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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
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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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