It's Happening.

[DBTrek]

[Martin Hash]

Economic data shows that those who inherit wealth generally don’t remain wealthy. Even of those who built extreme wealth, only a quarter can maintain it for the course of their own lives.

Don’t need a law to govern what is happening naturally.

If stratification isn't happening, it's not happening. Who am I to argue with a known fact. There is no aristocracy. Everything is fine.

[K@th]

Incentives will cause redistribution of wealth: Invisible Hand shit.
1) Pre-Reagan Progressive tax rates stop executives from taking big salaries.
2) Giving away a Billionaire's wealth at his death results in at least 1000 more Millionaires.
3) Monopolies have a difficult time forming because maintaining a majority becomes difficult.
4) Giving a huge (100%) deduction for reinvesting money into businesses that employ people not only employs people, it also makes people of known competent management skills oversee them to protect his/her investment.

There was some sort of polling of leading economists a few years back. Premise: All the world's wealth was collected and re-distributed, giving each citizen on the planet an equal amount of the wealth. What happens next?

There was nearly full consensus that within a very short time, the money would mostly be back where it started. I think there's truth, there.

[DBTrek]

Stratification is not a synonym for aristocracy.
/shrug

Rocks and the atmosphere are stratified.
They aren’t noble.

[StCapps]

There was nearly full consensus that within a very short time, the money would mostly be back where it started. I think there's truth, there.

Even if everyone had the same wealth, there would still be an aristocracy. This pipe dream that Hash and co. share of eliminating aristocracy, it's like thinking you can eliminate war or poverty with wealth redistribution, it's nonsense.

[Martin Hash]

Incentives will cause redistribution of wealth: Invisible Hand shit.
1) Pre-Reagan Progressive tax rates stop executives from taking big salaries.
2) Giving away a Billionaire's wealth at his death results in at least 1000 more Millionaires.
3) Monopolies have a difficult time forming because maintaining a majority becomes difficult.
4) Giving a huge (100%) deduction for reinvesting money into businesses that employ people not only employs people, it also makes people of known competent management skills oversee them to protect his/her investment.

There was some sort of polling of leading economists a few years back. Premise: All the world's wealth was collected and re-distributed, giving each citizen on the planet an equal amount of the wealth. What happens next?

There was nearly full consensus that within a very short time, the money would mostly be back where it started. I think there's truth, there.

That's a mathematical certainty, the same one I'm always talking about: compounding gains. Allow it to go on long enough, and 1 person owns everything. That's how Monopoly ends. However, if you want to keep Monopoly going, other players are going to have to be given money somehow.

[Martin Hash]

Stratification is not a synonym for aristocracy.
/shrug

Rocks and the atmosphere are stratified.
They aren’t noble.

Well, there it is, simply an Oral Illusion: opportunity does not equal liberty, and money does not mean opportunity.

[DBTrek]

Number of times in human history one person has owned everything: 0

Sounds like a completely unproven mathematical certainty.

[StCapps]

That's a mathematical certainty, the same one I'm always talking about: compounding gains. Allow it to go on long enough, and 1 person owns everything. That's how Monopoly ends. However, if you want to keep Monopoly going, other players are going to have to be given money somehow.

There are better ways for the other players to get their hands on money than wealth redistribution, protip.

[Martin Hash]

That's a mathematical certainty, the same one I'm always talking about: compounding gains. Allow it to go on long enough, and 1 person owns everything. That's how Monopoly ends. However, if you want to keep Monopoly going, other players are going to have to be given money somehow.

There are better ways for the other players to get their hands on money than wealth redistribution, protip.

Well, they just must not be trying hard enough, those lazy bastards. Whips. Debtors Prison. I'm sure we can come up with a solution.