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Old 02-01-2019, 04:53 PM
 
Location: Raleigh NC
8,316 posts, read 6,533,646 times
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Quote:
Originally Posted by Malloric View Post
Nothing major. There's really not that much money in the US economy. It's about $4,000 per capita.
please explain.

4k/capita is 1.3T.

GDP is 20T

maybe there's not more than 1.3T cold hard cash. but 16 US corps have 1T all by themselves
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Old 02-01-2019, 05:01 PM
 
28,618 posts, read 45,952,907 times
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Quote:
Originally Posted by LowonLuck View Post
What do you think would happen if all money was redistributed equally amongst everyone?

If the poor were suddenly put on an equal playing field, would the thrive? Or would they find themselves poor again?

Thoughts?

I personally think that within a short time, the rich would be wealthy again and the poor would be poor again. It is not what you make, but how you manage the money you have. So unless they had a crash course, they would continue making the same choices that put them in the poor house previously.


Some people need to be taught how to manage money
Some people have a talent for making money—willing to work extra shifts, willing to be inventive and create new products or go on a limb and start their own business
Some people have talents that other people are willing to pay to enjoy or share—like performers, chefs, designers, heart surgeons...

And some people don’t mind cheating and taking advantage of others—in a variety of ways

Check the stories on Perdue Pharma that wanted to own both sides of the opioid business—
Making people addicts and supply that need they helped create
Then market RX to treat people w/addiction to try to drop that addiction...
Those people are evil—worse than any Mexican drug loads—
And you have yet to hear Trump or anyone in the WH denigrate what that company did to addict Americans to enrich itself—its owners, its management, the doctors that took money to push drugs—
Why NOT???

So yes—if all the money in the world was divided equally I am sure some people would wind up with more after X amount of time

The problem IMO is not people HONESTLY making more money than someone else
But people who cheat to make and keep money unfairly
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Old 02-01-2019, 05:03 PM
DKM
 
Location: Thousand Oaks, CA
2,333 posts, read 794,374 times
Reputation: 2415
Quote:
Originally Posted by BoBromhal View Post
please explain.

4k/capita is 1.3T.

GDP is 20T

maybe there's not more than 1.3T cold hard cash. but 16 US corps have 1T all by themselves
Because money/wealth isn't stored in actual currency. That's why these questions don't even make sense because its property that gives us wealth. You can ask what if all property was taken and redistributed equally and the answer is it would diminish in value so everyone would be poor or worse. That's Russia circa 1920's.
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Old 02-01-2019, 05:10 PM
 
Location: Raleigh NC
8,316 posts, read 6,533,646 times
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so how much currency is there.
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Old 02-01-2019, 05:24 PM
 
Location: Ohio
18,622 posts, read 13,656,685 times
Reputation: 14645
Quote:
Originally Posted by LowonLuck View Post
What do you think would happen if all money was redistributed equally amongst everyone?

If the poor were suddenly put on an equal playing field, would the thrive? Or would they find themselves poor again?
They would be poor in short order.

Some people have a knack for making money work for them, but the majority of people don't. I don't, but I don't begrudge those who do, nor am I jealous of them.

I hope you're not actually talking about redistributing Wealth, because that's just a Liberal fantasy.

Estimated wealth was $88.7 TRILLION in 2016. It is alleged that 25% of Americans control 87% of it.

If we break this down, then 87% of $88.7 TRILLION is ~$77 TRILLION.

For the sake of argument, let's assume that $70 TRILLION is stocks, bonds and real estate, and the other $7 TRILLION is cash, personal homes, automobiles, aircraft, watercraft, and various arts and antiques (like a rare painting worth $1 Million).

The way that you liquidate stocks, bonds and real estate to convert them into cash is to sell them.

So, who, on this Earth, has $70 TRILLION in cash?

No one, nor any group of people, nor any government. All the governments together wouldn't have $70 TRILLION in cash.

What the US government seized the assets?

Okay, then the government has $70 TRILLION in assets, but no cash.

The government would have to sell the $70 TRILLION in assets to get cash, but there is no one to buy them.

As you can see, it's just a Liberal pipe-dream, because they're imbued with extreme jealousy.
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Old 02-01-2019, 05:34 PM
 
4,618 posts, read 2,401,704 times
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We already have a real life example of this to look to.



Giving poor people "free money" doesn't do much, and they usually remain poor.
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Old 02-01-2019, 05:49 PM
 
19 posts, read 1,872 times
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You nailed it---great chart.
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Old 02-01-2019, 05:59 PM
 
1,023 posts, read 303,175 times
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And so did Mircea. Great reasoning. Or, maybe we have several families move into a great mansion and share it. Remember the scene in Dr. Zhivago?
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Old 02-01-2019, 06:06 PM
 
Location: The Driftless Area, WI
2,239 posts, read 795,111 times
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some basic arithmetic: US GDP ~$18T US population ~300M--- 18T/300M= $60,000/head--ie- mediocre income; no "Extra Money" for investment/R&D etc etc Things would grind to a halt.


But the concept does appeal to all the low info/ shallow thinking voters. Occasional-Cortex could be our next President.


ps/ And if everyone were a millionaire, who would pick up the trash?
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Old 02-01-2019, 06:20 PM
 
Location: Upstate NY
32,771 posts, read 9,674,182 times
Reputation: 31043
Quote:
Originally Posted by LowonLuck View Post
What do you think would happen if all money was redistributed equally amongst everyone?

If the poor were suddenly put on an equal playing field, would the thrive? Or would they find themselves poor again?

Thoughts?









I personally think that within a short time, the rich would be wealthy again and the poor would be poor again. It is not what you make, but how you manage the money you have. So unless they had a crash course, they would continue making the same choices that put them in the poor house previously.


You've bought into the fallacy that earned income is a "pie" to be sliced and distributed. It's not.

As for what would happen, plenty of "poor" people walk out of H&R block annually with thousands of dollars in tax "refunds" (refundable credits), and they remain just as poor.

Makers gonna make, invest and save; takers gonna take and spend.
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