What are the implications of redistributing wealth?

Jump to Last Post 1-7 of 7 discussions (7 posts)
  1. Daniel J. Neumann profile image59
    Daniel J. Neumannposted 8 years ago

    What are the implications of redistributing wealth?

    Would it end greed or cause everyone to sit on their hands? Assume the government redistributes the wealth on the very top to the very bottom, but allows disparity in the middle-class. I must clarify that I don't mean paying doctors the same as garbage-men.

  2. profile image0
    ankigarg87posted 8 years ago

    Economic shocks or changes in government policy often lead to a substantial
    redistribution of wealth within the population of a country. An important example
    of a redistribution shock is an unanticipated inflation episode. When the
    price level rises faster than previously expected, the real value of all nominal assets
    declines. As a result, borrowers win—they experience an increase in real
    wealth—while lenders lose. As documented in Doepke and Schneider (2005a),
    the amount of this wealth redistribution can be large even for moderate inflation

  3. Castiel girl profile image61
    Castiel girlposted 8 years ago

    Historically, redistribution of wealth only made everyone poor, look at South America, Hugo Chavez is doing a bang up job of taking care of his people, there are warehouses and semi's full of food that is rotting and his people are starving. Look at China, need I say more.  Communism never makes the lives of the average person better.  Capitalism drives innovation and progress.  Again, I will use China as an example, stepping foot on their soil is like stepping backward in time, they have neither the money or incentive to make things better.  We live in the greatest country in the world, but our President seems hell bent on changing that, redistribution of wealth would definitely change this county, if the health care bill is not repealed, in 15-20 years this country will be unrecognizable.  That bill is most devastating thing to happen to this country since 9/11. That may seem melodramatic, but when we are being taxed to death and politicos are making our health care decisions for us, it will not seem so melodramatic. But redistributive changes are not the only ones on the horizon.  If net neutrality is ever instituted, this type of conversation will not be allowed, but if cap and trade passes (redistribution of wealth in sheep's clothing) we will not be able to afford the electricity it takes to run computer - 2 birds with one stone. Don't even get me started on financial or immigration reform and forget about "too big to fail" and taking over the banking system (also redistribution in sheep's clothing).  I just reread this, i sound like a nut, but i promise i am not, although, theoretically, if i were a nut i would likely be the last to know smile

  4. Daniel J. Neumann profile image59
    Daniel J. Neumannposted 8 years ago

    Castiel girl,

    Your analysis is correct, but you're assuming the redistribution is from the poorest and middle-class to the upper-class. The super-rich have been doing that since the begining of history.

    Perhaps a government cannot accomplish this loafty (fair) goal---or, at least, not the kind of (centralized) government we're used to.

  5. wilmiers77 profile image61
    wilmiers77posted 8 years ago

    America could stand to share more with the hourly works. This could be accomplished by a strong union which is very unified in order to counter the power of the growing national management which has become very unified. Management of one national corporation has the same ideology as the others in America. Insider trading and price fixing is going to become the norm in every sector and cross sector due to this unifying power of management.

    If redistribution of wealth was feasible, and people were very satisfied, than I would be for it. Due to our present values and behavior, if each person received a million dollars, than within a reasonable time the money would be in the pockets of those who originally had it. Las Vegas casinos would triple their profits over night. Inflation would skyrocket, making everyone relatively in the same material state because of supply and demand.

    Reagan weaken the unions alone with Bush. Now is the time to unify the unions in every sector of business and begin cross sectional unification toward a national union. This shall counter the unified management of big businesses.

    One last thought, the use of dossiers with psychological profiles on each employee by management is no longer science fiction. Take heed.

  6. Evan G Rogers profile image73
    Evan G Rogersposted 8 years ago

    I wrote a hub on this. Check out "Redistribution of Wealth is Impossible", and you'll pretty much see how Governmental redistribution of wealth is nonsense.

    Imagine how a government would redistribute the capital good of "a computer factory" to the entire population, and you immediately see that it's nonsense.

  7. profile image0
    Fay Paxtonposted 7 years ago

    What are you people talking about?  The country's wealth is redistributed all the time.  Money is simply a means of exchange.

    Redistribution simply means a change in the advantages that allow people to earn and accumulate.  Right now all the advantages are for the wealthy.  The money belonging to poor people and the middle class is redistributed to the more privileged.

    The term doesn't mean collect all the money and pass it out again.


This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

Show Details
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)