The old leftie Henry ford had the crazy idea of paying his...

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grindstone cowboy

21,356 Posts.

129

09/12/16

21:26

Post #: 21240071
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Originally posted by boatboy ↑

" The IMF study comes with caveats. The dataset is from a wide range of countries, some with better available data than others. Also, inequality is far more skewed in developing countries than in countries with advanced economies, producing possible outliers."

The only way to increase the income of the poor is to give them a job...correct? A lot of people are "poor" essentially because they are lazy.
...the idea of income equality where we give ALL our money to the Government and they dole it out evenly to the population will not ever be a logical nor sustainable option.

Many Communist countries have tried that...everybody working for the Government and everything owned by the Government. What they found was productivity dropped off markedly as there was no incentive to improve one's position nor work harder just to support the lazy. The whole scheme fell over and the money dried up.
They found they had to give incentives and allow people to make their own way and improve their own lot in life...they created jobs for others to work and improve their own situation.

Trickle down economics works...it is the only sustainable option. Allow people to work hard and create wealth and have incentives to create jobs for others...ie tax breaks.

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The old leftie Henry ford had the crazy idea of paying his workers the highest wages in manufacturing at the time so that even his workers could afford his model t ford. Thereby changing society and stupidly helped make the USA the richest country on earth. If only he had employed 'trickle down economics' paid his top managers $100's of millions and his factory workers peanuts , Germany could have taken over as the world leading industrial power.
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