What's The Problem With Extreme Wealth Inequality? How Does That Hurt?

PoliTalker said:
What if we consider a generic society. A fictitious place on a fictitious planet.

And in this society they have extreme wealth inequality.

Most of the people work really hard, but most of the spoils go to a relatively few.

Can that society endure when everybody knows the wealth controlled by the few is enough to make everyone quite comfortable, but they are not?
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You’re right! The place you describe is truly “fictitious.”

Nowhere on planet earth has the total acquired wealth of the extremely wealthy been enough to make “everyone” comfortable!

In all of human history “The Wealth” has been “unequally” acquired by earth’s population.

How are they going to feel, knowing that their work generates plenty of wealth, they just never get to enjoy it.

Why, that sounds like the seeds for a revolt.
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Those seeds of revolt have been sown many times by misguided souls. Robinhood-ism is “theft.” Theft by one is no better than by any other, it’s the perverted attempt for a perverted justice.

Socialism, i.e. government forced wealth redistribution in any extreme form has never solved any wealth inequality issue. On the contrary, it is a predestination to elitist dictatorships, where the government’s holders of the power become the super wealthy and the population suffers from disincentive, crippled production and redistributed poverty.

Only “constitutional” capitalism governed by a loyalty to constitutional principles of “fair opportunity” for all produces the best economic system for all.
 
reagansghost


is banned from MY threads illegally



the mod who is doing this needs to be fired and banned
 
PoliTalker said:
Hello cawacko,



Very interesting how two people can look at the same set of circumstances and see two entirely different stories, eh?

And I assure you that however strongly you may believe in the sincerity of your convictions, mine are equally so. And the proof that mine are correct is how our poorly students compare with those of other nations. We do not do enough to educate them. Period.
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My whole point is we need education reform. I'm saying the status quo is not acceptable (generally speaking). Thus why I show what people like Steve Jobs and others say when talking about how we need to change/improve the system. To me, saying what we are doing today is fine we just need more money is not an acceptable answer because if give more money and things don't improve you just say we need even more money. It's a never ending cycle. (And yes, money is always important but it's not the only thing)
 
PoliTalker said:
What if we consider a generic society. A fictitious place on a fictitious planet.

And in this society they have extreme wealth inequality.

Most of the people work really hard, but most of the spoils go to a relatively few.

Can that society endure when everybody knows the wealth controlled by the few is enough to make everyone quite comfortable, but they are not?

How are they going to feel, knowing that their work generates plenty of wealth, they just never get to enjoy it.

Why, that sounds like the seeds for a revolt.
Click to expand...

I can see now why you vote Democratic. You're an uneducated fool. :rolleyes:

Who is preventing people from getting an education or inventing something everyone needs?

Who is forcing people to work for far less than they think they are worth?

When Bill Gates become a billionaire, who was hurt by that? In fact, he created thousands of millionaires and jobs as a result. This is the problem with Marxist dogma, it is fact challenged bullshit.
 
Trumpet said:
BFD, A million dollars isn't what it use to be, do the math.
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Nordberg said:
A wide wealth gap destabilizes the country. Eventually, the workers will decide to redistribute the wealth. Many wealthy know that so they are working on new policies like support for the poor. Some even think about increasing the min. wage. Same thing about guaranteed income. That is not about their generosity but self-preservation.
During the great depression, there were people thinking about Communism and Socialism because Capitalism allows the wealthy to confiscate wealth. The Union movement grew then too. The people will reach a breaking point if they see how wealthy the top 1 percent are.
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Nordberg said:
French revolution ring a bell? After the wealthy screwed up the economy in 1929 resulting in a depression we had Americans wanting Communism, Socialism and anarchy. So they did it again in 2008.
The concept of a sharing economy and the ability to move up is a mantra of the people. The wealthy do not want that and are stopping it.
The ability of Americans to move up is poor. https://www.forbes.com/sites/aparna...her-metric-of-economic-mobility/#53bb30ae6a7b America does poorly in the world for upwards mobility. That is another thing the wealthy fixed.
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The French Revolution wasn't about wealth distribution you uneducated hack. :rolleyes:
 
Robo said:
You’re right! The place you describe is truly “fictitious.”

Nowhere on planet earth has the total acquired wealth of the extremely wealthy been enough to make “everyone” comfortable!

In all of human history “The Wealth” has been “unequally” acquired by earth’s population.



Those seeds of revolt have been sown many times by misguided souls. Robinhood-ism is “theft.” Theft by one is no better than by any other, it’s the perverted attempt for a perverted justice.

Socialism, i.e. government forced wealth redistribution in any extreme form has never solved any wealth inequality issue. On the contrary, it is a predestination to elitist dictatorships, where the government’s holders of the power become the super wealthy and the population suffers from disincentive, crippled production and redistributed poverty.

Only “constitutional” capitalism governed by a loyalty to constitutional principles of “fair opportunity” for all produces the best economic system for all.
Click to expand...

:thumbsup:
 
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