm not saying either of those things.....SO you kind of set up a straw man for yourself to fight...


I didn't blame any of today's problems TOTALLY on wealth distribution....

Nor did I say that was all "liberals" wanted....


I was just asking some questions......but if your pussy is so sore that you can't handle a little girthy questioning maybe you should go back to the lounge and rest your **** a few days, mary.
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Old 07-19-2013, 12:32 AM   #21
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I think everyones wealth should be equally distributed to me, notice I said equally.
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Old 07-19-2013, 04:18 AM   #22
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Old 07-19-2013, 06:35 AM   #23
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Old 07-19-2013, 07:37 AM   #24
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Old 07-19-2013, 07:38 AM   #25
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Quote:
Originally Posted by Pawnmower View Post
I'm not saying either of those things.....SO you kind of set up a straw man for yourself to fight...


I didn't blame any of today's problems TOTALLY on wealth distribution....

Nor did I say that was all "liberals" wanted....


I was just asking some questions......but if your pussy is so sore that you can't handle a little girthy questioning maybe you should go back to the lounge and rest your **** a few days, mary.
Yes, I can't handle a stupid question based off of nothing that anybody wants to do in the country, nor even if anyone did, would ever happen.

Pat yourself on the back.
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Old 07-19-2013, 07:45 AM   #26
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There can be no income equality without education equality. And we have a permanent underclass of perhaps 20% of our population that is uneducated, completely. They are pretty much incapable of earning a decent wage or being consistently employed. Essentially, they've become wards of the state.
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Old 07-19-2013, 07:47 AM   #27
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I think those very wealthy left leaning visionaries with a ton of money should lead by example and begin redistributing their wealth. Lead by example.

John Kerry has a ton of cash - keep 20% and move the rest around. Same for Buffet, Gates, all the rest. Do it if you really believe it.
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Old 07-19-2013, 07:57 AM   #28
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Liberals are well-known for giving less to charity than conservatives. Studies prove this.
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Old 07-19-2013, 08:08 AM   #29
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Originally Posted by Prison Bitch View Post
There can be no income equality without education equality. And we have a permanent underclass of perhaps 20% of our population that is uneducated, completely. They are pretty much incapable of earning a decent wage or being consistently employed. Essentially, they've become wards of the state.
Allowing education to be based off of income (Property Taxes) might have something to do with this.
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Old 07-19-2013, 08:43 AM   #30
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Quote:
Originally Posted by Loneiguana View Post
Allowing education to be based off of income (Property Taxes) might have something to do with this.
Do you have a chart or graph showing per-child education spending over past 50years?
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