Ziggurat
Penultimate Amazing
- Joined
- Jun 19, 2003
- Messages
- 64,072
Can you show me any numbers that suggest this would be the case if the wages of the non-elite classes had risen on par with those of our masters?
I do not know what would have happened if reality were radically different than it is. But I have no reason to think this would be the case. Would benefits to old people have been reduced? I don't see how. Would young people have to pay less into the system? Doesn't seem likely. So while poor young people would be better off by not being as poor, they would still be paying into the system more than they will ever get back out of it.
Call me a naive liberal, but in my mind it seems like the real issue is that wealth is funneled to the rich people at a rate higher than it is funneled to the old people.
One of the problems with this sort of analysis is that for rich people, income is a very flexible thing. For example, capital gains don't need to become income, they only become income if the holder chooses to sell. Taxes provide an incentive to keep various increases in wealth from becoming income. If tax rates drop, then this incentive decreases, and more increases in wealth get turned into taxable income. The point is, you can't treat taxable income as a direct measure of wealth for the very rich. And you can't conclude that an increase in taxable income following a decrease in tax rates corresponds to how much wealthier they are becoming. It's just not that simple. So the metrics that you think indicate the wealthy were getting so much wealthier don't actually prove as much as you think they do.
If we fix that, the young people aren't going to be screwed. Just the rich people.
"Eat the rich" tends not to work so well. When you try to screw them over, they tend to just leave. And that doesn't help the poor, it hurts them.
And, that's basically the difference between the two extremes right now. I don't particularly have much of a problem with rich people being screwed -- after all, they are rich, and after all, they have been screwing everyone else for oh I dunno 50,000 years ? Since our ancestors could even communicate in grunts? Yeah, about that long. So call me extreme, I guess?
You aren't extreme, just mistaken. You're treating wealth like a zero-sum game, but it isn't.