What’s behind inequality?

[marke]

Russia has not been a Communist country since it disintegrated and Yeltsin took power.

During that period the Russian Plutocrats (led by Yeltsin at the time) have amassed immense riches. And the Russian people, at least for the moment, have gone along with that massive purloining of Russia's basic assets (mining, oil, etc.)

Bolshevism is wicked. Wicked Bolsheviks did not help the poor like they dishonestly promised they would if given power. They were like all ungodly narcissists who lie to deceive others for the purpose of crushing them to benefit themselves. The Russian people were brutalized by these lying savages and they were helpless to resist. Thank God there are millions of patriotic Americans in the God bless the USA who are fully armed against such lying savage barbarians.

Why? Because Putin has Czarist-like powers to put people in jail whenever there is a candidate who - at the polls - might just defeat him. So, he continually "wins" elections.

Stalin was no Czar. Stalin was a Bolshevik communist and he not only unmercifully imprisoned his own people but he butchered them by the tens of millions. All Hail to God and all hell to atheistic Bolshevik barbarian communists.

Russia is nowhere near being a "normal democracy" and the Russian people haven't the faintest notion as to how one should function.

Sadly, Russians still suffer today from the effects of communist barbarianism.

Russia and the Russians are lost wandering in the plutocrat desert ...

Not all are lost. There are many Godly Christians scattered among the Bolshevik barbarians.

 

[marke]

That conclusion depends upon your measurement yardstick. And, in an Economics sense (after all, this is an economics-forum) that indicator is called Income Disparity.

For a world-map of income inequality, see here: Compare your country - Income distribution and poverty

The Income Inequality measure (of "unfairness") is worst in the US. Which actually ties with China for "most unfair"!

You're in a Debate Forum, so stop the blathering without underlying factual information ... !

Income disparity cannot be solved by any government whether good or bad or just or unjust. Once a government begins oppressing its business makers in a stupid attempt to eliminate poverty the nation begins to decline. The end of such decline from socialistic stupidity can clearly be seen today in places like Venezuela.

 

[Lafayette]

Income disparity cannot be solved by any government whether good or bad or just or unjust. Once a government begins oppressing its business makers in a stupid attempt to eliminate poverty the nation begins to decline. The end of such decline from socialistic stupidity can clearly be seen today in places like Venezuela.

Wrong.

A government can chose "wise income management" by employing the right tax-schedules. (Taxed Income Becomes Wealth.)

Existing taxation in the US is wholly incorrect, which is why this visual analysis of the share of wealth in America exists today:

That long thin blue-line at the bottom! It's fifty percent of the American population!

Read it and weep ...

 

[phattonez]

Maybe Hugo's communist idealism might have succeeded if not for other countries being involved in business markets and in goods like oil?

I'm not a Communist, but there's a reason that East Germany was relatively well off while Venezuela has become a basket case.

 

[James972]

A government can chose "wise income management" by employing the right tax-schedules. (Taxed Income Becomes Wealth.)
.

yes, like France taxing 42% of GDP (27% for USA) with 10's of 1000's of anti-semitic yellow vests literally rioting in the streets because they are still so poor to survive.
maybe France needs still higher taxes?

 

[James972]

Once a government begins oppressing its business makers in a stupid attempt to eliminate poverty the nation begins to decline. .

very true, they idea is to help the poor acquire their own wealth, not help them steal it at gunpoint from the rich.

 

[marke]

Wrong.

A government can chose "wise income management" by employing the right tax-schedules. (Taxed Income Becomes Wealth.)

Existing taxation in the US is wholly incorrect, which is why this visual analysis of the share of wealth in America exists today:

That long thin blue-line at the bottom! It's fifty percent of the American population!

Read it and weep ...

There are millions of Americans as well as people from other nations that do not agree with socialist assessments and schemes. Obama tried it and it didn't work. Chavez tried it and totally failed, plunging the whole nation into deep depression and poverty. Americans do not need any more experimentation into such failed socialist plans or schemes.

 

[James972]

Obama tried it and it didn't work. Chavez tried it and totally failed, plunging the whole nation into deep depression and poverty.

Yes Obama was most liberal president and only president not to have even one year of 3% growth!

 

[marke]

I'm not a Communist, but there's a reason that East Germany was relatively well off while Venezuela has become a basket case.

I heard that the differences between East German living standards compared to West German standards when the wall came down was shocking,.

 

[phattonez]

I heard that the differences between East German living standards compared to West German standards when the wall came down was shocking,.

The difference in GDP per capita was not vast, and interestingly those differences still exist today, telling me that the economic system wasn't as responsible as the propaganda makes it out to be.

And I have to make this clear, in no way am I a Communist. People have a right to property, and state atheism is probably its worst feature.

 

[James972]

The difference in GDP per capita was not vast,

do you ever get anything right??

Real GDP of East and West Germany[22]
Year GDP (in $ million) GDP per capita ($)
East West East West
1950 51,412 213,942 2,795 4,280
1973 129,969 814,786 7,654 13,147
1990 152,732 (1989)[23] 1,182,261 9,193 (1989)[24] 18,690

 

[marke]

Yes Obama was most liberal president and only president not to have even one year of 3% growth!

I bet leftist democrats do not like people pointing out facts like those. After all, Obama entered the scene promising to restore the economy to vitality in just his first 3 years or he would not deserve a second term.

 

[Lafayette]

Bolshevism is wicked. Wicked Bolsheviks did not help the poor like they dishonestly promised they would if given power. They were like all ungodly narcissists who lie to deceive others for the purpose of crushing them to benefit themselves. The Russian people were brutalized by these lying savages and they were helpless to resist. Thank God there are millions of patriotic Americans in the God bless the USA who are fully armed against such lying savage barbarians.

