Timeline for Why is there concern about the growing income gap, and is there an ideal level?
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| Apr 13, 2017 at 12:54 | history | edited | CommunityBot |
replaced http://politics.stackexchange.com/ with https://politics.stackexchange.com/
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| Dec 7, 2013 at 5:26 | comment | added | user4012 | "Studies have shown (see above) that wealthier families, on average, tend to stay wealthy" - wrong in nuance. Studies, on the contrary, suggested that people frequently migrate out of both lowest and highest quartiles. And -1 because this doesn't suggest any reason to dislike the growing gap (as opposed to ANY gap, since none of the reasons you listed - valid or not - would change if the gap was static. | |
| Dec 5, 2013 at 17:36 | history | edited | Affable Geek | CC BY-SA 3.0 |
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| Dec 5, 2013 at 16:37 | comment | added | user2303 | Accepted your answer :-) It was quite comprehensive and I liked the links to pertinent material. Thanks to you and @Trylks for your helpful answers. | |
| Dec 5, 2013 at 16:35 | vote | accept | CommunityBot | ||
| Dec 5, 2013 at 16:26 | comment | added | user2303 | Thanks again! I understand that, especially with economics, theories are very tentative. I appreciate the viewpoints you have provided. I was merely engaging with #2 as a hypothetical argument and pointing out a rebuttal position. I certaintly don't want to speak for more educated minds on this matter...for all I know, the super rich and successful could negatively impact innovation...its just that there is a plausible rebuttal to that one point, if it were asserted as true, which you were not doing (you were providing an explanation, not an argument). | |
| Dec 5, 2013 at 16:17 | comment | added | Affable Geek | @Eupraxis1981 I qualified #2 with "may" for a reason :) This site exists not to determine "truth" but rather to explain theories that are well understood and believed and to determine the strengths and weakness of those arguments, regardless of whether or not they are true. My goal is to give answers that are descriptive of what educated professionals say, moreso than to evaluate whether or not they are correct. And, I thank you for the "thoughtful response" line. | |
| Dec 5, 2013 at 15:51 | comment | added | user2303 | I haven't read the articles, but I don't know if the existence of rediculously rich people would hamper innovation..especially if they got that way viainnovation. Again, think Bill Gates, Mark Zukerberg, Steve Jobs, the list goes on and on....their existence appears to be more inspiration than discouragment. | |
| Dec 5, 2013 at 15:49 | comment | added | user2303 | Thanks for your very thoughtful response. See my comments to Truylk's answer. While I agree that wealth is to a large extent relative, I'm not sure if the tippy top of the earners is what drives our feeling of such, as we rarely enounter these folks. However, if your neighbors are going gangbusters with pools, exotic cars and great vacations while you have an inflatable pool, old Chevy, and go to the local minigolf as your yearly vacation....yeah, you're going to feel poor. | |
| Dec 5, 2013 at 15:44 | history | edited | Affable Geek | CC BY-SA 3.0 |
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| Dec 5, 2013 at 15:36 | history | answered | Affable Geek | CC BY-SA 3.0 |