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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.
A lot of goods and services would not be purchased and employment would probably decline, and decline and the same for productivity. The standard of living would decline.
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.
I agree! Only radical politicians with a socialist agenda try to use identity-politics to persuade the ignorant that the rich took their wealth from the poor ... and that they should be punished for building a fortune, by having their wealth re-distributed among the poor. (AKA: "Vote for me and I'll fix this 'injustice'").
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 of the rich would be rich again, but not all. There would be a shake up with a lot of different people landing in different situations. Probably a lot of successful and unsuccessful entrepreneurship would be attempted. It would be interesting, for sure.
Nothing major. There's really not that much money in the US economy. It's about $4,000 per capita. It would be disruptive for businesses that hold a lot of money for operations but otherwise nothing really would happen in the long-term. Maybe a short run spending spree and a few marginally attached workers leaving the work force in the short term. Otherwise not that much.
The people who have it all now would get it back again, the same way they got it in the first place: Diligence, determination, guile, and outright theft. The people who want wealth and power the most will give up everything, even principles, to get it.
This basically happened in Russia., in our lifetime. In 1990, it suddenly became a free market economy, productive capacity in place, in which everyone had the same wealth. An instant Mafia-like system formed, and the wealth was distributed according to their rules, and then a few people had it all. Americans stood by and watched and said "Isn't this grand!"
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.
Communism.
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