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Originally posted by TheBandit795
www.dollarsandsense.org...
Economists William Easterly of New York University and Gary Fields of Cornell University have recently summarized this evidence:
� Countries, and regions within countries, with more equal incomes grow faster. (These growth figures do not include environmental destruction or improvement. If they knocked off points for environmental destruction and added points for environmental improvement, the correlation between equality and growth would be even stronger, since desperation drives poor people to adopt environmentally destructive practices such as rapid deforestation.)
� Countries with more equally distributed land grow faster.
� Somewhat disturbingly, more ethnically homogeneous countries and regions grow faster�presumably because there are fewer ethnically based inequalities.
In addition, more worker rights are associated with higher rates of economic growth, according to Josh Bivens and Christian Weller, economists at two Washington think tanks, the Economic Policy Institute and the Center for American Progress.
These patterns recommend a second look at the incentive question. In fact, more equality can actually strengthen incentives and opportunities to produce.
Equality can boost growth in several ways. Perhaps the simplest is that study after study has shown that farmland is more productive when cultivated in small plots. So organizations promoting more equal distribution of land, like Brazil�s Landless Workers� Movement, are not just helping the landless poor�they�re contributing to agricultural productivity!
Inequality hinders growth in another important way: it fuels social conflict. Stark inequality in countries such as Bolivia and Haiti has led to chronic conflict that hobbles economic growth. Moreover, inequality ties up resources in unproductive uses such as paying for large numbers of police and security guards�attempts to prevent individuals from redistributing resources through theft.
"A rising tide lifts all boats," President John F. Kennedy famously declared. But he said nothing about which boats will rise fastest when the economic tide comes in. Growth does typically reduce poverty, according to studies reviewed by economist Gary Fields, though some "boats"�especially families with strong barriers to participating in the labor force�stay "stuck in the mud."
I keep saying that the system dosen't provide you with everything you desire.. it just provides you with the basic needs of life food/water which we have more than enough of, and often is wasted heavily.
A typical tax distribution table shows that the top-earning five percent of all U.S. taxpayers account for about a third of the individual income earned. This same group pays more than one half of all the income taxes collected, a distribution that results from a progressive income tax structure designed to redistribute income. source taxfoundation.org
www.taxfoundation.org...
Originally posted by Aelita
It's just the way we look at this world, which (the way) is out of balance. I understand it is a protected right of anybody, to have a $800 bottle of wine... But as a community of humans... We could do better than that.
Originally posted by jsobecky
The ones espousing the idea never create wealth, they only want to redistribute other people's wealth.
They say they are doing it out of a sense of compassion for everyman, but they want to be in control of the pursestrings. They want to be the ones who determine who gets what. It's a power trip.
Originally posted by Aelita
Originally posted by jsobecky
The ones espousing the idea never create wealth, they only want to redistribute other people's wealth.
I don't this that's correct at all.
They say they are doing it out of a sense of compassion for everyman, but they want to be in control of the pursestrings. They want to be the ones who determine who gets what. It's a power trip.
I don't think the originator of the thread wanted to control anything.
Again, the problem is that the world as whole is out of balance, and bringing it into balance would be a very human, and humane thing to do. Distribution of wealth is not an end in itself nor it is a decisive factor and achieving sanity on this planet. It's a small compenent of the systemic change that needs to take place.