Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
I doubt it. They are coming from countires where they make 5 dollars a day
So apparently you're OK with taking other people's money but not so much with sharing your own,.. interesting.
Where are you getting that? I never talked about myself.
100% this. Theres a reason that most people who hit the lottery end up broke again.
pic of OP with ball gag in his mouth.Or???
So share your new found wealth with the illegals then,.. be a guy.
Just an FYI; when you ride around on your motorcycle with your music blaring super loud, you are twice as annoying as the other people riding their motorcycles and everybody you see hates you.I must admit, I have my music loud on the bike, but it must be. I hear them going by a lot, depending on where I am.
The topic was a hypothetical. You are bringing your own "want to be" bias' into it. Act like a man, not a child.
Yeppers!Just an FYI; when you ride around on your motorcycle with your music blaring super loud, you are twice as annoying as the other people riding their motorcycles and everybody you see hates you.
Within 50 years we would be back where we are now. Some people are too stupid to have money.
Very simple. Smart, sometimes thuggish, and in some cases devious people would find ways to have stupider, meek, and more naiive people give them their share of said redistributed wealth. This is not actually that hard.Imagine if all the vast wealth accumulated by the top fraction of society suddenly got distributed evenly among everyone.
What would honestly happen? Sure, there'd be fewer billionaires and more comfortable folks, but how would it all function? Who'd be left to do the not-so-glamorous gigs? Who'd pick up our trash if no one needed to do it for a paycheck? Shows like The Orville toss around the idea of a money-less society where everyone's working for the greater good. But seriously, how does that even function?
Spreading the wealth might give everyone a fair shot at a better life, but would it really work without incentive? How long could it last? Who will do the grunt work? What about entrepreneurs and innovators? Would they still bother if there's no jackpot waiting at the end? Maybe we'd figure it out, get all altruistic and stuff, but it would completely upend society as we know it.
What say you men and women of GIAOT?
Who would work if they were paid to do nothing? Where is the money coming from?What if that wealth was sustained and not a one time cash influx, e.g., everyone adult America now gets $500k equally? ...or something tiered:
18-28 = $150k per year
29-38 = $200k per year
...and so on.
How would that screw us?
Lazy people will be lazy. When they blow through that money you don’t think we would be back in a welfare state supporting the same people and probably more. It could be the dumbest thing anyone could think was a good idea.It would not provide enough money for the young to stop working. I think if you split up all the wealth evenly among every person each person it would be somewhere around $400,000 per person. That includes children. If you took children out of it than it would be closer to $600,000 per adult.
Now remember with that money you need to buy all of your major assets including a home and vehicles.
Biggest issue I see is that home prices would skyrocket even more because suddenly all the people that were stuck renting because they couldn't afford a home would want to buy one.
In a few years the less astute would spend the last of their windfall and you’d see more or less the same distribution of wealth.Imagine if all the vast wealth accumulated by the top fraction of society suddenly got distributed evenly among everyone.
‘Cause that’s what happened to all the people who took advantage of FHA loans and the GI Bill to become wealthy. They squandered it all before their kids had the chance to benefit. Brilliant stuff. Really.In a few years the less astute would spend the last of their windfall and you’d see more or less the same distribution of wealth.
I'll take the underWithin 50 years we would be back where we are now. Some people are too stupid to have money.
Maybe you misunderstood the scenario.‘Cause that’s what happened to all the people who took advantage of FHA loans and the GI Bill to become wealthy. They squandered it all before their kids had the chance to benefit. Brilliant stuff. Really.
Lots of people will change their opinion on the question in the OP.Alternatively, what is actually going to happen when that wealth consolidates even more in the next 10 to 20 years?
They're already running away from the grunt work jobs without the free money............Imagine if all the vast wealth accumulated by the top fraction of society suddenly got distributed evenly among everyone.
What would honestly happen? Sure, there'd be fewer billionaires and more comfortable folks, but how would it all function? Who'd be left to do the not-so-glamorous gigs? Who'd pick up our trash if no one needed to do it for a paycheck? Shows like The Orville toss around the idea of a money-less society where everyone's working for the greater good. But seriously, how does that even function?
