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How should we solve wealth inequality?
Posted 2/22/16

biscuitnote wrote:


PeripheralVisionary wrote:


biscuitnote wrote:


stars201 wrote:

Other - comment below


Wealth inequality is not an issue because bill gates has more does not mean I have less. The amount of wealth is fluid not fixed.


I always thought money was limited because resources are finite and that's how we shuffle things around. :/ Are you referring to inflation value or the whole "he didn't take any money that could be used for other people"?


Money is limitless it's s man made construct you are correct to think in terms of resources instead of human created cash. However under capitalism your access to resources is based on your contribution to the market it's the most efficient way to allocate resources.


Money would be worthless if it were limitless, which is why it is finite, like resources, and thus why someone effectively hoarding money has more than they need to sustain their life style while effectively holding money away from the lower class. So yes, I do believe Bill Gates having money does in fact take away money as much as he gives it out.
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Posted 2/22/16 , edited 2/22/16

selenetiana wrote:
If you're not even going to provide a real counter argument instead of just saying "nope", you haven't made a point at all. My point is still standing.
Watch monster then.
https://www.youtube.com/watch?v=IMgzl3rKwgY
but atleast that holds some of what goes agianst that.

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Posted 2/22/16
Worker productivity has gone up due to advances in technology, not people working like slaves.... nice try tho,
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Posted 2/22/16

PeripheralVisionary wrote:


biscuitnote wrote:


PeripheralVisionary wrote:


biscuitnote wrote:


stars201 wrote:

Other - comment below


Wealth inequality is not an issue because bill gates has more does not mean I have less. The amount of wealth is fluid not fixed.


I always thought money was limited because resources are finite and that's how we shuffle things around. :/ Are you referring to inflation value or the whole "he didn't take any money that could be used for other people"?


Money is limitless it's s man made construct you are correct to think in terms of resources instead of human created cash. However under capitalism your access to resources is based on your contribution to the market it's the most efficient way to allocate resources.


Money would be worthless if it were limitless, which is why it is finite, like resources, and thus why someone effectively hoarding money has more than they need to sustain their life style while effectively holding money away from the lower class. So yes, I do believe Bill Gates having money does in fact take away money as much as he gives it out.


No that's ridiculous he creates value through his company you aren't poorer because he created value through Microsoft.
Posted 2/22/16 , edited 2/22/16

biscuitnote wrote:


PeripheralVisionary wrote:


biscuitnote wrote:


PeripheralVisionary wrote:


biscuitnote wrote:


stars201 wrote:

Other - comment below


Wealth inequality is not an issue because bill gates has more does not mean I have less. The amount of wealth is fluid not fixed.


I always thought money was limited because resources are finite and that's how we shuffle things around. :/ Are you referring to inflation value or the whole "he didn't take any money that could be used for other people"?


Money is limitless it's s man made construct you are correct to think in terms of resources instead of human created cash. However under capitalism your access to resources is based on your contribution to the market it's the most efficient way to allocate resources.


Money would be worthless if it were limitless, which is why it is finite, like resources, and thus why someone effectively hoarding money has more than they need to sustain their life style while effectively holding money away from the lower class. So yes, I do believe Bill Gates having money does in fact take away money as much as he gives it out.


No that's ridiculous he creates value through his company you aren't poorer because he created value through Microsoft.


Huh, didn't mean to hit post. Was about to say "his slice of the pie gets bigger" through his creation of wealth, however this does not necessarily mean it'll trickle down to the lower classes still eating the smaller piece. Or something like that. Been a long time since I searched up economic theories.
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Posted 2/22/16
If the lower classes want to get rich they should stop having children focus on getting a higher education
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Posted 2/22/16
Solve it?

It is the proof capitalism works, not the problem caused by it.
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Posted 2/22/16

biscuitnote wrote:
If the lower classes want to get rich they should stop having children
But creating big families has more drama and a "safety" network that atleast some would do very good, only more death/pain as well.

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Posted 2/22/16

Freddy96NO wrote:


biscuitnote wrote:
If the lower classes want to get rich they should stop having children
But creating big families has more drama and a "safety" network that atleast some would do very good, only more death/pain as well.



Children are incredibly expensive to raise on average it's 250k to 18 not including college.
Posted 2/22/16

maxgale wrote:

Solve it?

It is the proof capitalism works, not the problem caused by it.


But to extent I think its a problem when people are barely scrapping by.
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Posted 2/22/16
People thinking they are entitled to $15/hr for flipping hamburgers are far more harmful to the economy than say, a Bill Gates who employs tens of thousands of people and provides opportunity to small business that use their products.
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Posted 2/22/16
Honestly as long as there is equal opportunity then income inequality means very little. But I think what most people are starting to feel is that the laws are starting to favor the top percentage of earners far more that the middle and bottom thus depriving people of the equal opportunity that no amount of gumption will overcome.

I think a lot of people have never been poor. Its not a lot of fun. Creditors calling all the time, worrying about when your gonna get evicted or whats going to be turned off. Where your meals will come from. How your even going to get to a job interview with a clean suit. Constant fees for little things. Every time you use your food card you will be charge a bank fee, kinda sucks that tax payers are giving banks money, not to mention it eats into the amount the person can use. Look I know people who abuse the system, but I know as many rich people who abuse it as poor, its no reason to demonize every rich or poor person.
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Posted 2/22/16

biscuitnote wrote:
Children are incredibly expensive to raise on average it's 250k to 18 not including college.
depends on where you live, and what you would expect out of them etc.

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Posted 2/22/16

Freddy96NO wrote:


biscuitnote wrote:
Children are incredibly expensive to raise on average it's 250k to 18 not including college.
depends on where you live, and what you would expect out of them etc.



Costs may vary but they are a liability not an asset. In the days when the majority worked on farms they may have been valuable now there jus deadweight for the majority of people.
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Posted 2/22/16

PeripheralVisionary wrote:


maxgale wrote:

Solve it?

It is the proof capitalism works, not the problem caused by it.


But to extent I think its a problem when people are barely scrapping by.




Which is why we have social welfare programs to meet their most basic needs.


No one is really entitled to anything beyond that.
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