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Thread: “Income inequality is not the Problem”

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    Quote Originally Posted by Nordberg View Post
    There is a distinction between horrible and damaging income inequality
    Define "horrible income inequality". Define "damaging income inequality".

    Quote Originally Posted by Nordberg View Post
    and the difference that exists by the nature of capitalism. Like Teddy Roosevelt said, he begrudged no man a fortune he made by having a good idea that made him wealthy, but passing money down through time is a fortune of a different kind. The wealthy include power with their money and do change the system over time, more and more to their benefit, That is when he was installing the inheritance tax. Even that tax has been beaten and slashed by the wealthy.https://review.chicagobooth.edu/econ...ut-001-percent The top is getting richer by multiples the last 20 years.
    Stop trying to steal other people's money. Stealing is immoral.

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    Quote Originally Posted by Phantasmal View Post
    Wealth could not be created without the workers. Try it
    Sure it can. Plenty of people start out self-employed and then typically hire workers as they expand their business. Others remain self-employed since they don't want to deal with employees. They are still creating wealth all the same, with or without employees.

    Many indie game developers, for one example, are a "one-man-show". Some of them will hire employees and grow the size of their company; others choose not to.

    How do you think any business gets its start? It is a person (or group of people) who decide(s) to put an idea into action.

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    Quote Originally Posted by gfm7175 View Post
    Define "horrible income inequality". Define "damaging income inequality".


    Stop trying to steal other people's money. Stealing is immoral.
    To Nordberg, horrible and damaging income inequality means the lowest skilled person not making the same as the highest skilled person.

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    Quote Originally Posted by Phantasmal View Post
    Not true, small businesses are started by ordinary folks very few are wealthy.
    Many small businesses are one or two person operations involving only the one or two that started it. There are no workers in the sense you use the word.

    How many poor people have started a small business and hired workers?

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    Quote Originally Posted by CFM View Post
    Many small businesses are one or two person operations involving only the one or two that started it. There are no workers in the sense you use the word.

    How many poor people have started a small business and hired workers?
    Again, you need to educate yourself about how vital small business is to our economy. Stop showing your ignorance.

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    Quote Originally Posted by gfm7175 View Post
    Define "horrible income inequality". Define "damaging income inequality".


    Stop trying to steal other people's money. Stealing is immoral.
    yes let the wealthy with political power steal. Stealing the money of workers and weak people is fine with you.

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    Quote Originally Posted by Phantasmal View Post
    Again, you need to educate yourself about how vital small business is to our economy. Stop showing your ignorance.
    You need to educate yourself that no one can be hired as a worker unless someone else creates the business. The worker does not come first.

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    Quote Originally Posted by Gonzomin View Post
    yes let the wealthy with political power steal.
    Steal WHAT, exactly?

    Quote Originally Posted by Gonzomin View Post
    Stealing the money of workers and weak people is fine with you.
    How are "the wealthy" stealing the money of workers? Define "weak people".

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    Quote Originally Posted by Phantasmal View Post
    Not true, small businesses are started by ordinary folks very few are wealthy.
    Define "ordinary folks".

    Small businesses are started by people of varying degrees of wealth.

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    Quote Originally Posted by GoingNowhereFast View Post
    Just found this interesting read. Thought I’d share here:
    https://www.hoover.org/research/inco...y-isnt-problem
    Income inequality is the argument of Fascists, fools and dupes.

    First, are there good kinds of economic inequality and bad kinds? It is neither good or bad. It is a reality that has existed since the beginning of time.

    Second, is it a good idea, as many policymakers and even some economists insist, to reduce inequality by taxing those at the top end more heavily? Government interventionism is NEVER a good idea. Government intervention schemes merely amount to power grab redistribution schemes by dishonest political hacks. Vote for me and I will get you money.

    Third, has poverty been increasing? Inequality ebbs and flows.

    Poverty in modern times is mostly self induced. The reasons for it are consistent. Lack of education. Drug use. Criminality. We currently are in a time of full employment where anyone wanting a job can find one.

    Fourth has economic inequality been increasing? Again, the term economic inequality is laughably inept in that there always will be and always has been inequality. It is human nature. It is a fallacy to believe that it should or could be eliminated.
    "When government fears the people, there is liberty. When the people fear the government, there is tyranny."


    A lie doesn't become the truth, wrong doesn't become right, and evil doesn't become good just because it is accepted by a majority.
    Author: Booker T. Washington



    Quote Originally Posted by Nomad View Post
    Unless you just can't stand the idea of "ni**ers" teaching white kids.


    Quote Originally Posted by AProudLefty View Post
    Address the topic, not other posters.

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    Quote Originally Posted by jimmymccready View Post
    Yeah, income inequality is a real problem.
    How so? The only solution leftist elitists have is to make everyone equally miserable.
    "When government fears the people, there is liberty. When the people fear the government, there is tyranny."


    A lie doesn't become the truth, wrong doesn't become right, and evil doesn't become good just because it is accepted by a majority.
    Author: Booker T. Washington



    Quote Originally Posted by Nomad View Post
    Unless you just can't stand the idea of "ni**ers" teaching white kids.


    Quote Originally Posted by AProudLefty View Post
    Address the topic, not other posters.

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    Quote Originally Posted by Nordberg View Post
    Income inequality alarms lots of the super-rich. They can run, but cannot hide.
    Why are the super rich to blame? What are they doing to prevent anyone from inventing something; from getting educated; from finding a job?
    "When government fears the people, there is liberty. When the people fear the government, there is tyranny."


    A lie doesn't become the truth, wrong doesn't become right, and evil doesn't become good just because it is accepted by a majority.
    Author: Booker T. Washington



    Quote Originally Posted by Nomad View Post
    Unless you just can't stand the idea of "ni**ers" teaching white kids.


    Quote Originally Posted by AProudLefty View Post
    Address the topic, not other posters.

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    Quote Originally Posted by Nordberg View Post
    You don't know? here it is in 6 graphs. The wealthy are confiscating the wealth that the workers create.
    How do the wealthy "confiscate" wealth. I cannot imagine a more moronic narrative.
    "When government fears the people, there is liberty. When the people fear the government, there is tyranny."


    A lie doesn't become the truth, wrong doesn't become right, and evil doesn't become good just because it is accepted by a majority.
    Author: Booker T. Washington



    Quote Originally Posted by Nomad View Post
    Unless you just can't stand the idea of "ni**ers" teaching white kids.


    Quote Originally Posted by AProudLefty View Post
    Address the topic, not other posters.

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    Quote Originally Posted by Phantasmal View Post
    Actually, it’s people who do have a skill set, work hard for their employer only to see large bonuses go to the CEO and they aren’t equally compensated for making that CEO and stockholders money.
    REALLY? So who is forcing these people to work for less than they believe they are worth? Who is preventing them from finding work elsewhere? I find these Marxist arguments to be weak and moronic.
    "When government fears the people, there is liberty. When the people fear the government, there is tyranny."


    A lie doesn't become the truth, wrong doesn't become right, and evil doesn't become good just because it is accepted by a majority.
    Author: Booker T. Washington



    Quote Originally Posted by Nomad View Post
    Unless you just can't stand the idea of "ni**ers" teaching white kids.


    Quote Originally Posted by AProudLefty View Post
    Address the topic, not other posters.

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