The best online Debate website - DebateIsland.com! The only Online Debate Website with Casual, Persuade Me, Formalish, and Formal Online Debate formats. We’re the Leading Online Debate website. Debate popular topics, Debate news, or Debate anything! Debate online for free!
Income Equality is good.
in Economy
Debra AI Prediction
Arguments
Well whoever accepts anyways.
  Considerate: 93%  
  Substantial: 27%  
  Spelling & Grammar: 92%  
  Sentiment: Neutral  
  Avg. Grade Level: 8.58  
  Sources: 0  
  Entity Sentiment Detection: opponent can.Well    opponent   arguments   Tbh  
  Relevant (Beta): 89%  
  Learn More About Debra
In other words, income equality results in a dead economy in which nobody does anything beyond the bare necessary minimum. That is why all the socialist experiments in human history have failed miserably, and will always fail miserably - and those did not even offer absolute income equality, and merely offered a much higher degree of income equality than free market-based economies do.
How do you imagine income equality could possibly work in a way that does not lead to this outcome?
  Considerate: 84%  
  Substantial: 99%  
  Spelling & Grammar: 97%  
  Sentiment: Neutral  
  Avg. Grade Level: 13.4  
  Sources: 0  
  Entity Sentiment Detection: Income equality    people's work   income equality results   human history  
  Relevant (Beta): 99%  
  Learn More About Debra
  Considerate: 82%  
  Substantial: 73%  
  Spelling & Grammar: 100%  
  Sentiment: Negative  
  Avg. Grade Level: 9.54  
  Sources: 0  
  Entity Sentiment Detection: different jobs    income equality   money   government  
  Relevant (Beta): 98%  
  Learn More About Debra
What we have now is getting more and more similar to what Russia has, an oligarchy. A few of the wealthiest get to pay little or no taxes, get to absorb most of the nation's treasure, get to buy their own laws and regulations, and make deals with the richest "leader" (money is power).
We just need a closer equality so we have more buyers, with money (not credit), for the sellers. The "gap" is MUCH too wide for a good economy. There is too much money at the top (well over 80%), so, who's buying … except on credit??
I've heard about this "greatest economy in history"! It is nothing of the sort. A great economy is where we don't have to live on credit, where we can educate our kids without going bankrupt (either us or them), we can put some in the bank for a "rainy day", we can afford healthcare (again, without going bankrupt), and we can support a family with one job. We need a lot more equality, not equal equality
  Considerate: 81%  
  Substantial: 96%  
  Spelling & Grammar: 94%  
  Sentiment: Positive  
  Avg. Grade Level: 6.94  
  Sources: 0  
  Relevant (Beta): 92%  
  Learn More About Debra
  Considerate: 92%  
  Substantial: 14%  
  Spelling & Grammar: 75%  
  Sentiment: Neutral  
  Avg. Grade Level: 7.26  
  Sources: 0  
  Entity Sentiment Detection: fact    society      
  Relevant (Beta): 82%  
  Learn More About Debra
  Considerate: 77%  
  Substantial: 100%  
  Spelling & Grammar: 97%  
  Sentiment: Neutral  
  Avg. Grade Level: 11.36  
  Sources: 0  
  Entity Sentiment Detection: moderate level    total equality   complete equality   extreme level of inequality  
  Relevant (Beta): 100%  
  Learn More About Debra
I do not see income inequality, no matter the degree, as a problem in a society with a proper culture based on respect for the individual freedoms and liberties.
If the economy is doing well, and even the poorest people enjoy a very decent quality of life, then it makes no difference whether the top 20% have 10 times as much wealth as the bottom 20%, or 1,000,000 as much wealth: people enjoy a high quality of life, and the fact that some enjoy even higher quality of life is a boon, not a curse.
If the economy is not doing well, and a large fraction of the population lives in extreme poverty, then income inequality may be a symptom, but it cannot be the source of such a matter of affairs. There are deep problems in the economy that need to be addressed, and the inequality in itself is merely their manifestation.
The problem is that most modern cultures assess individuals in the society based on relative comparison, as opposed to the absolute scale. If the person Y is doing much better than the person X, then the person X will often want the person Y to share their success with them.
