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Old 11-16-2013, 06:18 AM
 
Location: NE Ohio
30,194 posts, read 16,513,141 times
Reputation: 8847

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I would like the Leftists to explain the term "income inequality." What is it? How does it occur, and what should be done to correct it?

In your posts, please discuss wealth, wealth distribution, wealth creation, and the moral issues involved in creating wealth, which would include the right to own property, and the right to the fruit of ones labor, and the exclusive right to ones intellectual property.

You may also want to answer the following:
  1. How does one improve ones standard of living; i.e., rise from poverty to middle class, to wealthy?
  2. How should one put their money to work?
  3. What does it mean to own stock?
  4. What obligations does a company have to it's employees?
  5. What obligations does an employee have to his employer?
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Old 11-16-2013, 06:40 AM
 
Location: Missouri
3,735 posts, read 3,080,855 times
Reputation: 1613
Not an expert opinion here;

Consider income equality where everyone in the population earns an equal amount no matter how a person earns it versus income inequality where people earn differing amounts depending on what people are willing to pay others and/or what payment people are willing to accept from others.

I didn't realize that income inequality was something to be corrected.

Now the degree of inequality can be a problem in that if there is a large degree of difference in inequality then most of the wealth of an entire population can be tied up into a small portion of the population. If one believes that the economic growth of a nation is based on consumption; then a small portion of the population can only consume so much. And, if the majority of earners can only consume staples, then a whole lot of potential consumers of luxuries is wasted, and economic growth suffers.


I think...

Last edited by geofra; 11-16-2013 at 07:09 AM..
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Old 11-16-2013, 07:05 AM
 
544 posts, read 519,039 times
Reputation: 472
It sounds like the OP is trying to get help with his Economics assignment... Shame on you OP.
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Old 11-16-2013, 07:09 AM
 
275 posts, read 163,045 times
Reputation: 115
Quote:
Originally Posted by HappyHarley View Post
It sounds like the OP is trying to get help with his Economics assignment... Shame on you OP.
Too hard for you to answer so you attack the OP?
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Old 11-16-2013, 07:18 AM
 
Location: Missouri
3,735 posts, read 3,080,855 times
Reputation: 1613
Quote:
Originally Posted by HappyHarley View Post
It sounds like the OP is trying to get help with his Economics assignment... Shame on you OP.
Actually, this has the potential of being a good discussion. I'm shocked that it was posted in this forum and not in the Great Debates forum.

Sorry OP for going off topic.
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Old 11-16-2013, 07:33 AM
 
33,046 posts, read 21,886,711 times
Reputation: 8958
Quote:
Originally Posted by nononsenseguy View Post
I would like the Leftists to explain the term "income inequality." What is it? How does it occur, and what should be done to correct it?

In your posts, please discuss wealth, wealth distribution, wealth creation, and the moral issues involved in creating wealth, which would include the right to own property, and the right to the fruit of ones labor, and the exclusive right to ones intellectual property.

You may also want to answer the following:
  1. How does one improve ones standard of living; i.e., rise from poverty to middle class, to wealthy?
  2. How should one put their money to work?
  3. What does it mean to own stock?
  4. What obligations does a company have to it's employees?
  5. What obligations does an employee have to his employer?

I object on the ground that most conservatives do not support the right of poor and low-wage workers to own property i.e. the premise of this thread is deficient.
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Old 11-16-2013, 07:51 AM
 
275 posts, read 163,045 times
Reputation: 115
Quote:
Originally Posted by freemkt View Post
I object on the ground that most conservatives do not support the right of poor and low-wage workers to own property i.e. the premise of this thread is deficient.
You can buy property... Or do you expect property to be given to you. If you can't afford to buy you should be thanking the rich after all the governments answer are those high rises. If it weren't for real estate investors you would have two choices, live in the streets or live in government high rise.

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Old 11-16-2013, 08:31 AM
 
Location: NE Ohio
30,194 posts, read 16,513,141 times
Reputation: 8847
Quote:
Originally Posted by HappyHarley View Post
It sounds like the OP is trying to get help with his Economics assignment... Shame on you OP.
Nope. Not taking any economics, and I wouldn't consider "Income inequality" as a valid topic for an economics class, because "income inequality" is stricktly an invention of the Left.
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Old 11-16-2013, 08:32 AM
 
Location: NE Ohio
30,194 posts, read 16,513,141 times
Reputation: 8847
Quote:
Originally Posted by geofra View Post
Actually, this has the potential of being a good discussion. I'm shocked that it was posted in this forum and not in the Great Debates forum.

Sorry OP for going off topic.
No problem, and I also thought it would be a good discussion.
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Old 11-16-2013, 08:35 AM
 
33,046 posts, read 21,886,711 times
Reputation: 8958
Quote:
Originally Posted by Isee-you View Post
You can buy property... Or do you expect property to be given to you. If you can't afford to buy you should be thanking the rich after all the governments answer are those high rises. If it weren't for real estate investors you would have two choices, live in the streets or live in government high rise.

??? Several years go I tried to buy a tiny house and government got in the way. check your local zoning code but you probably can't buy or sell a tiny property where you live.
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