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re: Let's talk income redistribution - True or False
Posted on 2/9/15 at 3:06 pm to House_of Cards
Posted on 2/9/15 at 3:06 pm to House_of Cards
False. It eliminates competition and drive to succeed. I'll do as little as possible.
0
Posted on 2/9/15 at 3:06 pm to BAMBAM
I was going to say that it was going to cause severe inflation and make everyone poor that way but it seems that it would just make every one lower middle class
Posted on 2/9/15 at 3:07 pm to House_of Cards
quote:
This is about $31,000 per person.
big fricking cut for an OT baller like me. no thanks
Posted on 2/9/15 at 3:08 pm to OysterPoBoy
quote:
False. 20 years.
Hell, it would look the same in less than a year.
Posted on 2/9/15 at 3:10 pm to House_of Cards
to what degree, if any, does this consider less liquid assets like stock, land, businesses, etc?
Do everyone that owns land and businesses get to keep them and run as before? if so, then they still begin with a really nice advantage of not adding those assets to the sharing pie
Do everyone that owns land and businesses get to keep them and run as before? if so, then they still begin with a really nice advantage of not adding those assets to the sharing pie
Posted on 2/9/15 at 3:15 pm to House_of Cards
The underclass will always be the underclass. Trash will always breed more trash.
I think the top 25% or so would be much different, but mostly the same people/families.
I think the top 25% or so would be much different, but mostly the same people/families.
Posted on 2/9/15 at 3:15 pm to Rouge
quote:
to what degree, if any, does this consider less liquid assets like stock, land, businesses, etc?
Do everyone that owns land and businesses get to keep them and run as before? if so, then they still begin with a really nice advantage of not adding those assets to the sharing pie
This is what I am getting at. The answer in most cases would be "yes, the country would look the same in short order," but that doesn't really say much. Other than starting over in savings and retirement (which would obviously suck in the long term), my situation would not change for a second.
Posted on 2/9/15 at 3:41 pm to House_of Cards
True.
There would be some shuffling of individuals, but general socioeconomic classes of people would still exist. A person either succeeds, maintains, or falls, and this would be true in all classes. Some of of the wealthiest inherited wealth individuals in the world couldn't hold a real job to save their lives, and would end up on the street, while true businessmen and entrepreneurs would not miss a beat. Some in the true middle class could take $1MM and actually do something with it, others would fail miserably. Some in the lower class would be dead within hours due to their addictions, while others would be able to climb out of the hole.
So, some shuffling of individuals would take place, but classes would remain.
There would be some shuffling of individuals, but general socioeconomic classes of people would still exist. A person either succeeds, maintains, or falls, and this would be true in all classes. Some of of the wealthiest inherited wealth individuals in the world couldn't hold a real job to save their lives, and would end up on the street, while true businessmen and entrepreneurs would not miss a beat. Some in the true middle class could take $1MM and actually do something with it, others would fail miserably. Some in the lower class would be dead within hours due to their addictions, while others would be able to climb out of the hole.
So, some shuffling of individuals would take place, but classes would remain.
Posted on 2/9/15 at 3:41 pm to House_of Cards
quote:
This is about $31,000 per person.
Assuming purely liquid assets are changed in this manner, all other things equal, I don't think it would take more than 5 years to see discernible gaps between "rich" and "poor." This, of course, would still only apply to liquid assets and ignore the million dollar homes and $80,000 vehicles that many people would still drive.
And for those saying it would eliminate the drive to work, $31,000 + the elimination of your savings accounts, wouldn't motivate me any less. And I've got less than that saved at the moment.
Posted on 2/9/15 at 4:02 pm to House_of Cards
Partially true.
The trust fund, old money types generally don't have time for the work necessary to build up their wealth.
Might be fun to watch.
The trust fund, old money types generally don't have time for the work necessary to build up their wealth.
Might be fun to watch.
Posted on 2/9/15 at 4:17 pm to BAMBAM
quote:
I was going to say that it was going to cause severe inflation and make everyone poor that way but it seems that it would just make every one lower middle class
Severe deflation in the US and severe inflation in 3rd world countries.
Posted on 2/9/15 at 4:35 pm to House_of Cards
Tron would be the richest man in the world due to a hot hand of dice.
Posted on 2/9/15 at 4:54 pm to Rouge
quote:this, and rapidly.
I think that socioeconomic divides would actually increase
Posted on 2/10/15 at 6:55 am to tigerfoot
quote:
this, and rapidly.
Most people say it would make things worse in "inequality" (this word is not accurate, but the PC word for haves v. have nots). Why would it be worse - even I cannot see it as any worse than maybe being the same over time.
Posted on 2/10/15 at 7:08 am to House_of Cards
I'd say two generations, so 40 years.
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