Income gap widens between rich & poor

[Scataphagos]

Quote from TGregg:

Not quite. Under the idealized version of socialism, sure everyone shares the misery. But it never seems to work out that way - instead the ruling class still gets their share. As socialism is less productive than capitalism, all the plebs get to share less under socialism.

Well OF COURSE I meant "equal sharing of the misery".. except for the government.

 

[MaklodaSux]

Quote from Billy Thunder:

Income is a proxy for productivity, therefore the gap is increasing between the productive and least productive.

That's a terrible argument considering the unemployment rate. When you have a significant portion of qualified people out of work you can't expect them to be productive to their full potential. Remember, they didn't get bailed out, like it stated in the article. The system is flawed.

 

[Billy Thunder]

Quote from MaklodaSux:

That's a terrible argument considering the unemployment rate. When you have a significant portion of qualified people out of work you can't expect them to be productive to their full potential. Remember, they didn't get bailed out, like it stated in the article. The system is flawed.

How productive is someone that depends on others for their wages? Most of the unemployed will always be marginal at best, their employment relies on boom and bust cycles.

 

[MaklodaSux]

Quote from Billy Thunder:

How productive is someone that depends on others for their wages? Most of the unemployed will always be marginal at best, their employment relies on boom and bust cycles.

You're talking about a large portion of the United States. I think it's called "going to work," people get paid for their services performed for a company. How productive are a bunch of corporate leaches on society when they get bailed out while they should have went under - the same ones who caused those bubbles to bust. How productive is transferring the liability of that mess to the next generation?

 

[Mercor]

Quote from MaklodaSux:

You're talking about a large portion of the United States. I think it's called "going to work," people get paid for their services performed for a company. How productive are a bunch of corporate leaches on society when they get bailed out while they should have went under - the same ones who caused those bubbles to bust. How productive is transferring the liability of that mess to the next generation?

Wealth confiscated by the government in the form of taxes, tariffs and fees is neutral/ negative. to the measure of productivity.
Productivity creates wealth. The Government cannot create wealth it can only redistribute it.

 

[MaklodaSux]

Quote from Mercor:

Wealth confiscated by the government in the form of taxes, tariffs and fees is neutral/ negative. to the measure of productivity.
Productivity creates wealth. The Government cannot create wealth it can only redistribute it.

Great so we have large corporations who are largely unproductive so large taxes would seem appropriate. No?

 

[DrEvil]

Quote from Scataphagos:

Capitalism... unequal sharing of the riches.

Socialism... equal sharing of the misery.

Milton was so right :
http://www.youtube.com/watch?v=JfdRpyfEmBE

 

[college_trad3r]

Quote from Mercor:

Wealth confiscated by the government in the form of taxes, tariffs and fees is neutral/ negative. to the measure of productivity.
Productivity creates wealth. The Government cannot create wealth it can only redistribute it.

false. the government can create wealth by progressive taxing.

 

[hoodooman]

When the government gives out nobid billion dollar contracts to their cronies, they create wealth.

 

[Mercor]

Quote from college_trad3r:

false. the government can create wealth by progressive taxing.

So if the Government places a 100% tax on the top earners then it will create maximum wealth?