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If you actually redistributed wealth.
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Author:  conns7901 [ Sun Apr 17, 2016 5:39 pm ]
Post subject:  If you actually redistributed wealth.

Lets hypothetically pretend every single person in America wok up tomorrow and had the exact same amount of money in their bank accounts, how long would it take most of the money to get back in the hands of almost the exact same people? What percentage of people would improve their life and not piss it all away. What percentage of trust fund babies would be completely screwed and end up poor for life?

Author:  veganfan21 [ Sun Apr 17, 2016 5:45 pm ]
Post subject:  Re: If you actually redistributed wealth.

I'm not sure if by redistribution most politicians mean it in the same simplistic way you're presenting it here. Of course you could mean you want to talk about the government actually withdrawing money from accounts in order to deposit it in other accounts which, in that case, go ahead and discuss...I guess?

Author:  Mr. Reason [ Sun Apr 17, 2016 5:46 pm ]
Post subject:  Re: If you actually redistributed wealth.

veganfan21 wrote:
I'm not sure if by redistribution most politicians mean it in the same simplistic way you're presenting it here. Of course you could mean you want to talk about the government actually withdrawing money from accounts in order to deposit it in other accounts which, in that case, go ahead and discuss...I guess?

The IRS essentially does just that.

Author:  veganfan21 [ Sun Apr 17, 2016 5:48 pm ]
Post subject:  Re: If you actually redistributed wealth.

Mr. Reason wrote:
veganfan21 wrote:
I'm not sure if by redistribution most politicians mean it in the same simplistic way you're presenting it here. Of course you could mean you want to talk about the government actually withdrawing money from accounts in order to deposit it in other accounts which, in that case, go ahead and discuss...I guess?

The IRS essentially does just that.


Okay but this isn't then what I think conns' scenario is. This is basically leading into a discussion about systems of taxation.

Author:  Mr. Reason [ Sun Apr 17, 2016 5:51 pm ]
Post subject:  Re: If you actually redistributed wealth.

veganfan21 wrote:
Mr. Reason wrote:
veganfan21 wrote:
I'm not sure if by redistribution most politicians mean it in the same simplistic way you're presenting it here. Of course you could mean you want to talk about the government actually withdrawing money from accounts in order to deposit it in other accounts which, in that case, go ahead and discuss...I guess?

The IRS essentially does just that.


Okay but this isn't then what I think conns' scenario is. This is basically leading into a discussion about systems of taxation.

Our nation has the most progressive personal income taxation in the western world. What more do you want?

Author:  veganfan21 [ Sun Apr 17, 2016 5:59 pm ]
Post subject:  Re: If you actually redistributed wealth.

Mr. Reason wrote:
veganfan21 wrote:
Mr. Reason wrote:
veganfan21 wrote:
I'm not sure if by redistribution most politicians mean it in the same simplistic way you're presenting it here. Of course you could mean you want to talk about the government actually withdrawing money from accounts in order to deposit it in other accounts which, in that case, go ahead and discuss...I guess?

The IRS essentially does just that.


Okay but this isn't then what I think conns' scenario is. This is basically leading into a discussion about systems of taxation.

Our nation has the most progressive personal income taxation in the western world. What more do you want?


I'm not sure why you're imputing to me a position I assume you've deduced from what was essentially my attempt to clarify things. I don't really have much to say at this point other than i think/thought the scenario presented here is extra-taxation in that the focus is on coercively leveling the socioeconomic playing field as opposed to (no less coercively) funding the government, which is what I correctly or incorrectly understand the main purpose of taxes to be, at least here.

Author:  Mr. Reason [ Sun Apr 17, 2016 6:29 pm ]
Post subject:  Re: If you actually redistributed wealth.

veganfan21 wrote:
Mr. Reason wrote:
veganfan21 wrote:
Mr. Reason wrote:
The IRS essentially does just that.


Okay but this isn't then what I think conns' scenario is. This is basically leading into a discussion about systems of taxation.

Our nation has the most progressive personal income taxation in the western world. What more do you want?


I'm not sure why you're imputing to me a position I assume you've deduced from what was essentially my attempt to clarify things. I don't really have much to say at this point other than i think/thought the scenario presented here is extra-taxation in that the focus is on coercively leveling the socioeconomic playing field as opposed to (no less coercively) funding the government, which is what I correctly or incorrectly understand the main purpose of taxes to be, at least here.


We have redistributed countless trillions of dollars over the last 50+ years and yet, we are still still arguing over the same problems. All of those funds have been funneled through the same coffers and nothing has improved.

Do you sense a problem here?

