Re: How Americans view wealth and equality.

http://www.bbc.co.uk/news/business-19284017

Is there another answer to the conundrum the research postulates? Perhaps it's the "American Dream"; the dangerous notion of self-determination. That everyone has it in their own destiny to be rich. Perhaps when self-determination is removed, self-interest comes to the fore and a more egalitarian model is favoured.

Luckily (for the American model) Hollywood - despite being left-wing - inadvertently promotes the American dream. And that's irony.

Re: How Americans view wealth and equality.

I don't like that test. Of course people are going to favor an egalitarian society when you include such conditions. That also highlights the problem with Rawls' theory. What rational people would choose to do under the scenario you give them is different from morality.

If I were asked the same question, of course I would choose the option that gave me the most wealth. But in real life, that is no compelling argument for redistributing wealth. Instead, I believe in a society with minimal restraints, meritocracy and equality of opportunity. While there's no doubt in my mind that America's upper 1/10 of a percent are rent-seekers, I'm not in favor of confiscating their assets either. What is done is done, and we need to move on. We can do that by improving transparency in government, limiting the influence of money in politics, and lifting the barriers to entry these plutocrats created to limit their competition. Tying their hands to decide elections and fair economic competition will cut them down to size.

I also find it amusing that the article mentions Sweden as a model. It seems the Swedes are desperate to export their government and legal models all the time, and frankly, all I see is misandrist radical feminists.

Re: How Americans view wealth and equality.

http://www.palgrave.com/economics/tresch/example/pdfs/Example%205.1%20Social%20Mobility%20in%20US.pdf


Of people born into the 2nd lowest quintile in 1968, 19% sank to the bottom quintile, 25% stayed put, and more than half moved up.

The core joke of Hitchhiker's Guide to the Galaxy is that of course no civilization would develop personal computers with instant remote database recovery, and then waste this technology to find good drinks.
Steve Jobs has ruined this joke.

4 (edited by The Yell 20-Aug-2012 17:00:25)

Re: How Americans view wealth and equality.

and it's a lot more than 84% when you consider the movie rights to their life story, the insurance payments on the movie and the servicing of that insurance contract.

That's not a joke. I just created wealth out of nothing.  It's silly only because I pitched it to YOU, who have nothing, instead of millionaires, who might throw something behind it.* Do it enough, you got an industry.  Then it needs lobbyists ($) and ethical advisors to the lobbyists ($$) and probably studies of the failures of ethical counseling to the industry ($$$).






* oh yeah? WTF is "Atlas Shrugged: The Movie"?**

** I'd rather watch Ian McKellen, Patrick Stewart, Lauren Bacall and Michael Gambon sip whiskey in a studio and READ Atlas Shrugged than this movie , but it still got made

The core joke of Hitchhiker's Guide to the Galaxy is that of course no civilization would develop personal computers with instant remote database recovery, and then waste this technology to find good drinks.
Steve Jobs has ruined this joke.

Re: How Americans view wealth and equality.

Yell, yes but for upward social mobility either people must also go down... or you need ever greater number of poor immigrants to undertake the work of the bottom quintile.

Wealth is different of course to the movement of money. I could make 1 million dollars a year, rent a car, rent a house, own just 2 suits, and spend all my money in restaurants, on holidays, on dating women, etc. I'd make a million but have no wealth. The 40% who have just 0.3% of the wealth don't all make a million bucks a year, that's pretty certain. However, just because they have no 'wealth' it doesn't mean they are cash poor - just asset limited.

The 1968 model can be explained quite sensibly. I am 25. I have just finished my degree and have just started. $10000 job. By 1978 I am 35 and make $25000 and part own my home. By 1988 I am on $50000 have paid my mortgage and am about to buy a Lexus. By 1998 I am 55, make $90000 and have an investment portfolio.

It isn't actually modelling social mobility really. The study is a fail unless you take only 1 year holds and record where they end up.

Re: How Americans view wealth and equality.

By a decade the vast majority of 'poverty level' people have moved up and out of poverty.

Voila proof you can leave your status behind exists!

Everything bad in the economy is now Obama's fault. Every job lost, all the debt, all the lost retirement funds. All Obama. Are you happy now? We all get to blame Obama!
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Re: How Americans view wealth and equality.

>>Yell, yes but for upward social mobility either people must also go down... or you need ever greater number of poor immigrants to undertake the work of the bottom quintile.<<

False.

