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If we redistributed all wealth in the U.S. today, how long before it comes back to now?
Posted on 6/12/20 at 9:26 am
Posted on 6/12/20 at 9:26 am
I'd give it about three generations.
There's a reason most poors are poor, and I doubt it's lack of opportunity.
There's a reason most poors are poor, and I doubt it's lack of opportunity.
This post was edited on 6/12/20 at 9:34 am
Posted on 6/12/20 at 9:27 am to tetracarbon
1-2 generations
This post was edited on 6/12/20 at 9:28 am
Posted on 6/12/20 at 9:27 am to tetracarbon
Short term band-aid if aid were to be redistributed. Too many people would be left with too much money to blow without even considering the ideas of investing or saving
Posted on 6/12/20 at 9:27 am to tetracarbon
Before it ALL comes back? Never.
There are a lot of rich people that were born that way and likely don't have the ability to build up generational wealth themselves if starting from zero.
But yes, a lot of super smart folks would get their money back quickly.
ETA:
I am not saying I want to redistribute wealth for the record. I think if someone's grand pappy earned generational wealth and wanted to make his lineage rich with his money, that's what should happen. Inheritance death tax is an absolute sham.
There are a lot of rich people that were born that way and likely don't have the ability to build up generational wealth themselves if starting from zero.
But yes, a lot of super smart folks would get their money back quickly.
ETA:
I am not saying I want to redistribute wealth for the record. I think if someone's grand pappy earned generational wealth and wanted to make his lineage rich with his money, that's what should happen. Inheritance death tax is an absolute sham.
This post was edited on 6/12/20 at 9:31 am
Posted on 6/12/20 at 9:27 am to tetracarbon
The Dave Chappell reparations skit summed it up nicely.
Posted on 6/12/20 at 9:29 am to terriblegreen
A harlem man known simply as.....
Tron
Tron
Posted on 6/12/20 at 9:29 am to tetracarbon
I wouldnt give up my wealth to be redistributed
Posted on 6/12/20 at 9:31 am to tetracarbon
It always finds those who would have had it anyway
Posted on 6/12/20 at 9:35 am to 225Tyga
quote:
I wouldnt give up my wealth to be redistributed
Sorry, a large portion of the country demands it of you.
Posted on 6/12/20 at 9:36 am to TheCaterpillar
quote:
Before it ALL comes back? Never.
There are a lot of rich people that were born that way and likely don't have the ability to build up generational wealth themselves if starting from zero.
But yes, a lot of super smart folks would get their money back quickly.
yeah i think a better way to phrase it is how long before the population in the lower class (or their progeny) ends up in the lower class again
1-2 generations for sure
this belief that there isn't individual causes for economic standing is insane. yes, there are issues larger than the individual that hurt the prospect of leaving the lower class (you can call it structural, institutional, systemic, or whatever) but you can't change their fortunes by eliminating these structures.
if you grow up in a family with a lower class mindset in a geographic area where the lower class mindset flourishes, then you're very likely to adopt the same mindset. once you do that, your chances of leaving the lower class fall. and there are some behaviors that effectively seal your fate
now what structural change can do is eliminate or soften that very last portion, but it can't eliminate the priming and biases involved in the LCM that will lead to sub-optimal decision making
if you just give these people money, they have no support structure or culture around them to know what to do with the money. the vast majority of cases will end up right back where they are. that's why dumping money isn't a solution. we have to eradicate the mindset/culture (which will take some structural changes and meta decisions well above the individual)
and, for any leftist reading this, when i make these comments, my head is filled with trailer parks and backwater rural meth havens full of white people.
This post was edited on 6/12/20 at 9:38 am
Posted on 6/12/20 at 9:37 am to tetracarbon
quote:
Sorry, a large portion of the country demands it of you.
Sorry, they need to figure it the frick out on their own
Posted on 6/12/20 at 9:39 am to tetracarbon
quote:
I'd give it about three generations.
There's a reason most poors are poor, and I doubt it's lack of opportunity.
That is why we need to make some fixes to the system for the health of the nation - think of it like debugging. We need to find a way so that money keeps flowing up through the economy by making sure everyone has a accessible path forward and some skin in the game.
Widespread, sweeping changes - from gov't structure, educational goals and costs, healthcare (which shouldn't be tied to employment in today's world), criminal justice, economic policy, etc.
This post was edited on 6/12/20 at 9:41 am
Posted on 6/12/20 at 9:40 am to Sneaky__Sally
quote:
We need to find a way so that money keeps flowing up through the economy by making sure everyone has a accessible path forward
Aren't we already doing this?
Posted on 6/12/20 at 9:42 am to DomincDecoco
Hot hand in a dice game.


Posted on 6/12/20 at 9:42 am to tetracarbon
The government would take over distribution and 80% of the monies would be taken by those in charge of giving it out. The politically connected and politicians would be the new super wealthy.
FYI 72% is the current cut on federal social programs.
FYI 72% is the current cut on federal social programs.
Posted on 6/12/20 at 9:43 am to tetracarbon
A sudden influx of redistributed money will allow me to achieve my dream of manufacturing little robots that live under your house to fight snakes and other invasive rodents.
I would practically be reserving my family's space in the 1% 10 years from now.
I would practically be reserving my family's space in the 1% 10 years from now.
Posted on 6/12/20 at 9:43 am to Sneaky__Sally
quote:
Widespread, sweeping changes - from gov't structure, educational goals and costs, healthcare (which shouldn't be tied to employment in today's world), criminal justice, economic policy, etc.
criminal justice reform is a big step
you'd think that all the Republicans and Trumpkins who spent the past 2-3 years bitching about the bullshite criminal investigations of Trump and his associates, they'd be more welcome to CJ reform. many are still legit bootlickers who have been super pro LEO the past month
the CJ system as well as the structures in place once a person has served his/her time (bullshite or not) need major reform to open up the system to those citizens on the lower class who got swept up in the every-hungry greed and power tripping of governments (of all levels)
that's an easy start that should have 75-85% public support (in a sane world)
Posted on 6/12/20 at 9:44 am to tetracarbon
Dont care...I would have my PS5.
Posted on 6/12/20 at 9:48 am to tetracarbon
50+% of the population would be like 95% of lottery winners............broke in 1-2 years
Posted on 6/12/20 at 9:54 am to tetracarbon
Hookers and blow for all
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