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Income Inequality: Fact And Fiction
Forbes ^ | Jan 24, 2014 | Mark Hendrickson,

Posted on 01/25/2014 9:00:29 PM PST by Innovative

Americans who hope for more such “fairness” should be very worried about Obama’s agenda. Yes, it sounds very much like what they want, but if Obama’s presidency has demonstrated anything, it is that he produces results that are the opposite of what he preaches (Exhibit A: Obamacare).

Government redistribution designed to reduce income inequality rewards and subsidizes those who are less productive and penalizes the productive. The result is that the ranks of the unproductive swell while those of the wealth-producers shrink. Society gets poorer.

(Excerpt) Read more at forbes.com ...


TOPICS: Business/Economy; Editorial; Government; News/Current Events
KEYWORDS: economy; incomeinequality; obama; obamacare
Exhibit A: communist countries that went broke after they ran out of people from whom to take away wealth, since nobody had any incentive to do productive work.
1 posted on 01/25/2014 9:00:29 PM PST by Innovative
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To: Innovative

Income inequality hurts economic growth, researchers say

http://www.washingtonpost.com/business/economy/income-inequality-hurts-economic-growth-researchers-say/2014/01/24/cb6e02a0-83b0-11e3-9dd4-e7278db80d86_story.html

Now, a new paper argues, inequality is not only bad for those at the bottom. It is also bad for economic growth as a whole and a major reason why the recovery from the Great Recession has been so weak.


2 posted on 01/25/2014 9:02:16 PM PST by Innovative ("Winning isn't everything, it's the only thing." -- Vince Lombardi)
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To: Innovative

Dang, still waiting to hear what the correct wage distribution is. Not sure if I’m earning enough, too much, etc.


3 posted on 01/25/2014 9:05:48 PM PST by andyk (I have sworn...eternal hostility against every form of tyranny over the mind of man.)
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To: Innovative

more of the non working people wanting mo money for no work.


4 posted on 01/25/2014 9:07:01 PM PST by oldenuff2no ("For which she should be charged with and face a jury. Not summarily executed.")
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To: Innovative
what the rich make, has absolutely NO bearing on how much I make!

they print more money EVERY, SINGLE, DAY... it's up to ME as to how much of it I bring home.

5 posted on 01/25/2014 9:07:25 PM PST by Chode (Stand UP and Be Counted, or line up and be numbered - *DTOM* -vvv- NO Pity for the LAZY - 86-44)
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To: Innovative
"...if Obama’s presidency has demonstrated anything"

...it is that the media will never again be able to disrupt a campaign because of a candidate's past drug use, alleged or real.

6 posted on 01/25/2014 9:08:20 PM PST by Baynative (Got bulbs? Check my profile page.)
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To: Innovative

Commies never talk about Economic MOBILITY, they always whine about Economic Equality...


7 posted on 01/25/2014 9:09:24 PM PST by GraceG
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To: andyk

[ Dang, still waiting to hear what the correct wage distribution is. Not sure if I’m earning enough, too much, etc. ]

If you told a dim about your problem no doubt they would suggest to re-distribute some of that excess back to the DNC....


8 posted on 01/25/2014 9:10:37 PM PST by GraceG
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To: GraceG
Okay, now I'm totally kidding when I say this.

I'd like to redistribute some of my wages. In lead.

Hehe :)
9 posted on 01/25/2014 9:13:57 PM PST by andyk (I have sworn...eternal hostility against every form of tyranny over the mind of man.)
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To: Innovative

This is a big deal if you’re a political because the guy who gets to decide who is worth what, owns you.


10 posted on 01/25/2014 9:14:02 PM PST by marron
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To: Innovative

I believe the old Russian saying was “We pretended to work and they pretended to pay us”.


11 posted on 01/25/2014 9:24:04 PM PST by joshua c (Please dont feed the liberals)
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To: Innovative

http://www.tomhoefling.com/8/post/2014/01/crony-capitalism-socialism-legal-plunder.html

“Now, legal plunder can be committed in an infinite number of ways. Thus we have an infinite number of plans for organizing it: tariffs, protection, benefits, subsidies, encouragements, progressive taxation, public schools, guaranteed jobs, guaranteed profits, minimum wages, a right to relief, a right to the tools of labor, free credit, and so on, and so on. All these plans as a whole — with their common aim of legal plunder — constitute socialism.