I may be an odd duck in this regard. When I see someone who is doing much better than me, it only encourages me to work harder, so I can live as well as them eventually. It absolutely does not lead to me thinking, "If only they gave me some of what they have..." I like it when people are rich and happy, and I would not want to become richer than I am currently by taking away from them, I would prefer to build my own wealth.
If the society as a whole saw it that way, then extreme income inequality, in fact, could be a positive factor, as it would propel large masses of people to work very hard to join the upper classes. If someone had a personal spaceship, for example, everyone would want to get their own personal spaceship, and people would get very inventive in their attempts to join the elite club of spaceship owners.
Equality breeds contentment, which is harmful both for the economy and the individuals. Inequality breeds either resentment or ambition, based on the societal culture, the former being harmful and the latter being healthy for the economy. Hence, I would argue that it is the culture we should focus on changing, not the inequality, if we really want to uplift the lower classes.
  Considerate: 82%  
  Substantial: 100%  
  Spelling & Grammar: 98%  
  Sentiment: Positive  
  Avg. Grade Level: 12.22  
  Sources: 0  
  Relevant (Beta): 99%  
  Learn More About Debra
How do you understand "Income equality"? I think it only exist in theory and would be absurd in reality... The implications of enforcing income equality would be suicidal for any society if you really think about it...
@MayCaesar
You wrote : Equality breeds contentment, which is harmful both for the economy and the individuals.
How is being happy and satisfied harmful to the economy and individuals?? Isn't it why we do anything?
  Considerate: 68%  
  Substantial: 82%  
  Spelling & Grammar: 91%  
  Sentiment: Positive  
  Avg. Grade Level: 11.42  
  Sources: 0  
  Relevant (Beta): 68%  
  Learn More About Debra
I agree that the culture of a country has a significant influence on the country's prosperity. However, the political decisions and current economic state can undoubtedly have an impact as well.
  Considerate: 95%  
  Substantial: 100%  
  Spelling & Grammar: 98%  
  Sentiment: Positive  
  Avg. Grade Level: 13.16  
  Sources: 0  
  Relevant (Beta): 100%  
  Learn More About Debra
When you are happy, then you look at your life with optimism, eagerness. You are looking forward to tomorrow, to see what it brings, to experience new things and enjoy them.
When you are satisfied, on the other hand, then you are content with what you have. You do not expect tomorrow to be qualitatively better than today, because you are already fine with where things stand.
Happiness is a state of continuous excitement. Satisfaction is a state of continuous apathy.
The difference in effects on the individual's behavior is profound.
A happy individual is full of energy and constantly does something that makes their life even better than before - and in the economical space, it results in high activity and productivity, in innovative and out-of-the-box thinking.
A satisfied individual, on the other hand, is relaxed, slow, apathetic. They will not do much outside the minimum they need to maintain their state of satisfaction. They have no reason to do or think anything else, because they already are at the point where they are fine with where things stand.
A truly successful individual is never satisfied. The individual may be happy; the individual may enjoy their current state; but the individual always wants more from life than they already have. This drive to constant improvement of one's life on a societal scale is a necessary condition for the economy to consistently grow, improving everyone's quality of life.
Economies full of happy people in the long run will always surpass economies full of satisfied people.
  Considerate: 95%  
  Substantial: 100%  
  Spelling & Grammar: 95%  
  Sentiment: Positive  
  Avg. Grade Level: 11.64  
  Sources: 0  
  Relevant (Beta): 80%  
  Learn More About Debra
  Considerate: 77%  
  Substantial: 90%  
  Spelling & Grammar: 92%  
  Sentiment: Positive  
  Avg. Grade Level: 7.72  
  Sources: 0  
  Relevant (Beta): 93%  
  Learn More About Debra
You can avoid reality but you cannot avoid the consequences of avoiding reality. Ayn Rand
  Considerate: 83%  
  Substantial: 92%  
  Spelling & Grammar: 89%  
  Sentiment: Neutral  
  Avg. Grade Level: 8.14  
  Sources: 1  
  Relevant (Beta): 86%  
  Learn More About Debra
  Considerate: 82%  
  Substantial: 20%  
  Spelling & Grammar: 86%  
  Sentiment: Neutral  
  Avg. Grade Level: 5.26  
  Sources: 0  
  Entity Sentiment Detection: nbsp         
  Relevant (Beta): 71%  
  Learn More About Debra