Income and wealth inequality is fair.

Started by ilikecomics7 pages

https://mises.org/wire/setting-record-straight-income-inequality

Originally posted by Klaw
Not only is it fair, think about the opposite.

If everyone had the same wealth or the same income, that would be unfair.

Not everyone is as smart, or works as hard as everyone else.

People like Gates and Bezos have contributed greatly to society, you use Amazon and Microsoft so don't bother lying, and they deserve what they have.

Taking mine or anyone elses' money and giving it to others is immoral and is theft, period.

Wealth and income inequality is fair.

The income inequality we witness in the real world is not fair. Some people have much more options, some people get way more credit than their contributions really merit.

Like you said Amazon and Microsoft did great things, but that is a huge collection of people that did that, that Bill Gates, Jeff Bezos and their investors receive the vast amount of the credit and the vast amount of the wealth created in this cooperative process is not fair. They should get something for their work, maybe they should have $50 million, but to have control over a great human achievement solely because you were the person to start it and then contributed some to the development of it is unreasonable.

I find it amusing when normal folk fight for the right for billionaires not to be taxed more.

And yes thats what this all comes down to. Taxing the mega wealthy more to give back to those who need it.

At this rate by the time we get to the 15 minimum dollar wage it will be time to bump it up to 40.

Honestly they need to bump it up to a living wage now and right into law that every 4 years it gets readjusted for inflation over the past few years. That would solve so many future problems.

Originally posted by Newjak
At this rate by the time we get to the 15 minimum dollar wage it will be time to bump it up to 40.

Honestly they need to bump it up to a living wage now and right into law that every 4 years it gets readjusted for inflation over the past few years. That would solve so many future problems.

But that would also make the government more efficient, and create less bureaucracy, and neither Republicans nor Democrats can have that....

Originally posted by Artol
But that would also make the government more efficient, and create less bureaucracy, and neither Republicans nor Democrats can have that....

hahaha well said, boss

Originally posted by Newjak
At this rate by the time we get to the 15 minimum dollar wage it will be time to bump it up to 40.

Honestly they need to bump it up to a living wage now and right into law that every 4 years it gets readjusted for inflation over the past few years. That would solve so many future problems.

But then every minimum wage job would be erased. McDonalds isn’t going to pay someone $15 per hour to flip burgers, and run a cash register, the job simply isn’t worth that, they’ll all be replaced by automation.

@khazra

That is false and there is no data to support that all these jobs will disappear overnight. In fact in areas where the minimum wage has gone up you see very little disruption to the economy

Besides automation is it's own discussion because automation is a thing that happens no matter given enough time and the complexity of the job. Places are already starting to try make ordering an automated process to begin with.

That doesn't mean people should be forced to work in poverty almost like indentured servants because of it.

In the U.K. weve been increasing national minimum wage every year for at least the last 10years (probably more).

It doesnt create some mass unemployment year by year. Thats just fear mongering business men like to spread. Just may need to sometimes give tax incentives/rebates to smaller businesses where appropriate. But for the most part, its not really an issue.

The min wage bill wasn't going to increase the wage to $15.00 right away, it was over a five year period.

So McDonald's would have to raise the price of their Big Mac 3cents a year to compensate.

Why not make the minimum wage $1000 dollars a hour ? Surely outlawing any job that would pay $999.99 per hour or less, seems like a good idea.

did you just win the debate with that, in your mind?

Originally posted by ilikecomics
Why not make the minimum wage $1000 dollars a hour ? Surely outlawing any job that would pay $999.99 per hour or less, seems like a good idea.

Between the retarded OP who attacked a position few people have irl and as far as I'm aware nobody has ever expressed here and your retarded post harping about a slippery slope that does not exist in a failed gotcha attempt there seems to be a high concentration of retarded posts in this thread. I has hoped the mass exodus that happened here would alleviate this somewhat but it seems I was wrong.

Why do you suck the smegma from the shriveled cocks of multi-billionaires my friend?

Originally posted by Klaw
We're talking about right now.

So what do you do about the income and wealth equality right now?

No, no one is really talking about taking "peoples' money and redistributing it" here. eg I don't think anyone** has said that we need to take your precious Bezos' wealth and give it to other people.

The system needs a complete overhaul, were everyone is on the same playing field. No special loops and tax credits for the corporations/uber-rich. That actually happening another story, as the people who most benefit from this crooked system are the ones that make the rules.

**Though I personally, I'd not mind if Bezos went down a few billion in worth so Amazon workers could earn a little more and get better benefits. Amazon workers are one of the top three who also take in the most welfare.

Same with the pieces of shit like the Walton Family, who pay their employees so little, the government has to subsidize so they can scrape by. That's right, our taxes are being used to help these uber billionaires stay a the top: Report: Walmart Workers Cost Taxpayers $6.2 Billion In Public Assistance. The Walton family has a net worth of about 215billion.

Robtard, as we've discussed before, I am 100% against Corporate Welfare.

Originally posted by ilikecomics
Why not make the minimum wage $1000 dollars a hour ? Surely outlawing any job that would pay $999.99 per hour or less, seems like a good idea.

👆

To add on to my point.

If I were in charge, I would stop Corporate Welfare, and close all the tax loopholes the wealthy use.

I would abolish the minimum wage and have workers and owners negotiate the wages prior to the business opening.

That to me is the most fair thing to do.

Get the Gov out of the wage business.

It's great that you're against corp-welfare, but you've previously said things that support the very system that allows that to exist in the first place.

Eliminating the minimum wage would be terrible, as corporations like McDonald's would take advantage of that to their own benefit, not the hourly wage workers, taking advantage of the most desperate for work people out there. Because some people would certainly work for less. This would also likely have a side effect and only help increase America's undocumented workers situation.

But hey, the price of a Big Mac might go down 5cents.

Originally posted by Robtard
It's great that you're against corp-welfare, but you've previously said things that support the very system that allows that to exist in the first place.

Eliminating the minimum wage would be terrible, as corporations like McDonald's would take advantage of that to their own benefit, not the hourly wage workers, taking advantage of the most desperate for work people out there. Because some people would certainly work for less. This would also likely have a side effect and only help increase America's undocumented workers situation.

Sweden seems to be doing fine without a minimum wage.

Sweden's gig economy is terrible for those at that end of employment Eon.

Originally posted by Old Man Whirly!
Sweden's gig economy is terrible for those at that end of employment Eon.

Hi Whirly!

What do you mean?