rEvolutionist wrote:
Huh?!? "inequality" is a concept that predated Marxism.
And raised to a fine art as a weapon of class warfare by Marxists.
The analysis clearly shows that as inequality increases the efficiency of the economy decreases. You claimed it didn't, and as usual, you are wrong.
Depends on what your premises are for the meaning of "increases in efficiency" and the importance of any alleged "economy decreases."
It is not true that an economy is a zero-sum game in which the wealthy get rich by stealing from the less wealthy or the poor.
Strawman. The report doesn't say it is a zero-sum game. These guys are economists. They know very well that wealth isn't a zero-sum game. Stop obfuscating and face the facts.
They sound like Keynesian "something for nothing" economists to me. Just because somebody claims to be an "economist" doesn't make his pronouncements sacred writ. Keynesian economics is full of shit from the get-go.
As I pointed out earlier, as much as 11 to 15 percent of working-age males simply choose not to work because it's more profitable to take government welfare.
Bullshit. I've repudiated this nonsense before. Stop trolling. There are more job seekers than job vacancies. I think in the US it's about 2:1. In Australia it's more like 4:1.
It's not bullshit, it's fact. As for job vacancies, we can create 12 million job vacancies overnight simply by firing and deporting all the illegals in the country.
Every dollar they get in welfare was taken from someone else, usually against their will, which is theft. And since those welfare leeches produce no wealth because they input no labor, their recycling of that which was stolen from someone else provides no net benefit to the economy.
The report directly repudiates this. On net, reducing inequality (via progressive taxation, for example) creates MORE benefit to the economy.
The report is Keynesian horseshit. And benefits to WHOM exactly? Certainly not the people from whom the wealth was stolen for redistribution to someone else. And yes, it matters who benefits and who is harmed.
In addition, income inequality is what drives people to do better, invent new things and become economically successful. They see that it is possible for them to flourish in the US, and that there are no systematic barriers that prevent them from inventing and profiting from a better mousetrap, and they want to improve their economic position for themselves and their children.
Usual conservative false dichotomy. It's not a case of what we have now, or no inequality. These types of analyses don't talk about zero inequality. They simply talk about less than the extreme amount we have now.
These types of analysis never take any moral or ethical questions into account, like the fact that it's simply wrong to take what one person has worked to acquire and give it to someone else merely because the first person has it and the second person doesn't. If theft is what it takes to reduce "inequality" then fuck the poor, they don't deserve to benefit from other people's work. I don't care if the entire economy of the planet is going to go down the toilet if the government can't take my money and give it to some welfare leech who doesn't want to work. It's not his money, it's mine and the government has absolutely no authority to take it away from me for that use.
If everybody has the same as everybody else,
Strawman.
The stupid notion that taking money from the wealthy and giving it to others in order to "equalize" income does nothing but disincentivize those who are members of the productive class and cause them to a) move their assets away from Socialist taxation; and b) stop working so hard, which is killing the goose that lays the golden egg the government needs to buy off the proletarian sloths so they won't string the Marxist elite up on a convenient lamppost.
Except, the economic analysis doesn't support your blinkered beliefs.
It ain't holy writ dude. It's Keynesian economics, which Marxists love but which are crap.
What percentage of the national revenues should "the rich" pay, in your opinion? And why?
The rich should pay the deficit in revenue minus spending after the poorer have paid an amount that doesn't leave them on the very brink of destitution. At the moment, the poorer in society are really on the brink, and there is a large structural deficit that isn't being paid for. Cutting wasteful services is fine, but cutting services which provide a positive social and/or economic benefit is stupid and is ideologically neoliberal.
And why should the rich do so? Or continue to do so in the future?
Because societies will fail if they don't roughly balance their budgets.
And that's the responsibility of the wealthy to fix why exactly?
The purpose of government and its functions is the management of society.
Good managers make a budget and stick to it.
If society goes broke and fails because they don't set appropriate levels of taxation,
Depends on what you mean by "appropriate," doesn't it? As I've said before, taxing people to pay for their fair share of the use and/or consumption of public goods or amenities is "appropriate." Stealing one person's money merely because he has more of it than someone else does, in order to redistribute it to some other person based on what some government bureaucrat thinks is "fair" is entirely inappropriate and fundamentally evil.
then they are defeating the purpose of governance.
Don't raise taxes, cut spending.
And looking at it from solely a rich person's perspective, without the protection and nourishment by society, they would no longer be able to make money, and likely wouldn't be able to keep what they have from the teeming dystopian masses.
And they presently pay handsomely for that "protection and nourishment." So what's your beef? Wait, don't tell me, you think they aren't paying enough. Well screw you, you don't get to make that decision.
If you tax my wealth to pay off the deficit I'm not going to bother earning as much in the future.
Yawn. This is the stupid Laffer curve fallacy. I've dealt with this before.
Ineffectively and without any sort of authority. The Laffer curve isn't a fallacy, it's an economic fact.
In fact, I'm going to liquidate my investments, remove all of my investment capital from the market, and I'm going to stop producing ANYTHING, stop generating ANY income at all, and stop paying ANY income taxes as I sit on my bags of gold enjoying all the luxuries I can afford for as long as your asinine regime lasts.
You might, because you've got a totally one-track mind.
Any wealthy person in his right mind would do so.
I've told you before about the psychological experiments that disprove the notion that money is the major incentive for humans.
Nobody said it was, but when the jackbooted thieves are at your door, it's best to stuff the money into the mattress and not let them in.
As with the Laffer shit, I've dealt with this before.
Problem is, your "deal" is a few cards short of a full deck.
The "wealthy" people of the world can bring your Marxist utopia to its knees literally overnight simply by refusing to spend or invest their money on wealth-production.
You really are an idiot. Balancing the budget isn't "Marxist". It's fucking capitalism 101. You need to hypno-therapy or something to deal with your insane fear of Marxist boogy-men.
I never said balancing the budget is Marxist. What's Marxist is HOW you propose to balance the budget. Most sane people balance a budget by not spending money they don't have.
The government can never tax enough to keep an economy running if those who have the capital simply sit on it and wait out the Marxist pretensions of economic legitimacy.
Except that's not what happens. Norway et al are doing fine. In fact, their economies are infinitely stronger than the US's.
OPM.
The same thing happens every time some Marxist fuck decides "the people" ought to own everything...that the people didn't pay to create.
Marxism, Marxism, Marxism.... You are one giant fruitcake.

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