Author:  veganfan21 [ Sun Apr 17, 2016 6:32 pm ]
Post subject:  Re: If you actually redistributed wealth.

Yes, I realize the government is a problem argument has a long history and makes sense from time to time. On the other hand, how do you feel about recent revelations we've come across via the Panama papers and an oxfam report?

Author:  bigfan [ Sun Apr 17, 2016 6:32 pm ]
Post subject:  Re: If you actually redistributed wealth.

conns7901 wrote:
, how long would it take most of the money to get back in the hands of almost the exact same people?


50 years


conns7901 wrote:
, What percentage of people would improve their life and not piss it all away.


80%

conns7901 wrote:
, . What percentage of trust fund babies would be completely screwed and end up poor for life?


The same percentage that have shitty lives right now, despite the money, would end up poor for life 2%

Author:  Mr. Reason [ Sun Apr 17, 2016 6:42 pm ]
Post subject:  Re: If you actually redistributed wealth.

veganfan21 wrote:
Yes, I realize the government is a problem argument has a long history and makes sense from time to time. On the other hand, how do you feel about recent revelations we've come across via the Panama papers and an oxfam report?

That's nothing more than a smokescreen to take the heat off our failing ruling class. Capitalism is so demonized and essentially it's nothing more than the trading of goods and services between individuals. That is, until a government gets involved and money gets involved in order to influence the outcomes of said transactions. Then you have crony-capitalism. Which is nothing more than a pay to play system which only benefits the rich and powerful. It's a system that can only be sustained by corrupt government officials that so many want to give more and more power over our lives. It all makes no damn sense to me.

Author:  denisdman [ Sun Apr 17, 2016 7:27 pm ]
Post subject:  Re: If you actually redistributed wealth.

I love Reason, and I have many reasons to love him so.

Author:  bigfan [ Mon Apr 18, 2016 12:08 am ]
Post subject:  Re: If you actually redistributed wealth.

Mr. Reason wrote:
veganfan21 wrote:
Yes, I realize the government is a problem argument has a long history and makes sense from time to time. On the other hand, how do you feel about recent revelations we've come across via the Panama papers and an oxfam report?

That's nothing more than a smokescreen to take the heat off our failing ruling class. Capitalism is so demonized and essentially it's nothing more than the trading of goods and services between individuals. That is, until a government gets involved and money gets involved in order to influence the outcomes of said transactions. Then you have crony-capitalism. Which is nothing more than a pay to play system which only benefits the rich and powerful. It's a system that can only be sustained by corrupt government officials that so many want to give more and more power over our lives. It all makes no damn sense to me.


Pay your alderman early and often, or your state reps and congresspeople...then if you need 50k in funding, no problem

Author:  JORR [ Mon Apr 18, 2016 6:15 am ]
Post subject:  Re: If you actually redistributed wealth.

It's a lot deeper than just having the money in a bank account. The wealthy know how to use governmental power in a way the poor do not. And why wouldn't they? They are the ones who created the governmental power and did so in a way to benefit themselves.

Author:  rogers park bryan [ Mon Apr 18, 2016 7:30 am ]
Post subject:  Re: If you actually redistributed wealth.

If we all had the same jobs, it would go back pretty quickly

Author:  WaitingforRuffcorn [ Mon Apr 18, 2016 8:17 am ]
Post subject:  Re: If you actually redistributed wealth.

Mr. Reason wrote:
That's nothing more than a smokescreen to take the heat off our failing ruling class. Capitalism is so demonized and essentially it's nothing more than the trading of goods and services between individuals. That is, until a government gets involved and money gets involved in order to influence the outcomes of said transactions. Then you have crony-capitalism. Which is nothing more than a pay to play system which only benefits the rich and powerful. It's a system that can only be sustained by corrupt government officials that so many want to give more and more power over our lives. It all makes no damn sense to me.


It is not the trading of goods and services. That's the barter system. It's placing of economic value on every aspect of your life.

Author:  Brick [ Mon Apr 18, 2016 8:57 am ]
Post subject:  Re: If you actually redistributed wealth.

Yeah, Capitalism has really sucked for America. Let's try something completely different because a guy who supported and aided Communist regimes for years says that everything here sucks now.

Or you know, we could keep it, and things would pretty much stay pretty good for the next few decades.

Author:  JORR [ Mon Apr 18, 2016 8:59 am ]
Post subject:  Re: If you actually redistributed wealth.

Boilermaker Rick wrote:
Yeah, Capitalism has really sucked for America. Let's try something completely different because a guy who supported and aided Communist regimes for years says that everything here sucks now.