Spreading the wealth might give everyone a fair shot at a better life, but would it really work without incentive? How long could it last? Who will do the grunt work? What about entrepreneurs and innovators? Would they still bother if there's no jackpot waiting at the end? Maybe we'd figure it out, get all altruistic and stuff, but it would completely upend society as we know it.
What say you men and women of GIAOT?
What if that wealth was sustained and not a one time cash influx, e.g., everyone adult America now gets $500k equally? ...or something tiered:
18-28 = $150k per year
29-38 = $200k per year
...and so on.
How would that screw us?
Lazy people will be lazy. When they blow through that money you don’t think we would be back in a welfare state supporting the same people and probably more. It could be the dumbest thing anyone could think was a good idea.
What if? That's the goal of you dirty marxists everywhere! Do you really think anyone is going work their ass off for their just rewards while jo dishwasher who sits on HROT night and same receives the same?Imagine if all the vast wealth accumulated by the top fraction of society suddenly got distributed evenly among everyone.
What would honestly happen? Sure, there'd be fewer billionaires and more comfortable folks, but how would it all function? Who'd be left to do the not-so-glamorous gigs? Who'd pick up our trash if no one needed to do it for a paycheck? Shows like The Orville toss around the idea of a money-less society where everyone's working for the greater good. But seriously, how does that even function?
Spreading the wealth might give everyone a fair shot at a better life, but would it really work without incentive? How long could it last? Who will do the grunt work? What about entrepreneurs and innovators? Would they still bother if there's no jackpot waiting at the end? Maybe we'd figure it out, get all altruistic and stuff, but it would completely upend society as we know it.
What say you men and women of GIAOT?
What if? That's the goal of you dirty marxists everywhere! Do you really think anyone is going work their ass off for their just rewards while jo dishwasher who sits on HROT night and same receives the same?
And hence; they have no money....because all they are capable of is daydreaming about having someone else's money.Within 50 years we would be back where we are now. Some people are too stupid to have money.
Quite the contrary. There's no reason to believe there wouldn't be a relatively random distribution of intelligence among economic levels, but that won't stop the smart/thuggish/devious ones from taking from the stupid/meek/naiive ones, and we'll be right back to an unequally distributed economic pie before you can say unequally distributed economic pie.Gotta love all the idiots in this thread who think poor people are so much dumber then rich people.
What if? That's the goal of you dirty marxists everywhere! Do you really think anyone is going work their ass off for their just rewards while jo dishwasher who sits on HROT night and same receives the same?
Less, I'd say 3-5 years tops.Within 50 years we would be back where we are now. Some people are too stupid to have money.
Explain? I was born to/with nothing. The only thing that motivated me was rising beyond. Take that incentive away, and I'd be jo dishwasher today.That's a pretty petty perspective.
Isnt the premise of the OP that you give everyone money that they dont deserve to being with? you are not wrong, but in this context, you are taking money from people and giving it to others that it doesnt belong to.I have gone back and forth in the notions of wealth transfer. First, I’m a die hard capitalist; while it ain’t perfect, capitalism is the most efficient economic system we have developed to-date. Having said that many trust fund babies have done nothing to deserve the wealth they inherit and we have so many loopholes that allow the truly wealthy to avoid paying the same tax rates as middle class that this escalates the problem. So while I don’t like the idea of a total wealth transfer I do think we should address the situation in some way.
I used to think we should dramatically increase the inheritance tax, but I’m convinced there is a better way. What I would do instead is:
This is the simplest mechanism I can see to ensure the wealthy can’t dodge taxes and allow for some redistribution without simply taking it from people. This allows farmers to continue to farm, small businesses to stay in the family, etc.
- Flatten the tax code with the only deduction being for dependents (and not embryos for Alabama residents). Same rate for capital gains as normal income. I would be ok setting a threshold of the first $XK where there is a much smaller tax rate for those truly at a subsistence level. But that’s it - one step up from a low rate to a moderate rate most of us would pay.
- Anytime there is a wealth transfer of cash it is treated as income and taxed at the normal income rate. You give a non-dependent $5K for Christmas, it’s income to them.
- Anytime there is a wealth transfer other than cash (family farm handed down, business given to the kids, etc) the transfer comes in with a notional value of $0.00. This ensures when those entities are sold you pay tax on all the capital gains at the one prevailing tax rate - no ability to dodge it, hide it, etc.