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Panthro

Wealth Inequality in America

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^Panthro needs to give me $500.

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So what is the solution?

A really big version of one of those machines that blows all the cash around and the person inside tries to catch it

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wonder how that corresponds to people sitting around on their asses waiting for the government to fix their lives because they think they're entitled to it

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So what is the solution?

So you agree with the problem?

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So you agree with the problem?

Sort of. I don't have a problem with wealth inequality per se and many will argue it's not that bad of a think in a semi-capitalist healthy economy. The "solution" for wealth inequality is wealth redistribution.

What I have a problem with is opportunity inequality. Whether we want to believe it or not, some people are born without a chance. Fix that and I don't care that the rich are rich.

I just don't think tax policy and welfare programs are the solution to providing opportunity but I haven't written my thesis yet on what the true solution is.

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the problem starts with the anti-success mentality that pervades low income cultures

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the problem starts with the anti-success mentality that pervades low income cultures

while i agree it's a problem, that mentality didn't fall out of the sky. institutional inequality didn't rise up to meet low expectations.

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wonder how that corresponds to people sitting around on their asses waiting for the government to fix their lives because they think they're entitled to it

Very little.

The reality is policies and laws have been written by those with money in a way that benefits them the most.

I learned from my accountant that I don't have to pay taxes on any of the money I got for renting my house for the DNC because of a law called the "Augusta Rule." Basically rich people that owned property in Augusta had tax law re-written so that if you rent your home for less than 10 days per year you don't have to pay any income taxes on it...because they all make a healthy amount of money renting their homes to golfers, sponsors, etc during the Augusta National Golf Tournament.

While that law doesn't contribute to the wealth inequality in the U.S. it is a very visible policy that clearly demonstrates policies put in place by the wealthy to benefit themselves. There are hundreds, thousands even, of other, lesser visible policies that have allowed the richest people in the country to vastly increase their wealth in the last 30 years.

I'm not sure how you fix the problem though and I'm not going to pretend like I have the solutions.

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