The bottom "quintile" means nothing more than "that equal fifth of the population whose wealth is lowest".  There is absolutely no requirement that anybody move down at all.
In fact what you see in developing countries is the definition of lowest wealth quintile move steadily upwards.  Whereas in 1810 that bottom fifth might have made 0-$25000 adjusted for inflation, today it might hit $30,000 for a family of four.

My point in posting it is to show that the United States enjoys --or has until now, enjoyed - a broad freedom of citizens to define their own circumstances.

Wealth is different of course to the movement of money. I could make 1 million dollars a year, rent a car, rent a house, own just 2 suits, and spend all my money in restaurants, on holidays, on dating women, etc. I'd make a million but have no wealth. The 40% who have just 0.3% of the wealth don't all make a million bucks a year, that's pretty certain. However, just because they have no 'wealth' it doesn't mean they are cash poor - just asset limited.

>>The 1968 model can be explained quite sensibly. I am 25. I have just finished my degree and have just started. $10000 job. By 1978 I am 35 and make $25000 and part own my home. By 1988 I am on $50000 have paid my mortgage and am about to buy a Lexus. By 1998 I am 55, make $90000 and have an investment portfolio.

It isn't actually modelling social mobility really. The study is a fail unless you take only 1 year holds and record where they end up.<<

Possibly...but what's the complaint against it, again?  If it's possible to do that, why worrya bout where you start?

The core joke of Hitchhiker's Guide to the Galaxy is that of course no civilization would develop personal computers with instant remote database recovery, and then waste this technology to find good drinks.
Steve Jobs has ruined this joke.

8 (edited by The Yell 21-Aug-2012 00:04:06)

Re: How Americans view wealth and equality.

An American system where you are free to push yourself towards the lifestyle you want to achieve is preferrable to an "egalitarian" system where you will be well taken care of in 'your place' your whole life

even if you wanted to move up


BTW if you want to move 2000 km away and open your own business...your "caring" system provides no more support than the eeeeevul US model...

The core joke of Hitchhiker's Guide to the Galaxy is that of course no civilization would develop personal computers with instant remote database recovery, and then waste this technology to find good drinks.
Steve Jobs has ruined this joke.

Re: How Americans view wealth and equality.

It's provides less, because it taxes you until you're poor and you can't even afford decent healthcare.

[I wish I could obey forum rules]

Re: How Americans view wealth and equality.

Since the 1930s this country has allowed and encouraged the working man to cease to be a wage hireling and, with a vehicle easily within reach, become an entrepreneur to wealthy clients living outside the city...and by developing his skills, become a boss of crews of working men with several trucks, and himself become wealthy.  Not many plumbers on welfare in the United States.   

And with the growth of small business we have the growth of service agents who help small businesses.  And the sales of office equipment. And the development of software and electronics to facilitate their business.   And the service agents who maintain those items.  Even when you have a massive phone corporation or computer corporation manufacturing, designing and selling these items, it helps the corporation to sell franchises to citizens who move up in the world.

If the focus of the state, is instead, to say "how do we keep the plumber happy AS A CLOCKPUNCHER" we knock the engine of growth out of whack, which is why the caring sharing continent of Europe has countries where 8% unemployment or 12% unemployment is the norm.  It would be better if you had more rich people and 5% unemployment.

The core joke of Hitchhiker's Guide to the Galaxy is that of course no civilization would develop personal computers with instant remote database recovery, and then waste this technology to find good drinks.
Steve Jobs has ruined this joke.

Re: How Americans view wealth and equality.

Yell. No the quintiles are each 20% band of wealth in the society. Its on absolute scale at any point in time, not relevant to the past.

The point is that you need to measure where someone starts in life to where they end up. Do people genuinely escape poverty if born into poverty? The survey didnt really give us the raw data just the 'findings'. You may wish to read page 3 to see that people also go down - rather than made a fool of yourself and say they don't. I just stated it could be explained by people getting older and saving money or retiring and spending their savings.

It's complex but without access to good education and good healthcare the economic prospects of the poor are hampered. As a barometer of economic success healthcare is actually more important than education. Noone really questions universal education but universal healthcare is questioned. Yet to privately fund education or healthcare is proportionately more expensive for the poor - a similar argument is made against VAT or Sales Taxes. This is why there's a strong capitalist argument for universal education and healthcare. Which is a long way different from say social welfare.

In terms of starting business. Not sure what that has to do with relevance. I don't have a model that I am supporting.

Re: How Americans view wealth and equality.

