View Poll Results: Would you rather:

Voters
25. You may not vote on this poll
  • Increase all wages though increase income disparity

    14 56.00%
  • Keep wages steady and decrease income disparity

    11 44.00%
Page 3 of 8 FirstFirst 12345 ... LastLast
Results 21 to 30 of 73

Thread: How do you feel about income?

  1. #21
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Today @ 02:01 AM
    Gender
    Lean
    Independent
    Posts
    16,261

    Re: How do you feel about income?

    Quote Originally Posted by phattonez View Post
    Just consider a graph where the x-axis is the wealth that you have and the y-axis is amount of people. Would you rather the distribution be tighter about some value on the x-axis or where everyone moves up on the x-axis but the distribution grows larger?
    You mean: where y=x or where x>y
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  2. #22
    Traditionalist
    phattonez's Avatar
    Join Date
    Jun 2009
    Location
    Los Angeles, CA
    Last Seen
    12-05-17 @ 03:45 PM
    Gender
    Lean
    Other
    Posts
    20,072

    Re: How do you feel about income?

    Quote Originally Posted by Dittohead not! View Post
    So, the way to have a high pay for some is to make it possible for everyone to have a decent wage. It's called the percolate up theory. Unlike the trickle down theory, the percolate up theory actually works, and doesn't depend on voodoo economics.
    Everyone just loves to be a libertarian these days. High wages does not prosperity bring. You have it backwards.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

  3. #23
    Devourer of Poor Children
    DrunkenAsparagus's Avatar
    Join Date
    Aug 2009
    Location
    DC
    Last Seen
    01-20-16 @ 04:07 PM
    Gender
    Lean
    Libertarian
    Posts
    4,496

    Re: How do you feel about income?

    Quote Originally Posted by Korimyr the Rat View Post
    The higher the income disparity, the smaller the middle class. That's a recipe for social instability-- and when a handful of people are making thousands of times as much money as their employees, it means large amounts of money are being siphoned out of the productive economy instead of circulating properly.

    It also means that our society is going to spend too much money for welfare for people at the bottom of society, instead of paying them proper wages for their labor.
    Large income disparity can be symptom that something's wrong. However, disparity alone doesn't automatically mean anything. One person having something has little to no bearing on whether another is needy or not. The pie isn't fixed
    "Doubleplusungood"

    George Orwell

  4. #24
    Student Helte/2Skelter's Avatar
    Join Date
    Sep 2009
    Location
    Minneapolis, MN
    Last Seen
    06-02-10 @ 04:24 PM
    Gender
    Lean
    Libertarian
    Posts
    211

    Re: How do you feel about income?

    Quote Originally Posted by phattonez View Post
    Well, which would you rather have?
    Well, you have to realize that merely increasing incomes across the board has no effect at all except stimulus from price lag. In the first case, where disparity is increased, the poor would be worse off when prices re-optimize. In the latter case where disparity is decreased alone one would at least limit political disparity that comes along with excessive wealth and perhaps draw down prices. Remember that money has an arbitrary relationship to wealth.
    |ψ〉

  5. #25
    Traditionalist
    phattonez's Avatar
    Join Date
    Jun 2009
    Location
    Los Angeles, CA
    Last Seen
    12-05-17 @ 03:45 PM
    Gender
    Lean
    Other
    Posts
    20,072

    Re: How do you feel about income?

    Quote Originally Posted by Helte/2Skelter View Post
    Well, you have to realize that merely increasing incomes across the board has no effect at all except stimulus from price lag. In the first case, where disparity is increased, the poor would be worse off when prices re-optimize. In the latter case where disparity is decreased alone one would at least limit political disparity that comes along with excessive wealth and perhaps draw down prices. Remember that money has an arbitrary relationship to wealth.
    Wealth increases. Production increases. I'm not just talking about inflation here.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

  6. #26
    Student Helte/2Skelter's Avatar
    Join Date
    Sep 2009
    Location
    Minneapolis, MN
    Last Seen
    06-02-10 @ 04:24 PM
    Gender
    Lean
    Libertarian
    Posts
    211

    Re: How do you feel about income?

    Quote Originally Posted by phattonez View Post
    Wealth increases. Production increases. I'm not just talking about inflation here.
    Sure, but an across the board increase in incomes does not suggest an overall increase in anyone's condition. Perhaps value was added to the market, but what does that mean for buying power?
    |ψ〉

  7. #27
    Traditionalist
    phattonez's Avatar
    Join Date
    Jun 2009
    Location
    Los Angeles, CA
    Last Seen
    12-05-17 @ 03:45 PM
    Gender
    Lean
    Other
    Posts
    20,072

    Re: How do you feel about income?

    Quote Originally Posted by Helte/2Skelter View Post
    Sure, but an across the board increase in incomes does not suggest an overall increase in anyone's condition. Perhaps value was added to the market, but what does that mean for buying power?
    It means that people can buy more than they previously could, or at least buy things of more value.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

  8. #28
    Student Helte/2Skelter's Avatar
    Join Date
    Sep 2009
    Location
    Minneapolis, MN
    Last Seen
    06-02-10 @ 04:24 PM
    Gender
    Lean
    Libertarian
    Posts
    211

    Re: How do you feel about income?

    Quote Originally Posted by phattonez View Post
    It means that people can buy more than they previously could, or at least buy things of more value.
    Until prices re-optimize. Hence my mention of price lag.
    |ψ〉

  9. #29
    Traditionalist
    phattonez's Avatar
    Join Date
    Jun 2009
    Location
    Los Angeles, CA
    Last Seen
    12-05-17 @ 03:45 PM
    Gender
    Lean
    Other
    Posts
    20,072

    Re: How do you feel about income?

    Quote Originally Posted by Helte/2Skelter View Post
    Until prices re-optimize. Hence my mention of price lag.
    It's a hypothetical situation, quit making it overly-complicated.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

  10. #30
    Student Helte/2Skelter's Avatar
    Join Date
    Sep 2009
    Location
    Minneapolis, MN
    Last Seen
    06-02-10 @ 04:24 PM
    Gender
    Lean
    Libertarian
    Posts
    211

    Re: How do you feel about income?

    Quote Originally Posted by phattonez View Post
    It's a hypothetical situation, quit making it overly-complicated.
    It is quite essential to this situation. Income is meaningless when you do not consider its value, i.e. prices.
    |ψ〉

Page 3 of 8 FirstFirst 12345 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •