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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My point though is in a capitalist system made up of consensual transactions, people generating wealth usually do so by creating products or services which everyone uses. These people are naturally smarter and more productive than the population at large so freeing them to rise above makes them richer yes, but also creates products for the rest of us. Henry Ford, Steve Jobs, etc