Or you know, we could keep it, and things would pretty much stay pretty good for the next few decades.


Good for who?

Author:  WaitingforRuffcorn [ Mon Apr 18, 2016 9:22 am ]
Post subject:  Re: If you actually redistributed wealth.

Boilermaker Rick wrote:
Yeah, Capitalism has really sucked for America. Let's try something completely different because a guy who supported and aided Communist regimes for years says that everything here sucks now.

Or you know, we could keep it, and things would pretty much stay pretty good for the next few decades.


I would not get sucked into the idea that Sanders is going to end capitalism. He is mostly proposing a return to New Deal era regulations. This idea that if we stay the course with what has "worked" in the past will mean that things will stay good is a fairly terrible assumption. Capitalism already collapsed in the country in the 1930s. It took total war to bring the country out of it.

Is capitalism that rewards only the top one percent sustainable? Is it even environmentally sustainable to continue push monetary profits above all else?

Author:  Brick [ Mon Apr 18, 2016 9:25 am ]
Post subject:  Re: If you actually redistributed wealth.

WaitingforRuffcorn wrote:
Boilermaker Rick wrote:
Yeah, Capitalism has really sucked for America. Let's try something completely different because a guy who supported and aided Communist regimes for years says that everything here sucks now.

Or you know, we could keep it, and things would pretty much stay pretty good for the next few decades.


I would not get sucked into the idea that Sanders is going to end capitalism. He is mostly proposing a return to New Deal era regulations. This idea that if we stay the course with what has "worked" in the past will mean that things will stay good is a fairly terrible assumption. Capitalism already collapsed in the country in the 1930s. It took total war to bring the country out of it.

Is capitalism that rewards only the top one percent sustainable? Is it even environmentally sustainable to continue push monetary profits above all else?
Yes. Capitalism will continue to work.

Let's say we elect Hillary. Can you describe what happens to America over the next 8 years?

Author:  conns7901 [ Mon Apr 18, 2016 9:31 am ]
Post subject:  Re: If you actually redistributed wealth.

Boilermaker Rick wrote:
WaitingforRuffcorn wrote:
Boilermaker Rick wrote:
Yeah, Capitalism has really sucked for America. Let's try something completely different because a guy who supported and aided Communist regimes for years says that everything here sucks now.

Or you know, we could keep it, and things would pretty much stay pretty good for the next few decades.


I would not get sucked into the idea that Sanders is going to end capitalism. He is mostly proposing a return to New Deal era regulations. This idea that if we stay the course with what has "worked" in the past will mean that things will stay good is a fairly terrible assumption. Capitalism already collapsed in the country in the 1930s. It took total war to bring the country out of it.

Is capitalism that rewards only the top one percent sustainable? Is it even environmentally sustainable to continue push monetary profits above all else?
Yes. Capitalism will continue to work.

Let's say we elect Hillary. Can you describe what happens to America over the next 8 years?


Bigger divide between Rich and poor. Kind of like with Obama.

Author:  conns7901 [ Mon Apr 18, 2016 9:33 am ]
Post subject:  Re: If you actually redistributed wealth.

bigfan wrote:
conns7901 wrote:
, how long would it take most of the money to get back in the hands of almost the exact same people?


50 years


conns7901 wrote:
, What percentage of people would improve their life and not piss it all away.


80%

conns7901 wrote:
, . What percentage of trust fund babies would be completely screwed and end up poor for life?


The same percentage that have shitty lives right now, despite the money, would end up poor for life 2%


I was thinking less than 5 years.

Maybe 35-40% would actually permanently improve in life.

Around 5-10%

Author:  WaitingforRuffcorn [ Mon Apr 18, 2016 9:36 am ]
Post subject:  Re: If you actually redistributed wealth.

Boilermaker Rick wrote:
Yes. Capitalism will continue to work.

Let's say we elect Hillary. Can you describe what happens to America over the next 8 years?


Define continue to work. That's vague, open for interpretation and almost certainly an assumption. Would you say that capitalism was "working" in 2007-08? What if the student loan bubble bursts in the next few years.

The next eight years are going to be a transition phase. There are vast changes being brought on by technology. Who knows what will occur. I don't think many societies have collapsed because the people were too equal or that they shared too much.

Author:  Brick [ Mon Apr 18, 2016 9:48 am ]
Post subject:  Re: If you actually redistributed wealth.

