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Kasz216 on 22 March 2010
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tombi123 said:
TheRealMafoo said:
@tombi123
No, it's great to be rich. Funny thing is, this helps the rich.

Here is a fun exercise to think about. Let's say we had 10 people in a country, and 2 made 100,000 a year, and 8 made 10,000 a year. let's say that country then made a law that said "no one should make less then 15,000 a year!", and took 20k each from the rich, and gave 5K each to the poor".

Now you have two people with 80K a year, and 8 people with 15K a year, with 1/3 of there income just given to them.

Now, who do you think that hurts the most? Think about that for a bit. Who losses, and who wins?

The poor guys did pretty well there and the two rich guys got pwned! 

You're going to have to explain why the two rich guys won...

It's the "1/3rd" of there income was just given to them part... or at least I'd think so.

He's argueing that when you give people money rather then make them earn it.  They're less likely to become good with money and therefore more likely to stay poor rather then now where the US is fairly dynamic when it comes to upword (and downward) mobility.

Those poor are now dependent on the government and the rich.

Right now the US is actually quite good when it comes to upword mobility.

 

Around 50% of the people in the lowest quintile will have moved into a higher quintile in 10 years.  While in 10 years, only 25% of the top 1% will still be in the top 1%.