No. of Recommendations: 3
And another important question - Does government redistribution really help the poor? One good way to determine this is to look to societies where government redistribution was done for a period of time and see if those people ended up poorer or richer.

OK, I'll bite.

In the 19th century we had a society with severe class distinctions, a superwealthy aristocracy, the Gilded Age, and an extremely large underclass who had little economic freedom or ability to change their station in life.

In the 20th century, we had a society with a broad middle class, greater wealth for nearly everyone - including the rich - and a greater ability for people to rise based on merit thanks to things like universal education, equal rights, a stronger judiciary, and more, all paid for by taxes applied more broadly, and progressively against income.

I guess it appears to me that the system in use in the 20th century, progressive taxation, worked far better for far more people than did the regressive system used in the 19th century.

Of course I have only actual history to rely on, while you likely have some political opinion which contradicts it.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.