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Old 12-22-2011, 07:47 AM
 
Location: Fort Worth, TX
9,396 posts, read 15,085,572 times
Reputation: 6257

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Quote:
Originally Posted by Workaholic? View Post
Rick Santorum said this in Iowa and got lots of people angry: "I’m for income inequality. I think some people should make more than other people, because some people work harder and have better ideas and take more risk, and they should be rewarded for it. I have no problem with income inequality."

What do you think? Is he right that a logical person should believe that some people should make significantly more money than others based on how society views their contribution. Should an Accountant sitting in a comfortable office make twice what someone working road construction in the rain, heat and wind makes? Many people think the road construction worker should make more money because he is working harder than the Accountant.

So... what do you think? Do you believe in income inequality?
The reason the accountant makes more money is because they have a skill that is rarer and in higher demand than construction. There are certain construction specialties that certainly pay well, but you average bricklayer is just that - a bricklayer.
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Old 12-22-2011, 07:47 AM
 
20,950 posts, read 18,252,014 times
Reputation: 10270
Quote:
Originally Posted by Yooperkat View Post
Unions distort what someone is worth.


Push a button - make $30 per hour.
Exactly!

Train a monkey and he can do it for banana's.

No offense intended to button pushers.
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Old 12-22-2011, 07:47 AM
 
Location: Wisconsin
32,611 posts, read 18,364,631 times
Reputation: 10961
Quote:
Originally Posted by Workaholic? View Post
Rick Santorum said this in Iowa and got lots of people angry: "I’m for income inequality. I think some people should make more than other people, because some people work harder and have better ideas and take more risk, and they should be rewarded for it. I have no problem with income inequality."

What do you think? Is he right that a logical person should believe that some people should make significantly more money than others based on how society views their contribution. Should an Accountant sitting in a comfortable office make twice what someone working road construction in the rain, heat and wind makes? Many people think the road construction worker should make more money because he is working harder than the Accountant.

So... what do you think? Do you believe in income inequality?
It's only common sense. If you make a better mouse trap, you should be able to charge more money for it, then a less effective one.
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Old 12-22-2011, 07:51 AM
 
3,457 posts, read 3,471,482 times
Reputation: 1544

http://en.wikipedia.org/wiki/File:NY...ncialShare.jpg

What , exactly, do these people PRODUCE ?



“The most important financial innovation that I have seen the past 20 years is the automatic teller machine, that really helps people and prevents visits to the bank and it is a real convenience."

“I wish someone would give me one shred of neutral evidence that financial innovation has led to economic growth — one shred of evidence.”

-Paul Volcker, Former Federal Reserve Chairman
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Old 12-22-2011, 07:51 AM
 
2,112 posts, read 2,580,879 times
Reputation: 1772
Of course I do.

If we don't have income inequality then we won't have motivation to work.
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Old 12-22-2011, 07:53 AM
 
20,950 posts, read 18,252,014 times
Reputation: 10270
Quote:
Originally Posted by Cletus Awreetus-Awrightus View Post
File:NYUGDPFinancialShare.jpg - Wikipedia, the free encyclopedia

What , exactly, do these people PRODUCE ?



“The most important financial innovation that I have seen the past 20 years is the automatic teller machine, that really helps people and prevents visits to the bank and it is a real convenience."

“I wish someone would give me one shred of neutral evidence that financial innovation has led to economic growth — one shred of evidence.”

-Paul Volcker, Former Federal Reserve Chairman
Here come the charts!
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Old 12-22-2011, 07:54 AM
 
3,457 posts, read 3,471,482 times
Reputation: 1544
Quote:
Originally Posted by alphamale View Post
Here come the charts!
What, alpha males don't like charts?

Notice how the little black line increased, right before the Great Depression?
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Old 12-22-2011, 07:57 AM
 
3,566 posts, read 3,584,958 times
Reputation: 1364
Quote:
Originally Posted by hoffdano View Post
I have no problem with income inequality. There is no reason to believe otherwise. The reality of your example is that almost anyone can do road construction while far fewer can do accounting. Since there is a need for accountants, they are paid more.

Two people doing the same job equally well should be paid the same.
This is a bit off topic, but if we had a flat tax we wouldn't need so many accountants or lawyers.
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Old 12-22-2011, 08:04 AM
 
4,015 posts, read 5,737,703 times
Reputation: 3897
Quote:
Originally Posted by Workaholic? View Post
Rick Santorum said this in Iowa and got lots of people angry: "I’m for income inequality. I think some people should make more than other people, because some people work harder and have better ideas and take more risk, and they should be rewarded for it. I have no problem with income inequality."

What do you think? Is he right that a logical person should believe that some people should make significantly more money than others based on how society views their contribution. Should an Accountant sitting in a comfortable office make twice what someone working road construction in the rain, heat and wind makes? Many people think the road construction worker should make more money because he is working harder than the Accountant.

So... what do you think? Do you believe in income inequality?

Here's the difference (and maybe it's already been mentioned, havent' read the whole thread).
The account, although sitting at a desk with a computer and not physically 'working hard', probably doesn't punch his clock at 5 PM, go home and not think about work until punching in again at 9AM like someone in unskilled/blue collar job might do. The accountant is probably working late, taking work home with him, possibly working some weekends, etc but not getting time and a half to do so like a road construction worker would do.
Also, most blue collar workers are commodities, not based on intellect or ideas and the ability to problem solve like white collar workers paid to make decisions and improvements.
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Old 12-22-2011, 08:07 AM
 
4,015 posts, read 5,737,703 times
Reputation: 3897
Quote:
Originally Posted by GregW View Post
My problen is with the guy that owns the factory and lives off the profit created by your brother and cousin without having to actually do anything.
Sorry Greg but that's a bunch of BS. The guy that owns the factory probably sacrificed and risked a helluva lot to one day have the chance to reap the fruits of his labor and risk.
People that are willing to take the risk to start or invest in a business deserve everything good that may come to them and yes, I said "deserve".
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