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I keep seeing, here and elsewhere, that redistribution of wealth is unhealthy or unwise for any economy. I am wondering, does anyone believe there is an economic model anywhere that does not distribute wealth? How can there be a discussion on wealth redistribution without acknowledging that wealth is distributed in the first place?
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T.E.C. - Iowa Frijole wrote, " Its not clear what either of you mean by "distribution of wealth." We are talking about the Gini Index (a.k.a the Gini Coefficient)

Frijole wrote, "The wealth is created but not distributed by some convening authority." Yes, it is! For example, when the government sets minimum wage laws, the government is controlling the d...See More
Jun 12, 2017
T.E.C. - Iowa Well, more evidence of Frijole's background in economics. I mention the Gini Coefficient and Frijole wrote "The Gini?" Is Frijole really on this board writing about economics and does not know about the most commonly used index to measure inequality.

But worse, Frijole could have "Googled" the word "Gini", and it would have been right the...See More
Jun 13, 2017
T.E.C. - Iowa Insult? If you are reading on inequality, who does not know about the Gini Index? If, as you said, you meant something else, you should not have put a question mark - as in "The Gini?" Then you add "so what?", as if to say who needs to know. We only have your written word. Yet, I will take you at your word and say, "sorry!"

Yet again, if y...See More
Jun 13, 2017
T.E.C. - Iowa I had written that the Gini Index is the most common measure of inequality and Frijole wrote, "No, it's the measure you like because its so arbitrary.

No, economist use the Gini Index and it is not arbitrary, because it is based on a statistical measurement - as seen in this definition of Gini index, "a statistical measure of the degree of...See More
Jun 14, 2017
T.E.C. - Iowa About "NOT impressed with your reference, my reference is better than Frijole's nonexistent reference to anything.

About "Regarding regulations, you repeated yourself", only because you do not get it!

About, "You just can't comprehend the idea that big gov't isn't necessarily good gov't." Oh yes, big government Republicans want to...See More
Jun 15, 2017


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