Any conservatives concerned with growing wealth discrepancy? | Page 2 | TigerDroppings.com

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Francis Marion
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re: Any conservatives concerned with growing wealth discrepancy?


quote:

Any conservatives concerned with growing wealth discrepancy?


no






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dewster
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Member since Aug 2006
9104 posts

re: Any conservatives concerned with growing wealth discrepancy?


I'm concerned with the achievement gap.

As a conservative, my approach to dealing with this problem isn't redistribution through taxation.....that would just be attacking the symptoms and actually contributes to a serious social and cultural problem in our country.

We have an educational crisis in this country that contributes to this gap, and I think public education is the civil rights issue of our time. I disagree completely with maintaining the status quo in this area, as it has proven to be a complete failure.



This post was edited on 12/11 at 1:19 pm


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Radiojones
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re: Any conservatives concerned with growing wealth discrepancy?


quote:

I believe we get a great ROI


Please give some examples.






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Ace Midnight
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re: Any conservatives concerned with growing wealth discrepancy?


quote:

How many times and how often do you tax wealth? Do you just annually come in and take a certain percentage of people's stuff until they don't have more than their neighbors?


I think that's why there isn't one - because of the logistics of doing it.

A consumption tax with a fixed rebate could do it, as wealthy people tend to spend more (and you would tax it at accumulation, rather than an annual, accounting basis, which would be quite expensive). However, I would not be in favor of a consumption tax on top of an income tax. I'm an either/or, and I actually think either a flat tax (with a standard rebate), OR a national consumption tax (with a standard rebate), could be done in a way that is relatively transparent, conducive to growth, non-regressive.

Neither will happen, because it would deprive the Feds of the ability to meddle in people's lives under the guise of tax policy.






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Taxing Authority
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Houston
Member since Feb 2010
22901 posts

re: Any conservatives concerned with growing wealth discrepancy?


quote:

Any conservatives concerned with growing wealth discrepancy?
No. Why should we be concerned? It doesn't tell you anything. It's a mathematically indeterminant measure.

Let me give you an example.

Thibodeaux and Boudreaux start in year 1 with $5000 each. So each have 50% of the wealth. Ten years later, Thibodeaux has 90% of the wealth. Is Boudreaux richer? Or poorer?



This post was edited on 12/11 at 1:23 pm


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Diamondawg
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Mississippi
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11200 posts

re: Any conservatives concerned with growing wealth discrepancy?


quote:

Please give some examples.

I am sure there has been plenty of waste over the years but I would like to think the space program has been a good investment from what all has evolved from it.






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Ace Midnight
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re: Any conservatives concerned with growing wealth discrepancy?


quote:

I am sure there has been plenty of waste over the years but I would like to think the space program has been a good investment from what all has evolved from it.


The interstate highway system would be another. Sadly, goverment isn't terribly efficient and cost is rarely a paramount concern (although always an issue), and these examples are exceptions the prove the rule.

Buying people groceries and paying their rent has only increased the number of people for whom groceries have to be purchased and rent has to be paid. That is textbook human behavior.






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MFn GIMP
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Owensboro, Kentucky
Member since Feb 2011
8621 posts

re: Any conservatives concerned with growing wealth discrepancy?


quote:

I just see a big gap where it didn't exist before and it concerns me regarding the viability of the nation

A wealth gap is meaningless as long as everyones income is going up.

ETA: Think about it, Let's say one person has assets of $10 million and another is sitting at $200k. If both see an increase of 5% over a fixed period of time that $9.8 million gap increases to $10.29 million even though both people saw their wealth increase by the same %.

It's simple math.



This post was edited on 12/11 at 1:34 pm


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Jax-Tiger
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Member since Jan 2005
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re: Any conservatives concerned with growing wealth discrepancy?


quote:

I see them as a balancing force of good for private entities.


Good in who's opinion? Are you trying to say "Fair"?






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Antonio Moss
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Baton Rouge
Member since Mar 2006
28907 posts

re: Any conservatives concerned with growing wealth discrepancy?


quote:

Is the growing gap in wealth any reason for concern?


It would be if the people with the wealth remained the same as it did under oligarchies.

By biggest concern is the wealth gained at the top due to Corportism.






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AngryBeavers
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re: Any conservatives concerned with growing wealth discrepancy?


quote:

Find a way to tax wealth versus income and this will go away.


