- Joined
- 1 Apr 2016
- Messages
- 13,424
- Reaction score
- 540
- Country
Firstly, no, I don't think wealth should be redistributed, but you obviously do. There are a lot of greedy people earning more than they deserve, and that should be tackled, but why shouldn't those who work hard be entitled to what they earn. But if people don't have any incentive to better themselves, then they wouldn't bother working harder, and they wouldn't earn more, and they wouldn't pay more tax in the process. The top 1% of the wealthiest people pay 27% of the tax take, so wealth is being taken from the rich, and redistributed to the poor - it's just not that obvious, nor in the way some would like.
Mandleson and Blair (you do know who they are) are both multi millionaires, Corbyn, Alistair Campbell and a lot in the Labour government are so well off, that whilst they are socialists, and well off enough to enjoy much nicer lifestyle than most of the people they profess to represent, and well off enough to enjoy more than the odd bottle of champagne.
If everyone were allowed to work a 4 day week, then more people would need to be taken on part time, but the wages bill would rise, and prices would have to rise accordingly - Oh yeah, then people would want a pay rise, and the company would eventually go out of business. Oh dear, now they are on benefits, and getting less than when they worked a 5 day week. Oh wait, lets take the money from the rich and redistribute it. Good idea, then when all the moneys been redistributed, and there's no rich people buying things, and say Harrods goes out of business, they stop buying goods from abroad, so people in China lose their jobs, and the staff who worked in Harrods don't go to the nearby coffee shops, so they shut down, or some of them get laid off, and they can't buy as much from tescos, so Aldis prospers at Tescos expense, and so the system goes into a recession that it never recovers from.
Those who scream for wealth distribution, often what it taken from someones else, but not themselves. Interesting how Lilly Allan and Benedict Cumberbatch harangued everyone for not taking in more refugees, but then decided that they weren't actually able to take any in themselves, but they really really wanted to.
Society should support those in need, but allow those who want to work to better themselves. Social mobility should be encouraged, but the Grammar schools got shut down, and social mobility stopped, and this alone shows that great levelling ideas, often work against those that they are supposed to help.
Trickle down theory has been debunked. It's toast but you are free to repeat its arguments - it's another fallacy like the broken window fallacy - (If I smash this window it will create work for a glazer who then will spend the money in the shop etc..)
I can't believe people still hold onto ideas that have been dismantled.
Again I don't understand what you mean by wealth redistribution as you seem to confuse income and wealth and then segue into taxes.
How do you determine someone is greedy and earning more than they deserve? Who calculates this?
Again you can't take one tax in isolation - we don't just pay a single tax - here is a simple guide - https://fullfact.org/economy/what-do-wealthiest-pay-tax/
So people who are rich and educated cannot represent people who are not rich and educated. So MP should be representative of their public? Then who is Mr Average?
As to the 4 day week. Look at these tables for the hours worked and worker productivity and gdp per person.
https://stats.oecd.org/Index.aspx?DataSetCode=ANHRS
http://stats.oecd.org/index.aspx?DataSetCode=PDB_LV
Doggit I think you have simplified the economics system down too much and any conclusions you draw like above are really not warranted.