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Capitalism doesn't naturally take care of this. That's why Marx predicted (correctly) that without major adjustments,capitalism would self destruct. The wealth/income generated by productivity advances must be actively distributed to the working/consumer class via wage laws, taxation, and public benefits.
Bingo!
A degree of capitalism may be great but unregulated capitalism is the complete opposite of a fair system for the majority and for the greater good.
While there are some exceptions to this (as with everything), what unregulated capitalism is good for are for the few (whether it be superhuman type talents, or the minority already in possession of wealth and/or power). Overall, as with most things not in moderation, unregulated (not moderated) capitalism is not good for the majority.
We humans all have a natural degree of selfishness and that overall, we are not good at policing ourselves individually when it pertains to this natural selfishness. Overall (and again their are exceptions to the rule), we humans will take more then what we need even at the detriment of the "greater good". This is shown in scientific study after scientific study and is no different then the natural selfishness animals in the animal kingdom show when they are hoarding/taking more then what they need for survival and potential times without. As long as this holds true (we remain human with natural selfish tendencies) we need mechanisms in place collectively and as a group/society/species to moderate and regulate this to a reasonable and fair degree. This regulation/moderation is done by fair and reasonable laws, taxation and public benefits (which is the result of fair and reasonable laws and taxation). You take one (or more) of any of those things away, if those things where at a reasonable level previously, society as a whole suffers.
Unfortunately, who makes the laws?
Last edited by txbullsfan; 01-13-2018 at 11:36 AM..
LOL, it's not a bad thing that Walmart is giving bonuses and raising starting pay. This should be great for our community.
Many of the laid off employees from the few Sam's Club locations may be rehired as they transform those locations into facilities for online purchases.
I'm sure other companies will also give raises, knowing that Walmart is now paying $11.
Rents will soon necessarily skyrocket and many low-wage workers will become worse off than they were before the tax cuts.
With economic income inequality negatively affecting a sizable portion of people in the United States what can be done to reasonably decrease this inequality?
This problem, according to the data, seems to be getting worse, not better. If true, this means more and more people will be suffering and struggling as long as this issue remains unchecked.
You Tube Video (this video uses an easy to understand graph that puts the articles listed above in an easy to understand format) Wealth Inequality in America:
Roads have to be built, railroads have to be maintained, we need someone to answer the phones when we dial the local emergency number and people to come to our rescue when called (police, fire, EMS) etc. etc. . The list goes on and on. Reasonable things cost money.
If we lower the tax on everyone this helps everyone financially but this will not get these reasonable expenses covered. If we raise taxes on everyone, these reasonable things are better covered but it negatively affects everyone financially.
The question also must be asked, is $1 to a person who makes $20,000 a year the same thing as $1 to someone making $200,000 a year?
Income inequality is a meaningless stat and means nothing.
Country D - Person A makes $100k/yr and person B makes $1 million/yr
Country E - Person A makes $20k/yr and person B makes $25k/yr
Income inequality is much greater in Country D, but I much rather be person A have that disparity than the more income equitable Country E.
A degree of capitalism may be great but unregulated capitalism is the complete opposite of a fair system for the majority and for the greater good.
While there are some exceptions to this (as with everything), what unregulated capitalism is good for are for the few (whether it be superhuman type talents, or the minority already in possession of wealth and/or power). Overall, as with most things not in moderation, unregulated (not moderated) capitalism is not good for the majority.
Capitalism in the U.S. is incredibly far from unregulated.
Income inequality is a meaningless stat and means nothing.
Country D - Person A makes $100k/yr and person B makes $1 million/yr
Country E - Person A makes $20k/yr and person B makes $25k/yr
Income inequality is much greater in Country D, but I much rather be person A have that disparity than the more income equitable Country E.
no one really cares about income inequality
all everyone cares about is getting theirs, once they have it, they don't particularly care about the rest
ask all the income inequality people why they don't invite the homeless into their homes and feed them? because they don't care that their own lives are better than other people, all they see is that other people have more than themselves
all everyone cares about is getting theirs, once they have it, they don't particularly care about the rest
ask all the income inequality people why they don't invite the homeless into their homes and feed them? because they don't care that their own lives are better than other people, all they see is that other people have more than themselves
I "have mine" and work homeless shelter. I care about people even though I have mine but I see firsthand the unfairness on the majority of this largely unregulated capitalistic society. Thats why I created this thread and why I chose line of work.
Capitalism in the U.S. is incredibly far from unregulated.
I disagree with this statement. While this country has some degree of regulation, it is not "incredibly far from unregulated."
If a "0" is no regulation, a "5" is the middle of the road/reasonable and fair regulation benefiting the majority (think Sweden as an example) and a "10" is communism, the US sits at a 2 or a 3. Room for improvement and not "incredibly far from unregulated".
I "have mine" and work homeless shelter. I care about people even though I have mine but I see firsthand the unfairness on the majority of this largely unregulated capitalistic society. Thats why I created this thread and why I chose line of work.
I don't understand then why you would mock Walmart's increase in starting pay. They are the one company that is most likely to hire people who've had hard times, like the people who end up in a shelter, the ones who are still able to work.
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