Now, since under this definition socialism is a body of doctrine, what attack can be made against it other than a war of doctrine? If you find this socialistic doctrine to be false, absurd, and evil, then refute it. And the more false, the more absurd, and the more evil it is, the easier it will be to refute. Above all, if you wish to be strong, begin by rooting out every particle of socialism that may have crept into your legislation. This will be no light task.”

— Frederic Bastiat, the Law, 1850


12 posted on 01/25/2014 9:27:22 PM PST by EternalVigilance (With God all things are possible.)
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To: Innovative

income inequality

So the guy whose family vacation cost the American taxpayers 20+ millions of dollars is going to lecture us about income inequality?


13 posted on 01/25/2014 9:33:53 PM PST by SECURE AMERICA (Where can I go to sign up for the American Revolution 2014 and the Crusades 2014?)
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To: EternalVigilance
the more evil it is, the easier it will be to refute.

But refuting requires a free and open press. What happens when that press is on the side of evil?
14 posted on 01/25/2014 9:33:56 PM PST by andyk (I have sworn...eternal hostility against every form of tyranny over the mind of man.)
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To: andyk

Then we have to be the press.

Our founders won our independence with nothing more than broadsides printed on crude presses, and hand-written letters delivered by men on horseback.

We have cell phones, and computers, and the internet, and free email, and free social networks, and free web radio, and free web video, and free websites, and more.

If we fail to communicate with one another, it will be because we lack the will, not because we lack the means.


15 posted on 01/25/2014 9:44:06 PM PST by EternalVigilance (With God all things are possible.)
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To: Innovative

Why did the East Germans want to flee?
At risk of their lives?

They had all those great government benefits.


16 posted on 01/25/2014 9:49:10 PM PST by sickoflibs (Obama : 'If you like your Doctor you can keep him, PERIOD! Don't believe the GOPs warnings')
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To: sickoflibs

“Why did the East Germans want to flee?
At risk of their lives?

They had all those great government benefits.”

Exactly!


17 posted on 01/25/2014 9:51:37 PM PST by Innovative ("Winning isn't everything, it's the only thing." -- Vince Lombardi)
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To: Innovative

I bet inequality was pretty low in East Germany before the wall fell.


18 posted on 01/25/2014 9:56:01 PM PST by sickoflibs (Obama : 'If you like your Doctor you can keep him, PERIOD! Don't believe the GOPs warnings')
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To: sickoflibs

Yes everyone was equally poor, except the ruling classes, of course.


19 posted on 01/25/2014 10:04:34 PM PST by Innovative ("Winning isn't everything, it's the only thing." -- Vince Lombardi)
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To: Innovative

bkmk


20 posted on 01/25/2014 10:10:47 PM PST by AllAmericanGirl44
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To: Innovative

It is Obama’s goal that more people become poor so that more will become dependent on government and vote Democrat.


21 posted on 01/25/2014 11:39:45 PM PST by Steve_Seattle
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To: andyk
"But refuting requires a free and open press. What happens when that press is on the side of evil?"

What happens is what we've seen for the last five years - the press will NOT challenge government abuse of power.
22 posted on 01/25/2014 11:41:45 PM PST by Steve_Seattle
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To: Steve_Seattle

My bad, a correction: “What happens is what we’ve seen for the last five years - the press will NOT challenge government abuse of power if the president is a Democrat who pursues policies designed to destroy the country.”


23 posted on 01/25/2014 11:43:38 PM PST by Steve_Seattle
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To: Innovative

I think money should be removed from Sasha and Malia’s college fund to buy me a bunch of new stuff. I feel this would be “only fair”.


24 posted on 01/26/2014 12:20:07 AM PST by Impy (RED=COMMUNIST, NOT REPUBLICAN)
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To: Innovative
Obama’s inequality message is aimed at Blacks, Hispanics, immigrants, and poor white women, four groups who traditionally have very low turn out in off year elections.

If the Democrats can turn out those four groups at the same rate white voters turn out, the game is up for Conservatives.

In a democracy, the Left doesn't need to win the argument.

They just need to win the election.

25 posted on 01/26/2014 12:36:52 AM PST by zeestephen
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To: Innovative
Regardless of partisan preferences or political leanings NOBODY who wants the USA to prosper should favor political attempts to modify the natural disparities in labor, compensation that emerge in a market economy.

