Quote:
Originally Posted by iggy_oi
I’m not in favour of a government mandating equality of outcomes for all, but to suggest that doing so would lower the living standard for everyone isn’t accurate. If last year in the US over 80% of all the wealth created went to 1-2% of the population, redistributing any amount of that money could only have a direct negative impact on 2% of the population max, and even then how much of an impact(if any) that the redistribution actually has on that 1-2%’s quality of life would vary.
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Except it isn't as simple as actually just 'redistributing' the wealth.
Even countries with lower levels of poverty and a higher average standard of living or quality of life than the US have rich people who constantly accumulate the majority of the wealth in their respective countries each year.
It is hard someone making $75k per year to compete with someone making $35 million in trying to generate more wealth. At some point we need to accept that there will be rich people, and there will be poor people, and the solution is class mobility and not wealth redistribution.
The problem in the US is that the middle class is eroding and turning into the 'poor' class, and the poor class is stuck where they are at because they don't have any proper class mobility. You can attribute that to a variety of different things, all of them not having anything to do with rich people getting richer.
At the end of the day, rich people are going to get richer no matter what you do.