So will all the millionaires and billionaires... They don't have to live in a place that takes away their wealth.






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BugAC
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Member since Oct 2007
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re: Any conservatives concerned with growing wealth discrepancy?


quote:

Nope. Wealth is not finite. Those without wealth are perfectly capable of obtaining wealth. Just because you have a rich person, doesn't mean that there must always be a poor person. People's station in life is their own fault. And until "middle of the road democrats" realize that you are responsible to yourself and your family and no one else, then you will always want "justice" for those without, by stealing from those with.



And to add to my statement (above). There should be no excuse for anyone to be poor unless you are disabled. We have enough entitlement programs that are meant to be temporary assistance until those people can get back to work. With this and affirmative action and numerous other handouts, all you are doing is just wanting more.

You don't care about wealth discrepency, you care about being greedy and taking more from those that produce in this country. Welfare was meant to help people, not to be a dependency system.






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Patrick O Rly
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y u do dis?
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re: Any conservatives concerned with growing wealth discrepancy?


quote:

Although I often struggle with my beliefs there is no convincing me that the free market, unobstructed and deregulated, will take care of itself.


First off, regulation protects those established in any given industry from competition way more than it protects consumers, which also makes the cost of business go up, which oops, get's passed to the consumer.

Two, I'm not sure I've heard anyone say that those operating in the free market should be free from liability of harm to it's customers or a third party. Most libertarians believe that's one of the few legitimate functions of the government (courts in this case).







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KT70
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Baton Rouge
Member since Jun 2011
1272 posts

re: Any conservatives concerned with growing wealth discrepancy?


quote:

I am a good old fashioned middle of the road democrat.


No such a thing anymore.






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Ace Midnight
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re: Any conservatives concerned with growing wealth discrepancy?


quote:

So will all the millionaires and billionaires... They don't have to live in a place that takes away their wealth.


While that is, to a certain extent, true - they will live in a place that frees them to be wealthy.

But, from a fundamental standpoint if my choice is to levy taxation on people's income OR wealth, I would choose wealth.






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Mohican
LSU Fan
Member since Nov 2012
2430 posts

re: Any conservatives concerned with growing wealth discrepancy?


quote:

Lookin4Par


LINK

In short, I believe that economic stratification has more to do with government intervention than free market principles. Remember, the rich can't be rich without the "poor." The rich are only doing well when the poor are consuming. The poor have a pretty good standard of living if they are consuming. The rich cannot sustain their wealth by interacting amongst themselves. That is an inherent mechanism in the free market which prevents stratification. The government, seeking equality, lends itself to stratification and eventually a lower standard of living for all.


What you have in this country today are special interests groups representing both the poor and the rich and thus represented more in government. The real disenfranchised are the shrinking middle class. It's no wonder we see such a discrepancy. But it has everything to do with government and not free market principles.






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gatorsimz
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Member since Feb 2009
5449 posts

re: Any conservatives concerned with growing wealth discrepancy?


quote:

But, from a fundamental standpoint if my choice is to levy taxation on people's income OR wealth, I would choose wealth.


Is this wealth tax a progressive tax or flat? If progressive, you are in favor of punishing people and their families for saving money for the future? This would give people the incentive to spend money now and not save for their financial security 20+ years down the road. Most millionaires are first generation, why punish them and their heirs for working their arse off and saving money?






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moneyg
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re: Any conservatives concerned with growing wealth discrepancy?


quote:

My question is simple. Is the growing gap in wealth any reason for concern? Those that have it wish to preserve and build it. At what point do we realize that the tipping point is near?



I personally don't see any danger here.

I personally see tons of opportunity for just about anyone to become successful and even wealthy.






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Ace Midnight
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re: Any conservatives concerned with growing wealth discrepancy?


quote:

Most millionaires are first generation, why punish them and their heirs for working their arse off and saving money?


You want to cause death by a thousand cuts, hitting every paycheck, or just collect the big dividend when they've reached the top?






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buddhavista
Member since Jul 2012
3543 posts

re: Any conservatives concerned with growing wealth discrepancy?


quote:

Well, you've already said that you will never be convinced that a true free market is the answer, so I don't know what to say.

the problem with a free market solution is our gov't fricking abhors the free market. There is not a single free market in the US, any industry.






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