Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: Dracin72 who wrote (15653)	4/20/2017 11:21:12 PM
From: combjelly	Respond to of 365050

Well, the resulting revolutions tend to even things out for a while. And of course, there was The Great Compression starting in the late 1930s. Which led to the explosion of the middle class in this country. And the growth post-war and through the 1970s. We have reversed most of the effects of that wage compression starting in the 1970s and the middle class has been shrinking ever since. It isn't that you have the wealthy and the poor. It is that economic growth starts to benefit only the wealthy at the expense of everyone else. and the wealth get concentrated in fewer and fewer hands.

To: Dracin72 who wrote (15653)

4/21/2017 12:57:57 PM

From: koan

Respond to of 365050

That is simply untrue, income redistribution works very well.

When FDR put forth his new deal with work programs for the unemployed (WPA) and social security millions of people, mostly old women were raised out of abject poverty.

Medicare is indispensable for MOST old people to live better lives with things like joint replacement. A huge number of old people these days get needed joint replacement.

And the 50's when taxes on the rich were almost double what they are now we had tremendous prosperity.

<,

Message #15653 from Dracin72 at 4/20/2017 10:31:50 PM

<So it isn't a new problem that we, as a species has never encountered before.>

True and I doubt anyone can show a method of income distribution that has worked.

In every attempted form of income redistribution the end result is the same. Their is still a wealthy class and a poor class. The only thing that ever changes in any of the attempted systems is who the haves and have nots are.