In good times, should wealth increase proportionally among economic groups in America?
Meaning if America is experiencing expansion, like from 1993 - 2000, should each economic group benefit roughly equally? For example, if the economy as a whole improves 10%, should each economic group improve around 10% as well?
Not necessarily, it is usually expected that upper income groups will benefit the most, don't they always? But lower socio-economic groups must enjoy some substantive level of increase in wealth if we really want to say that times are "good". The period described from 1993-2000 was a good case in point. The rising tide lifted all boats, but the most affluent reaped the most..
Ideally they should but the reality the lower class allways gets screwed.
Powerful question. Honestly I think wealth should increase according to an individuals smart idea's paying off. Be it a job, small business, or investments. It's not going to be an automatic process or gift nor should it be.
Agreed Grime, Credence, and Josak, but what I am wondering is if, as a group, each economic group should rise at about the same rate as the others, in other words, "should" the lowest economic group, in a fair society, benefit as much from the good times as the top economic group?
Economic mobility, which is what Grime is talking about, is a different question with a different, I suspect, answer.
Most business's that practice this "profit-sharing" methodology are very successful, and I feel running a country is like running a business...therefore, yes is my answer to your question. Of course that assumes they are legal, civil, tax paying citizens.
Not necessarily. The wealthy will always see their money grow faster than the poor, and for the poor, often their wealth rarely increases.
No, simply because that is impossible to achieve.
Now if a society has "rulers" who take it upon themselves to ensure that everybody receives the same "10% raise," then that's a different story.
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