Agree 5% unemployment would be nice. America's is 8.2%?
Sweden's 7.5% (Not that I advocate Sweden as a model)

Stop making things into a EU vs US battle. The subject was never meant to pit the two as enemies. But asks 'What do Americans think is fair'?

Re: How Americans view wealth and equality.

I read the artcle and it poses a false arguement.  Concider the following statement.

"He called it a veil of ignorance, because if you're very wealthy, you might want the wealthy people to have lots of money and the poor to have very little"

At this point the article looses any credibility in my eyes.  It is clearly taking the slant that all people with money are Dr.Evil and want drink the blood of the poor and elederly.  Eh... doesn't it make sence if I am wealthly (Bill Gates, Steve Jobs, Owners of Walmart, Gm, Chrysler, Toyota)  that I want everyone else who is NOT me to have as much money as possible so they can by my products or pay my wages?  Wouldn't it suck to be Apple if no one had enough dispossible income to buy an iPad?


"you might want the poor to have more money and the wealthy to have less."
No crap, if I can't afford to by food and selter I might want more money - brillant deduction Watson!  The missing term in this article is the word EARN.  If I am poor and need to improve my situation I need to EARN more money - not I that I just need more money.

Another brillant statement from article....
"Even Americans understand that inequality is not a good idea and principle"

Wow, if even we moronic Americans can say that inequality is bad than it must really be obvious!  Inequality in what by the way?  The article keeps tauting the inequality in wealth, wealth is a by product of actions... what about the inequality in production, work, education, intelligence.  Isn't this what causes the inequality in wealth?

14 (edited by The Yell 21-Aug-2012 16:13:29)

Re: How Americans view wealth and equality.

"Yell. No the quintiles are each 20% band of wealth in the society. Its on absolute scale at any point in time, not relevant to the past."

No.  If our eeevvvvvvull society's poorest 1/5th someday range from $0-$70k that would be awesome progress from our current situation.  That's what I'm getting at.

"Stop making things into a EU vs US battle. The subject was never meant to pit the two as enemies. But asks 'What do Americans think is fair'?"

There's two kinds of people in the world and you disparaged the choices of the American portion.  So then I look to the experience of the other kind

The core joke of Hitchhiker's Guide to the Galaxy is that of course no civilization would develop personal computers with instant remote database recovery, and then waste this technology to find good drinks.
Steve Jobs has ruined this joke.

Re: How Americans view wealth and equality.

The point is 20% of the population is always in the bottom quintile. The argument is that society should help push the bottom (2) quintiles' wealth closer to the top. Although I suspect by wealth in this study it more pulls people to living standards being more equal.

And yes one day it will range 0 to 100000000000000000 dollars. It's called inflation. But if 100000000000000 only buys a toaster then it isn't much use. And I am far from calling America's system evil.

What you do not say is what you think is fair.

Re: How Americans view wealth and equality.

"What you do not say is what you think is fair."

If I am playing football (soccer) and I make 3 goals, its fair that I get 3 points.
If I am playing football (soccer) and I make 2 goals, its fair that I get 2 points.
If I am playing football (soccer) and I make 1 goal, its fair that I get 1 point.
If I am not playing football (soccer) and I make 0 goals, its fair that I get 0 points.

If I am working and I earn $1000, its fair I get $1000.
If I am working and I earn $200, its fair I get $200.
If I am not working and I earn $0, its fair I get $0.

Inequality will exist because people are individuals and thus are not equal in their attributes.  Something being unequal and something being unfair are two different things.  It is not unfair that LeBron James can score more points than me in basketball.  The points we each get will be unequal but that does not mean unfair.

Re: How Americans view wealth and equality.

Inequalety will also exist because people have good or bad luck.

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Re: How Americans view wealth and equality.

True East, but if over a 4 year period, Mace invests $50,000 into going to college and Primo invests $50,000 in cocain and hookers. You can't say its luck that Mace has his own house while Primo lives in his mom's basement.  You also can't say "Mace is a greedy bastard, he has a house and car and money... but poor Primo is in the bottom 20% and can't afford to buy his gonnorea medicine.  Therefore its unfair and unequal that Mace has a car or house.  We should take as much of Mace's money as necessary so Primo can have the equal amount of assets as Mace.  That way we are all equal.

Note:  I have no idea of the economic fitness of either Mace nor Primo, just making up an example for example's sake

Re: How Americans view wealth and equality.

