The Current Events, News, and Politics Thread
08-15-2016, 09:48 AM
#6544
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The fiefdom model is certainly one method of socioeconomic organization, but it's far from the only one capable of providing a high standard of living for the upper-classes.
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08-15-2016, 11:37 AM
#6548
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Posit:
What if 50% of all the poor* families in the US started their own businesses tomorrow? Let's assume that they are all successful businesses which produce a variety of goods and services, and create a net income which lifts these families to an income level which qualifies them as "middle class." For the sake of simplicity, we'll assume that they don't employ anyone outside of their household.
Does this make the rich poorer? Not one bit. Those households which are still in the top X% of income / wealth will remain there. If anything, they will become slightly richer, for two reasons. One is that all of the new income-earners will now be paying taxes, and so the net effective tax rate on the X% will likely drift downwards over time. And the other is that these new earners will now be buying goods and services provided by the companies which the X% own or invest in.
Does it make the poor poorer? Not one bit. Again, the poor will likely benefit from the increased number of taxpayers contributing to medicaid / welfare / etc, as well as the reduced competition for these services.
There's no absolute chart or graph which says that if I earn X, other must earn Y. And as olderguy noted, we live in an era in which "poor" people have access to air conditioning, medical care, transportation, communication technology, and other amenities the likes of which the royal families of medieval Europe couldn't have even dreamed of.
Like the universe, the size of the economy is finite but unbounded.
What if 50% of all the poor* families in the US started their own businesses tomorrow? Let's assume that they are all successful businesses which produce a variety of goods and services, and create a net income which lifts these families to an income level which qualifies them as "middle class." For the sake of simplicity, we'll assume that they don't employ anyone outside of their household.
Does this make the rich poorer? Not one bit. Those households which are still in the top X% of income / wealth will remain there. If anything, they will become slightly richer, for two reasons. One is that all of the new income-earners will now be paying taxes, and so the net effective tax rate on the X% will likely drift downwards over time. And the other is that these new earners will now be buying goods and services provided by the companies which the X% own or invest in.
Does it make the poor poorer? Not one bit. Again, the poor will likely benefit from the increased number of taxpayers contributing to medicaid / welfare / etc, as well as the reduced competition for these services.
There's no absolute chart or graph which says that if I earn X, other must earn Y. And as olderguy noted, we live in an era in which "poor" people have access to air conditioning, medical care, transportation, communication technology, and other amenities the likes of which the royal families of medieval Europe couldn't have even dreamed of.
Like the universe, the size of the economy is finite but unbounded.
* = For mgeoffriau, we'll define "poor" as receiving some form of transfer-payment income for two years in a row, without being of social-security age)
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08-15-2016, 01:52 PM
#6553
Posit:
What if 50% of all the poor* families in the US started their own businesses tomorrow? Let's assume that they are all successful businesses which produce a variety of goods and services, and create a net income which lifts these families to an income level which qualifies them as "middle class." For the sake of simplicity, we'll assume that they don't employ anyone outside of their household.
Does this make the rich poorer? Not one bit. Those households which are still in the top X% of income / wealth will remain there. If anything, they will become slightly richer, for two reasons. One is that all of the new income-earners will now be paying taxes, and so the net effective tax rate on the X% will likely drift downwards over time. And the other is that these new earners will now be buying goods and services provided by the companies which the X% own or invest in.
Does it make the poor poorer? Not one bit. Again, the poor will likely benefit from the increased number of taxpayers contributing to medicaid / welfare / etc, as well as the reduced competition for these services.
There's no absolute chart or graph which says that if I earn X, other must earn Y. And as olderguy noted, we live in an era in which "poor" people have access to air conditioning, medical care, transportation, communication technology, and other amenities the likes of which the royal families of medieval Europe couldn't have even dreamed of.
Like the universe, the size of the economy is finite but unbounded.
What if 50% of all the poor* families in the US started their own businesses tomorrow? Let's assume that they are all successful businesses which produce a variety of goods and services, and create a net income which lifts these families to an income level which qualifies them as "middle class." For the sake of simplicity, we'll assume that they don't employ anyone outside of their household.
Does this make the rich poorer? Not one bit. Those households which are still in the top X% of income / wealth will remain there. If anything, they will become slightly richer, for two reasons. One is that all of the new income-earners will now be paying taxes, and so the net effective tax rate on the X% will likely drift downwards over time. And the other is that these new earners will now be buying goods and services provided by the companies which the X% own or invest in.
Does it make the poor poorer? Not one bit. Again, the poor will likely benefit from the increased number of taxpayers contributing to medicaid / welfare / etc, as well as the reduced competition for these services.
There's no absolute chart or graph which says that if I earn X, other must earn Y. And as olderguy noted, we live in an era in which "poor" people have access to air conditioning, medical care, transportation, communication technology, and other amenities the likes of which the royal families of medieval Europe couldn't have even dreamed of.
Like the universe, the size of the economy is finite but unbounded.
* = For mgeoffriau, we'll define "poor" as receiving some form of transfer-payment income for two years in a row, without being of social-security age)
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08-15-2016, 08:33 PM
#6556
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To be fair, that's precisely what I've been saying that angry mobs should be doing ever since the Cincinnati riots.
If you've got a beef with whitey, and you're feeling arson-y, don't burn down your own neighborhood, hop on the bus.
If you've got a beef with whitey, and you're feeling arson-y, don't burn down your own neighborhood, hop on the bus.
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08-15-2016, 08:50 PM
#6557
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The world needs more of this:
Cliffs:
Peaceful protest in Ferguson commemorating the 2nd anniversary of whatshisname being killed. Some genius decides to block traffic by standing in the middle of the street. One driver doesn't give a ****, and just plows through the dude at full speed like he wasn't even there. Then, long after it's all over, one of the peaceful protesters starts randomly shooting.
Cliffs:
Peaceful protest in Ferguson commemorating the 2nd anniversary of whatshisname being killed. Some genius decides to block traffic by standing in the middle of the street. One driver doesn't give a ****, and just plows through the dude at full speed like he wasn't even there. Then, long after it's all over, one of the peaceful protesters starts randomly shooting.
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08-15-2016, 09:26 PM
#6560
Boost Pope
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Yup.
Realistically, I doubt that I could pull a stunt like that, mostly out of fear of getting caught. But it's insanely gratifying to watch people claiming to be victims get a hard, chrome-plated lesson on what being a victim actually means.
Realistically, I doubt that I could pull a stunt like that, mostly out of fear of getting caught. But it's insanely gratifying to watch people claiming to be victims get a hard, chrome-plated lesson on what being a victim actually means.
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