Blah, blah, blah. Not the least bit germane to the subject, "What's behind inequality?"

Pathetic rebuttal for an "economics forum" ... !

 

[phattonez]

do you ever get anything right??

Real GDP of East and West Germany[22]
Year GDP (in $ million) GDP per capita ($)
East West East West
1950 51,412 213,942 2,795 4,280
1973 129,969 814,786 7,654 13,147
1990 152,732 (1989)[23] 1,182,261 9,193 (1989)[24] 18,690

The difference between China and the US is more than 5 fold, and those are two developed nations. The difference between East and West Germany was about two-fold. Significant, yes, but not as crazy as propaganda made it out to be.

 

[James972]

The difference between China and the US is more than 5 fold, and those are two developed nations. The difference between East and West Germany was about two-fold. Significant, yes, but not as crazy as propaganda made it out to be.

you missed the point completely, the Russian Supersonic transport was called the Concordski. If they could not copy the west they would live at 10% our standard of living. Now you've learned another big lesson. You will always be wrong if you persist as a liberal. Sorry.

 

[James972]

I bet leftist democrats do not like people pointing out facts like those. After all, Obama entered the scene promising to restore the economy to vitality in just his first 3 years or he would not deserve a second term.

Yes like a true socialist he was going to end the recession by funding green companies of the future, like Solyndra!! Instead he had the worst economic record of any American president!!

 

[James972]

"What's behind inequality?"

very simple,
1) God and evolution since we all are not made equal to Einstein and others like him
2) the liberal attack on love family schools religion which rendered many unfit for equality
3) 30 million liberal illegals who take our jobs and bid down our wages so we are inequal
4) liberal policies: taxes regulation unions trade deals which shipped 10 million jobs to China

 

[csbrown28]

The difference between China and the US is more than 5 fold, and those are two developed nations. The difference between East and West Germany was about two-fold. Significant, yes, but not as crazy as propaganda made it out to be.

I started reading this thread on the page your comment appears, so I may have missed something, but I can guess without looking that James probably made this comparison as proof of the effectiveness of capitalism vs socialism using East and West Germany as an example. If I'm wrong or way off base, ignore this, but if I'm not I'd say this had less to do with economics and more to do with democracy vs authoritarianism.

James will try to remind me that socialism is authoritarian, however, James is so full of crap I just ignore him, but for everyone else I'll say it here, socialism (like capitalism) is an economic system, not a political system. Socialism and capitalism can both work equally well under the right circumstances in a democratic system. One wouldn't criticize capitalism because China has begun to embrace it (even if on a limited basis), so can the same be said for authoritarian nations that adopt socialism. Having said that, if successful political systems are a benefit to the people of the country they are employed, strict authoritarianism (where people have no real influence or representation in their government) is always a failure IMO.

 

[James972]

Socialism and capitalism can both work equally well under the right circumstances in a democratic system.

so why did socialism just kill 120 million??

 

[James972]

strict authoritarianism (where people have no real influence or representation in their government) is always a failure IMO.

cool so you've just figured out the Hitler Stalin and Mao was a bad idea??

 

[James972]

Socialism and capitalism can both work equally well under the right circumstances in a democratic system.

socialism is not democratic since the govt has the power not the people. 1+1=2

 

[Mircea]

Outdated?

Yes, and overtly biased.

The EPI is well-known for its propaganda and disinformation, like falsely claiming productivity has increased by incorrectly comparing productivity with revenues.

200,000 labor-hours; 1 Million widgets produced; unit price is $10; gross revenues $10 Million
190,000 labor-hours; 950,000 widgets produced; unit price is $12; gross revenues $11.4 Million

Did Productivity increase?

No, it did not, but EPI will claim it did in order to spew their Left-wing propaganda.

Blah, blah, blah. Not the least bit germane to the subject, "What's behind inequality?"

Nothing. Inequality is purely subjective and is a manufactured complaint, not a real valid complaint.

Wrong.

A government can chose "wise income management" by employing the right tax-schedules. (Taxed Income Becomes Wealth.)

So, in your differently twisted world, let me get this straight.....

I buy a vacant property that's been vacant for several years, because no one else wants to buy it.

I then build a 40-story building with 20 floors of condominiums, 2 floors of services like cafes, delis, restaurants and coffee shops, dry cleaners, beauty salons and barber shops, and 18 floors of office space to rent out.

I spent $14 Million to do that, and 20 years later, the county tax assessor says my building and property are valued at $100 Million, real estate appraisers say my property and building is valued at $100 Million, real estate agents say my property and building is valued at $100 Million and the tenants, businesses and other people all say the property and building is valued at $100 Million.

How is that my fault?

So, you're mad at me, because other people say my net worth -- my Wealth -- has increased by $86 Million from $14 Million to $100 Million?

And, on top of that, you want to tax me, because other people place a greater value on my building and property?

I guess that kind of bizarre differently twisted thinking is par for the course for Liberals.

 

[James972]

A government can chose "wise income management" by employing the right tax-schedules.

obviously, if violent liberal govt redistributes at gunpoint those getting the money will work less and less, and demand more and more violent redistribution until you have a French situation wherein the govt taxes 43% of GDP (27% for USA) and the people live at 65% of USA GDP, and millions are literally rioting in the street because they still cant make ends meet.

Layfayette prides himself on thinking with French IQ!

 

[Lafayette]

Nothing. Inequality is purely subjective and is a manufactured complaint, not a real valid complaint.

Your refusal to recognize the existence of income inequality is patent Right-wing BS.

Charts that show how much worse income inequality is in America than Europe, from here:

Awaiting breathlessly your rebuttal ...

 

[Mircea]

Your refusal to recognize the existence of income inequality is patent Right-wing BS.

Awaiting breathlessly your rebuttal ...

Which Law of Economics says that all income must be equal?