Doing so alters incentives in dangerous ways. AND NUTHIN CAN ALTER MOTIVATION LIKE A COLLECTION OF GOV'T GIVEAWAY PROGS.
26 posted on 01/26/2014 2:34:57 AM PST by jimsin
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To: Innovative

Every time they bring this up, we should say “yes, there is income inequality. Government workers make far more than comparable workers in the private sector. So let’s begin, Mr. President by removing oh, ten percent from government worker pay checks and transfer this to private sector workers. “

If we all do this, they’ll shut up about income inequality pretty quickly.


27 posted on 01/26/2014 3:04:14 AM PST by wayoverontheright
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To: Innovative

Simple three step plan for ending income inequality. It works every time it’s tried.

1.) Improve your value to the labor market by improving your skills and education
2.) Get a job.
3.) Work hard at that job.


28 posted on 01/26/2014 3:10:59 AM PST by abb
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To: zeestephen
n a democracy, the Left doesn't need to win the argument.

They just need to win the election.

That's why the vote should be denied to those on the dole. It's a conflict of interest for them to be voting.

29 posted on 01/26/2014 3:24:51 AM PST by cynwoody
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To: Innovative

income inequality: Just another focus-group/poll tested lib Rat talking point designed to deceive and distract low info voters. Seems like it appeared all at once everywhere after Christmas. Anybody else see the strategy at work?


30 posted on 01/26/2014 3:59:27 AM PST by Timber Rattler (Just say NO! to RINOS and the GOP-E)
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To: Innovative
Now, a new paper argues, inequality is not only bad for those at the bottom. It is also bad for economic growth as a whole and a major reason why the recovery from the Great Recession has been so weak.

Fallacy of the omitted variable. In a nutshell the government response to the Great Recession was to print money and give it to large banks. That's a great way to both continue the recession and increase income inequality.

31 posted on 01/26/2014 4:23:37 AM PST by palmer (Obama = Carter + affirmative action)
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To: Innovative

Inequality is the result of inequality.

For many reasons some just don’t have it. Being unequal makes them unequal


32 posted on 01/26/2014 4:31:13 AM PST by bert ((K.E. N.P. N.C. +12 ..... History is a process, not an event)
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To: Steve_Seattle
What happens is what we've seen for the last five years - the press will NOT challenge government abuse of power.

Unless it's a Republican, then they'll challenge 24/7/365.

33 posted on 01/26/2014 4:58:07 AM PST by GeorgiaDawg32 (www.greenhornshooting.com - Firearms training in Jacksonville, Fl.)
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To: Innovative

See tagline


34 posted on 01/26/2014 5:06:17 AM PST by Atlas Sneezed ("Income Inequality?" Let's start with Washington DC vs. the rest of the nation!)
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To: Innovative

ENvy, jealousy and covetousness now comes wrapped in a pios veneer called “income inequality” In this way sin struts about as high-minded virtue. Evil is now good.


35 posted on 01/26/2014 6:43:17 AM PST by all the best (`~!)
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To: Innovative
Income Inequality

What is "income equality"? Is it a ratio between two or more incomes? I assume every other ratio is incorrect and becomes income inequality. It is important to know what income equality is so you can recognize income inequality when you see it. Is there a target ratio we should seek?

“The worst form of inequality is to try to make unequal things equal.” Aristotle

“It is a wise man who said that there is no greater inequality than the equal treatment of unequals” Felix Frankfurter

I may just be afraid that discussing income inequality will be similar to discussing man caused global warming. Everyone is discussing it but no one knows what the atmospheric temperature should be.

A market-derived system of free enterprise capitalism must have unequal incomes. This will be true under any government whose primary function is to protect the property rights of its citizens. Other forms of government may have equal incomes, which means the citizens may be comfortable but they have nowhere to go.

36 posted on 01/26/2014 7:12:12 AM PST by MosesKnows (Love many, trust few, and always paddle your own canoe.)
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To: andyk
Dang, still waiting to hear what the correct wage distribution is. Not sure if I’m earning enough, too much, etc.

Your fair wage can be determined by adding your salary to that of (Oprah, Chuck Schumer, Rachel Maddow, Bill Gates, John Kerry, Al Gore - Take your pick) then dividing it by two. You get half and they get to keep half (unless you make more than they).

Choose one and be sure to write them tomorrow telling him/her that you COMPLETELY agree with their published statements on the need for an equitable distribution of wealth in this country. Be sure to get a Certified Check!

/s

37 posted on 01/26/2014 2:38:56 PM PST by BwanaNdege
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38 posted on 01/26/2014 3:55:15 PM PST by RedMDer (Happy with this, America? Make your voices heard. 2014 is just around the corner. ~ Sarah Palin)
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