"Income Equality"; a Myth, a Fools Folly

Mine works, yours doesn't....

 

It's *your* exact same link!

 

Different position means a different wage.

 

Exactly, and government knows that without chumming the poor masses, they will take it on their own to take from you directly what they want. Your door will go down & your stuff they want will be seen going down the road in a stolen uhaul van. Now as they rape your wife and kids, you can tell me how you ran out of bullets, and your house went up in flames.

 

Private ownership of the means of production is a characteristic of Capitalism not its definition.
Either way, it seems as though our views, to say the least, differ profoundly.

 

What other system featured privat ownership of the means of production?

 

Feudalism.

 

That is government ownership. Lords were members of the ruling class.

- - - Updated - - -

Why don't you start a commune instead of drooling over what you plan to steal and take away from people who earned it?

 

Rape, arson, theft... Are you illustrating what life is like in democrat run America? Your description sounds like buffalo or Newark or riviera beach or Stockton or Chicago, or flint, or Detroit...good god how many he'll holes do you run?

 

i don't anyone on here really knows that when someone is talking about income inequallity there talking about the fact that people are not being paid a livable wage because the minimum wage hasn't kept up with infation. Working 2 fulltime jobs that pay minimum wage is still barly enough to get by.

 

Are you serious?

Why?
I do not advocate Income Taxation nor the taxation of any productive endeavor.
I, like the Father of Capitalism, Adam Smith, advocate a Land Value Tax.
In fact, I advocate the taxation of all forms of Economic Rent.

 

Yes. Don't be sense. They got title from the king.

Yeah land value tax is OK for way back in the day. Outdated now. You are going to charge a farmer more then a millionaire in a high rise apartment? BS. Flat tax is the way to go.

 

What a crock.
When the world's 85 richest people have more money the world's 3.5 billion poorest people, you have a serious problem that will end in violence when the poor realize they have nothing to lose.

 

In spite of the existance of overwhelming documentation that it is very real and getting worse.

 

Yes, they got the property title from the king (government), just like today.

It's obvious you don't even know what a Land Value Tax is.
A Land Value Tax (Economic Rent Tax) is the most efficient form of taxation that, unlike all others, does NOT add to prices, deter production or distort economic activity.

 

Of course it adds to prices. I pass on my property tax costs to my customers now and would continue to do so if they went up. It would be a fixed cost of business. You don't know what a land value tax is. Does the farmer pay more then the hedge fund manager? Yes or no don't dodge again.

They were members of the ruling class, they fielded the armies, they held serfs by law. It wasnt capitalism at all, it was government control of the economy.

 

Within the general rubric of "inequality," income inequality gets a whole lost more attention than wealth inequality. But wealth inequality is much more concentrated and, in various ways, much more dangerous for the social structure. In particular, it's wealth inequality that really ossifies social mobility.

The children of the top 1% only occasionally manage to match their parents' incomes. But they often receive massive inheritances that grow over time, installing them atop the economic ladder and giving them a political reason to "fight like hell" against progressive tax policies. And this kind of inequality doesn't have any of the salutary benefits of income inequality. Massive inheritances don't make people work harder. They give them a reason to never work very hard at all, and to try to influence public policy so they never have to work hard in the future, either. Ezra Klein's commentary on this issue is thoughtful.

 

Welcome to PF unopenedscroll...if you ever have any questions please don't hesitate to contact a Greeter or Moderator.

 

A Property Tax is NOT a Land Value Tax!
When I stated that you didn't know what a land value tax was, it was not as an insult but a statement of fact.
"Land Value Tax" has a specific meaning in economics.

The efficiency of a Land Value Tax has long been established knowledge.
It was Adam Smith's rigorous analysis that first demonstrated how & why a LVT would NOT raise land rents (add to price), deter production or distort markets.

It helps if you actually understand what you are attempting to refute.

It depends who has more income derived from land rents.
But, If, in addition to land rents, all other forms of economic rent were taxed under an Economic Rent Tax, then, without a doubt, the hedge fund manager would pay significantly more than the farmer.

I did NOT say Feudalism was Capitalism.
I said there was private ownership of the means of production.

 

Income equality = nonstop ticket to NorK or Cuba.

 

This ratio you quote about wealth is kind of stupid. Those 85 richest people have actually amassed wealth within an economic system while the 3.5 billion are comprised of 3rd world communities around the globe many of which have almost no economic systems...people who have never worked, never developed. How can your statement which implies Buffett has more wealth than a million Siberian nomads have any meaning? Or of a billion dirt-poor Indians? Or of a billion dirt poor Chinese?

 

No there wasnt private means of ownership, lords were government.

Economic rent tax now too? That is an add on. I thought you didnt tax investment?

 

Land rents are but one form of economic rent. An Economic Rent Tax would tax all forms of economic rent including land rents.
An Economic Rent Tax does NOT tax investment.

 

Lets hear what you tax and consider to be a rent.

 

Why not look it up yourself.

I'll help, start with Wikipedia.
Economic Rent
Land Value Tax