WaitingforRuffcorn wrote:
Define continue to work. That's vague, open for interpretation and almost certainly an assumption. Would you say that capitalism was "working" in 2007-08? What if the student loan bubble bursts in the next few years.
Yes. Nothing is perfect. There are going to be good times and bad times.
WaitingforRuffcorn wrote:
The next eight years are going to be a transition phase. There are vast changes being brought on by technology. Who knows what will occur. I don't think many societies have collapsed because the people were too equal or that they shared too much.
Technology is going to happen one way or another. With or without Bernie those things are going to happen.

But, are you saying that society has a good chance of collapsing in the next 8 years?

Author:  Elmhurst Steve [ Mon Apr 18, 2016 10:14 am ]
Post subject:  Re: If you actually redistributed wealth.

Since the wealthy tend to be better educated, so chances are they would still ascend to a higher socio-economic status in a short period of time and reclaim the loftier status they enjoyed previously. The uneducated (formerly poor) people who have no experience handling larger sums of money would soon be relieved of it.

Author:  WaitingforRuffcorn [ Mon Apr 18, 2016 10:27 am ]
Post subject:  Re: If you actually redistributed wealth.

Boilermaker Rick wrote:
WaitingforRuffcorn wrote:
Define continue to work. That's vague, open for interpretation and almost certainly an assumption. Would you say that capitalism was "working" in 2007-08? What if the student loan bubble bursts in the next few years.
Yes. Nothing is perfect. There are going to be good times and bad times.
WaitingforRuffcorn wrote:
The next eight years are going to be a transition phase. There are vast changes being brought on by technology. Who knows what will occur. I don't think many societies have collapsed because the people were too equal or that they shared too much.
Technology is going to happen one way or another. With or without Bernie those things are going to happen.

But, are you saying that society has a good chance of collapsing in the next 8 years?


It would not call 2007 bad times. A recession is a bad time. The entire economy collapsed, and there are still no protections on this not happening again. The banks are still too big to fail, and debt is still being packaged and sold in deceptive ways.

Do you find this situation acceptable?

Not sure what "a good chance" means. I believe the odds are much better of systemic economic collapse if we stay on our current course.
But I do not know when this will occur. I also don't claim to be an expert on future predictions.

Author:  Brick [ Mon Apr 18, 2016 11:14 am ]
Post subject:  Re: If you actually redistributed wealth.

WaitingforRuffcorn wrote:
It would not call 2007 bad times. A recession is a bad time. The entire economy collapsed, and there are still no protections on this not happening again. The banks are still too big to fail, and debt is still being packaged and sold in deceptive ways.
And then after that the economy recovered in a big way.
WaitingforRuffcorn wrote:
Not sure what "a good chance" means. I believe the odds are much better of systemic economic collapse if we stay on our current course.
But I do not know when this will occur. I also don't claim to be an expert on future predictions.
But you are making a case that the current situation is dire. Is the future not dire too? I just want to know what you expect.

Author:  WaitingforRuffcorn [ Mon Apr 18, 2016 2:22 pm ]
Post subject:  Re: If you actually redistributed wealth.

Who do you believe the economy has gotten better for since 2007-08? You can draw a direct link to the collapse and this: http://www.theatlantic.com/health/archi ... ly/433863/

There have been no real protections put in place since the crash. This leads me to believe that it could occur again with the next setback or bubble to burst.

Author:  Brick [ Mon Apr 18, 2016 2:27 pm ]
Post subject:  Re: If you actually redistributed wealth.

WaitingforRuffcorn wrote:
Who do you believe the economy has gotten better for since 2007-08? You can draw a direct link to the collapse and this: http://www.theatlantic.com/health/archi ... ly/433863/
Our economy is undoubtedly doing better now than it was in 07-08.

Author:  WaitingforRuffcorn [ Mon Apr 18, 2016 2:48 pm ]
Post subject:  Re: If you actually redistributed wealth.

Boilermaker Rick wrote:
WaitingforRuffcorn wrote:
Who do you believe the economy has gotten better for since 2007-08? You can draw a direct link to the collapse and this: http://www.theatlantic.com/health/archi ... ly/433863/
Our economy is undoubtedly doing better now than it was in 07-08.


For whom? And because it is better now does it excuse the crash? Does it mean that it's continued improvement is assured?

Author:  Brick [ Mon Apr 18, 2016 2:51 pm ]
Post subject:  Re: If you actually redistributed wealth.

WaitingforRuffcorn wrote:
For whom?
The country. :lol:
WaitingforRuffcorn wrote:
And because it is better now does it excuse the crash?
No, but crashes happen. We had one at the end of the 90s too. We'll have one again at some point.
WaitingforRuffcorn wrote:
Does it mean that it's continued improvement is assured?
It's never assured. However, over the next couple decades, I think it will continue to improve. That is if we make America Great Again and elect my girl Hillary.

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