/Unitedbank
/Eedition

Income redistribution tradeoffs and how they impact you

Posted by
Walter Geiger
in Opinion
Sunday, November 21. 2010
Comments (4)
By William Beranek

Augusta Chronicle


Analysis of efforts to redistribute wealth and income through tax and regulatory policies reveal a surprising insight regarding current policies. It reinforces the belief that reducing current tax rates would provide strong incentives for more individual work, more risk-taking investments and, hence, enhanced employment.

ALL ARE AWARE OF the dictum that nature is unfair. Moreover, all recognize that talents, skills, IQs and genes are unevenly distributed. Yet no one has seriously proposed a breakthrough, human-genome study, which might lead to a more equitable distribution of talent.

Please login or register to read the rest of this story.
Bookmark and Share
Trackbacks
Trackback specific URI for this entry
No Trackbacks
Comments
Display comments as (Linear | Threaded)
#1 Steve the Rational One on 11/21/10 at 05:37 AM
Unfortunately, economics merely describes human behavior, and as we all know, human behvaior is not entirely rational. There is, furthermore, no real separation between the economic and the political; in this case, quantitative easing serves very real international goals with regard to China. And while income redistribution might not be the most efficient way to create jobs, it is a way to get re-elected. Some might not like it, but it is politically efficient (expedient?) and rational.

Some redistribution is always necessary to pay for roads, schools, police, and defense. Everyone benefits from from a stable, secure society where commerce can occur in relative safety.

The real question here is one of balance. It would be best, of course, to have jobs appropriate to skill level equally distributed across the international economy. I am not sure how that would work, however, and some people, quite frankly, are just not employable.

The problem is too complex for economics alone. It demands a complex, interdsciplinary approach. Perhaps we need an entirely new theoretical base for thinking about economics.
#2 Anonymous on 11/22/10 at 07:05 AM
I saw a sign, similar to the one in the picture above, "We now accept EBT cards," at an ethnic clothing store in Griffin. I can't for the life of me figure out why someone would be able to use an EBT card at a clothing store. Could someone please enlighten me?
#3 Anonymous on 12/02/10 at 09:22 AM
If you know how th play the system right you can just about buy anything you want. I for one am sick and tired of seeing people buy junk food with food stamps this is totally unfair to the working class person who has to do without and are also the ones who have to pay for it. Welefare people should have to wash their baby diapers out by hand. Stop making it so easy to have a baby if you can't pay for it yourself don't have one. I didn't choose to have another one and should not have to raise one that is not my own.
#4 Anonymous on 12/23/10 at 04:02 PM
maybe they will re-distribute my debt!!
Only registered users may comment on stories. Please login or register to post comments. Your browser must support cookies.
The author does not allow comments to this entry
Copyright © 2008-2011 The Herald-Gazette