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People can question all they want about why wealth is not trickling down but that doesn’t change the underlying analysis or outcomes around why this is a bad id

People can question all they want about why wealth is not trickling down but that doesn’t change the underlying analysis or outcomes around why this is a bad idea. You may get income redistribution and trickle down but if it changes the underlying systems that create wealthy, those same people will just end up poorer but more equitable.

dmode 6y ago
Is there any evidence for that assertion ? I mean you take any European country such as Norway, Denmark, Netherlands, Switzerland, UK, and even France. Where taxes are remarkably high, and definitely far fewer billionaires per capita. Europe has better health outcomes, better income equality, and extremely low poverty rate compared to the US. [1] [1] https://data.oecd.org/netherlands.htm https://data.oecd.org/netherlands.htm
- alentist 6y ago
  Note: Income inequality [0] and poverty rate [1] are in-distribution relative measures, not absolute measures. You could “improve” these measures by making everyone worse off (i.e. a Pareto worsening). [0] https://data.oecd.org/inequality/income-inequality.htm https://data.oecd.org/inequality/income-inequality.htm [1] https://data.oecd.org/inequality/poverty-rate.htm https://data.oecd.org/inequality/poverty-rate.htm
- gok 6y ago
  Norway, Sweden, Switzerland, and Iceland all have more billionaires per capita than the US.
  - inflagranti 6y ago
    And both Switzerland and Norway have a wealth tax.
    - gok 6y ago
      True, though in the case of Switzerland there is no capital gains tax
  - onlyrealcuzzo 6y ago
    Europe is not the egalitarian utopia most Americans seem to think it is. Germany's wealth gini coefficient is 79.1. The US is 85.9 (100% is complete inequality, higher is worse). Sweden and Norway are both in the 80s also -- two countries people in the US constantly point to as places where things are "fair". But in terms of wealth (and income) inequality, it's not that much different. https://www.gfmag.com/global-data/economic-data/wealth-distribution-income-inequality https://www.gfmag.com/global-data/economic-data/wealth-distr...
    - apexalpha 6y ago
      Well in defense of the European countries, the wealth might be unequally distributed here as well, but you also don't need wealth/money for education, health care, child care and/or pension.
      - R0b0t1 6y ago
        If you don't need money you need luck, especially for education. There are limited seats. And in Germany, you are on track for university or not when you are very young.

dmode 6y ago

Is there any evidence for that assertion ? I mean you take any European country such as Norway, Denmark, Netherlands, Switzerland, UK, and even France. Where taxes are remarkably high, and definitely far fewer billionaires per capita. Europe has better health outcomes, better income equality, and extremely low poverty rate compared to the US. [1] [1] https://data.oecd.org/netherlands.htm https://data.oecd.org/netherlands.htm

alentist 6y ago
Note: Income inequality [0] and poverty rate [1] are in-distribution relative measures, not absolute measures. You could “improve” these measures by making everyone worse off (i.e. a Pareto worsening). [0] https://data.oecd.org/inequality/income-inequality.htm https://data.oecd.org/inequality/income-inequality.htm [1] https://data.oecd.org/inequality/poverty-rate.htm https://data.oecd.org/inequality/poverty-rate.htm
gok 6y ago
Norway, Sweden, Switzerland, and Iceland all have more billionaires per capita than the US.
- inflagranti 6y ago
  And both Switzerland and Norway have a wealth tax.
  - gok 6y ago
    True, though in the case of Switzerland there is no capital gains tax
- onlyrealcuzzo 6y ago
  Europe is not the egalitarian utopia most Americans seem to think it is. Germany's wealth gini coefficient is 79.1. The US is 85.9 (100% is complete inequality, higher is worse). Sweden and Norway are both in the 80s also -- two countries people in the US constantly point to as places where things are "fair". But in terms of wealth (and income) inequality, it's not that much different. https://www.gfmag.com/global-data/economic-data/wealth-distribution-income-inequality https://www.gfmag.com/global-data/economic-data/wealth-distr...
  - apexalpha 6y ago
    Well in defense of the European countries, the wealth might be unequally distributed here as well, but you also don't need wealth/money for education, health care, child care and/or pension.
    - R0b0t1 6y ago
      If you don't need money you need luck, especially for education. There are limited seats. And in Germany, you are on track for university or not when you are very young.