Beo,

Liberals aren't advocating equality of outcomes. This sort of inequality only happens under tyrannical regimes that impose barriers to entry, eliminating equality of opportunity.

Re: How Americans view wealth and equality.

Beo, no you got my circumstances about right.

But again this isn't about equality. It is about being fair. My dad always said that to be born British is to win the lottery of life. He's totally correct... all other nations are worse. And that's why the whole aspires to live in or become British.

Wealth is the same deal. You can be born to a billionaire who pays for you to go to Eton or you can be born to illiterate  paupers in Kibera, who cripple you as a child so you can make money as a street beggar.

That is the fair and equal society it sometimes seems is advocated here.

My sense of fair is that every child has an equal opportunity. That means free (yes that means state paid) high-quality education and healthcare. If one wishes to argue free healthcare ends at 18 or 21, then that's another debate. But the American model is Unfair to the children of the poorer members of its society. And I say poorer as no one in America is truly poor. Relative to Kibera even the 5th quintile of the 5th quintile of the 5th quintile is doing OK.

Re: How Americans view wealth and equality.

The measure of fair opportunity is the ability of children to move up.

Since we have that, problem of lack of opportunity doesn't exist.  Move yer arse, as the Queen would say.

The core joke of Hitchhiker's Guide to the Galaxy is that of course no civilization would develop personal computers with instant remote database recovery, and then waste this technology to find good drinks.
Steve Jobs has ruined this joke.

22 (edited by BeoWolfe 21-Aug-2012 19:39:48)

Re: How Americans view wealth and equality.

When you mention the poor in America not having a chance I don't think you understand the poor in America.  I went to a public school - everyone has access to the same public school.  If you live on 1st street and make a million bucks than your kid goes to the same school as the kid who lives three blocks away and lives in the slums.  Now here is where the paths divide and I will agree with you on fairness.  Poor families usually mean the parents are not well educated or have some other social disability (drug addict, convict, single parent house hold... ect).  These children don't get the parenting as the wealthly kids whose parents stress the values of an education, the important of living clean, the importance of family and community.  Therefore even though the poor kid goes to the same school and has the same teachers and the same classes as the rich kid - the environment they live in isn't nuturing their growth.  In Detroit, inner city kids who care about good grades are hasseled by there peers as "trying to be white".  (I believe in Detroit they have a 10% graduation rate - this is free education, the poor don't want it - access to education isn't the problem).  Furthermore the poor are given Pell Grants here in the US.  If you have the grades to go to college - the government will pay.  Even furthermore - student loans are impossible not to get - if you value a higher education you can have it and you don't start paying back until after you graduate with your degree.

What do you suggest to correct this unfairness?  Disallow the poor to breed?  Stealing children from households if there income isn't over a certain level?  I agree with you one hundred percent , many children who live in poverty are under an unfair influence... but how do you correct that?

Re: How Americans view wealth and equality.

Yell, yes correct. There is  relative social mobility in America. It's just less than many other countries.

Re: How Americans view wealth and equality.

Yeah, Cambodia probably had the most.  Too bad it wasn't upward social mobility.

The core joke of Hitchhiker's Guide to the Galaxy is that of course no civilization would develop personal computers with instant remote database recovery, and then waste this technology to find good drinks.
Steve Jobs has ruined this joke.

Re: How Americans view wealth and equality.

Beowolfe firstly you forget about private schools, private tuition, affording better computers, equipment, more books, nannies etc. But you're right. If peers/parents make it hard children may stop learning.

1. You need to allow mother/parents sufficient paid time off work
2. You need to give parents - usually mothers - opportunity to work. So free or heavily subsidised nurseries (kindergartens) are vital.
3. You need jobs. Unemployment can become multi generational and sap aspirations. Even low paid work creates a sense of self-esteem. Your description of Detroit is of a place where the American Dream is dead. Unfortunately if the private sector cannot create enough jobs, then the public sector should fill some of the void.
4. You need to provide healthcare to children. No child should be denied any treatment just because the parent cannot afford insurance or the treatment.
5. You need to give children hope. Schools need to be segregated based on ability. Pupils can move up and down. Children may need extra curricular activities : social clubs, school sports, chess, music, IT lessons, and during the school breaks opportunities to develop and socialise.
6. You need to look after each child's needs. Steer them on a good path, it may be vocational rather than academic. Encourage local employers to offer work experience.

Yes some kids will still end up messed up. If the parents are definitely to blame you need strong social services. Not sure if parental coaching exists anywhere but it would be useful.