Article

2017-12-02 Economy

The Wealth Fund Collective: A Simple Fix for Our Massive Inequality Problem

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Posted by Besoeker 2017-12-02 06:59|| || Front Page|| [8 views ] Top

#1 More for burrowing-rats to steal?

Posted by g(r)omgoru 2017-12-02 08:12|| 2017-12-02 08:12|| Front Page Top

#2 It’s called a social wealth fund, a pool of investment assets

And that pool is filled with what....how?

Whom is going to control said pool, and how will they be policed?

What are you going to do about the effort inequality or the intelligence inequality or any of the other inequalities that "plague" society?

Same Socialist Sh*t Different damn day.

Posted by AlanC 2017-12-02 08:57|| 2017-12-02 08:57|| Front Page Top

#3 Everyone knows that we are again living in a Gilded Age.

Ask the people from Pennsylvania to Wisconsin who voted for Trump if they consider it a 'Gilded Age'. The oxygen must be really light up there in the NYT offices.

Posted by Procopius2k 2017-12-02 09:24|| 2017-12-02 09:24|| Front Page Top

#4 NYT projection. Meant "Gelded Age"

Posted by Frank G 2017-12-02 11:17|| 2017-12-02 11:17|| Front Page Top

#5 Sounds like communism to me. And besides that, every time you get the government involved in a scheme like this the inevitable result is graft.

Posted by Abu Uluque 2017-12-02 11:38|| 2017-12-02 11:38|| Front Page Top

#6 "You didn't earn that investment return..."

Posted by Mullah Richard 2017-12-02 12:12|| 2017-12-02 12:12|| Front Page Top

#7 I say it looks like broccoli and I say it stinks.

Posted by Shipman 2017-12-02 13:41|| 2017-12-02 13:41|| Front Page Top

#8 Idiotic. After two decades only 1/5 of those in the bottom 20% will still be there without aid, the rest having moved up — some all the way up to the top 20%. And likewise, most of those currently in the top 20% will have fallen to lower income categories. But giving the government, or a pseudo-government entity, vast sums of money to play with only guarantees those funds will evaporate while distorting every corner of the economy. Think government investment in renewable energy, only on a larger scale.

And don’t forget that the housing bubble was the result of federal government distortions of the market, harming most those it purported to help.

As the top 1% get wealthier — usually, like Bill Gates, by creating new products that people want to buy, or by investing (giving money) in others who create new products people want to buy — they either spend the money (creating jobs), invest the money (creating jobs), save the money (allowing banks to loan it out, so that it is spent by others creating jobs), or they give it away as targeted charity, helping those at the bottom more effectively than a govenment “wealth fund” possibly could.

Posted by trailing wife 2017-12-02 14:05|| 2017-12-02 14:05|| Front Page Top

#9 Oh, I'm totally in favor of this -- provided I'm in charge of where the money goes and determining from it shall be extracted.

Let's start by taking all university endowment funds, then all of Carlos Slim, George Sauron, Jeff Bezor, and Mark Zuckersperg's money so I can get me some boats'n'hoes.

Don't worry; I promise to be a fair and benevolent dictator. Trust me.

Posted by charger 2017-12-02 14:29|| 2017-12-02 14:29|| Front Page Top

#10 The Saudis have shown us the most effective way of wealth redistribution.

Posted by phil_b 2017-12-02 17:45|| 2017-12-02 17:45|| Front Page Top

22:58 Skidmark
22:01 Seeking cure for ignorance
21:18 Skidmark
20:31 SteveS
19:51 newc
19:30 trailing wife
19:03 magpie
18:46 Frank G
18:35 Frank G
18:27 Frank G
18:14 Jasing the Limber5475
18:12 Jasing the Limber5475
18:10 Jasing the Limber5475
18:10 Rambler in Virginia
18:05 Jasing the Limber5475
18:04 Jasing the Limber5475
18:03 Jasing the Limber5475
18:02 Jasing the Limber5475
18:00 Jasing the Limber5475
17:49 Shipman
17:45 phil_b
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17:37 newc
17:08 SteveS