drharris
Joined 14 years ago
Joined 14 years ago
Right now we make good money (gotta love computing), and because of my habits the money fight is nonexistent in our family. If anything, I find myself constantly fighting to buy our kids less crap. I saw both kinds of kids growing up, and it's a really interesting thing to see how they are now as thirty-somethings. Many of the kids like me are in my boat now - even those who don't have education and professional jobs. Kids who got everything are now suffering in the current economy. It's a stark and obvious difference, at least where I'm originally from.
It's a nice life this way. I like getting a bunch of money for Christmas, and splurging on a tea mug and a set of digital calipers. Everything else is invested in the hope of early retirement. I hope my kids can see what I'm doing and do the same.
> Wealth, more evenly distributed, would give more people a greater chance at, in turn, creating more wealth.
Yes and no. Look at lottery winners (or other windfall recipients) as an example that the average person cannot create wealth. Some people are able to create wealth and most are not. Let's say Bill Gates does indeed give every person that shares his picture on Facebook $5000 dollars. Most people will waste it, some will use it to pay down debt, and a small percentage will create wealth from it. I think there are two groups that could potentially benefit the most from this. Upper lower class folks can easily put this money toward education and skills that would have a net positive. Upper middle class folks might potentially start new businesses and markets which have a definite impact.
If people have a problem with current wealth distribution, there is a very easy (not easy in the sense of doing it, rather in understanding it) way to reallocate it - get out of debt. Debt is one of the main ways rich people get richer, by reallocating money from the poor to the rich. Getting rid of their main source of income would force them to invest in real, tangible businesses that solve real problems (because presumably without debt, nobody is buying a new TV yearly anymore). I believe debt is the primary source of economic stratification right now, not income.
> In terms of large corporations, I do think it would be more beneficial to split the money more evenly amongst the people who helped create the wealth.
Amen to this. This culture where CEOs earn 20x the average employee salary is screwed up. Also, it would be beneficial if they didn't own every politician ever created, but that's another story.