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Author Topic: Economic Inequality and Volatility [Locked]
Sin_of_Onin  4 stars
Posts: 1,307
Registered: 2005-6-29 08:21:12
Aerlinthian posted:

Sin_of_Onin posted:

It is more like circular cause and effect.

Yes I know government is the root cause of these problems but I didn't think you were keen on admitting that.



 

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Aerlinthian  4 stars
Posts: 2,126
Registered: 2001-5-7 23:53:38
Still not keen I see.
Sin_of_Onin  4 stars
Posts: 1,307
Registered: 2005-6-29 08:21:12

 

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Kjarhall  3 stars
Title: The Pungent One
Posts: 915
Registered: 2002-3-1 15:47:21
Aerlinthian posted:

I don't understand, but somewhere there's got to be some -ism in there. Marx or Zion probably..

 

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paulg_68  4 stars
Posts: 2,469
Registered: 2009-7-27 18:45:54
Sin_of_Onin posted:

A simple theory, as economic inequality increases there will be an increase in economic volatility. With economic volatility will come more government debt and more dependence on government. In addition with more economic inequality there will be more dependence on government.

If you are really for less government and less debt then addressing economic inequality is of critical importance. So why isn't that so in US politics?




So if one guy produces 10 widgets per day and another makes 20 widgets per day we should pay them each for 15 because it's good for someone else?

When you say "economic inequality" you're only talking about remuneration and not productivity. In fact whenever it's pointed out that some people are less productive than others you do nothing but make excuses. Never once have you called for those less productive to be more economically equal when it comes to production. You just demand that they get paid as if they were.

 

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Dcomad
Posts: 35
Registered: 2002-2-15 16:56:23
^ The difference between right and left.

 

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Remnant_OBrien  2 stars
Posts: 297
Registered: 2003-5-11 17:03:52
The right uses faulty bad faith arguments?

 

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Sgian_Dubh  2 stars
Posts: 446
Registered: 2003-4-7 10:19:52
Remnant_OBrien posted:

The right uses faulty bad faith arguments?



Indeed.


People always forget that both guys making widgets are 1,000 times more productive than any administrator, HR, IT or any other service sector employee that produces nothing but overhead.

 

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Sin_of_Onin  4 stars
Posts: 1,307
Registered: 2005-6-29 08:21:12
paulg_68 posted:

So if one guy produces 10 widgets per day and another makes 20 widgets per day we should pay them each for 15 because it's good for someone else?


When you say "economic inequality" you're only talking about remuneration and not productivity. In fact whenever it's pointed out that some people are less productive than others you do nothing but make excuses. Never once have you called for those less productive to be more economically equal when it comes to production. You just demand that they get paid as if they were.






So your premise is that growing income inequality is a result in people producing different amounts of widgets?


 

-----signature-----
"Okay... I'm with you fellas" --Delmar
F is for Fake-believe
"We apologise for the inconvenience" --God
"What Jesus fails to appreciate is that it's the meek who are the problem"--Reg
Run, Forrest! Run!
paulg_68  4 stars
Posts: 2,469
Registered: 2009-7-27 18:45:54
Do you or do you not care about economic inequality?

You're the one who brought it up. If you do then you have to care about differences in productivity. You don't though. All you care about are differences in remuneration.

Differences in remuneration have to do with supply and demand. We have a massive oversupply of low skill labor. Your solution is always to pay low skilled laborers to produce more low skill laborers. You take no responsibility for the effect that has on supply.

You and people like you are the worst enemy of low skilled laborers.

If I was in charge they'd be making good money because I would address the cause rather than the symptom.

 

-----signature-----
If you wish to make an apple pie from scratch...
http://www.youtube.com/watch?v=zSgiXGELjbc
"Everyone has a chance to become rich." - Groucho48
"Most of the human wealth on earth exists between the ears of live human beings." - theredkay1

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