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For the most part, yes, but unfortunately political systems that are set up this way don't usually work without very strict rules implied. The only real problem with capitalism and communism is the human factor, being that humans are always going to be greedy, especially the higher up the payroll
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Is Redistribution of wealth called stability?
Redistribution of wealth equates to nothing more than the government taking what you earned with your time and sweat and basically giving it away. This isn't fair, it's communism.
Is redistribution of wealth socialism?
That depends on who it is redistributed to. If wealth were redistributed to individuals (say for example to make people's shares more equal), but remained privately owned and controlled by individuals, that would not be socialism. But if it were redistributed to collective ownership in any form, or retained in government ownership, or if its use were controlled by the government despite different assets nominally belonging privately to individuals that would be socialism. Whether the USA needs socialism, and whether socialism goes against human nature, and whether redistributive change is counterproductive to the entire society are questions that are not related to which forms of redistribution are socialist. NOTE: it is well worth paying close attention to the difference between a redistribution of wealth and a redistribution of income.
Why wealth is not distributed fairly?
The question itself is a false premise since wealth is never "distributed," it is only earned (either by hard work or chance by lottery) or is inherited. There is no central planning office that controls wealth and distributes it. That cannot happen unless there is first confiscation and then it is "redistribution."
Why is wealth an abstract noun?
The noun wealth is an abstract noun because wealth is not a physical thing. Wealth is a sum total of a person's money or property, their financial wherewithal, or even a person's good characteristics, abilities, positive relationships, etc.
Would redistributing incomes from the rich to the poor reduce the overall problem in scarcity?
No. Redistribution would not improve the supply, but rather the demand for goods. * Although "control" of the country's wealth is in the hands of a minority, there would not be enough revenue from income redistribution to improve the average lifestyle: that would require the redistribution of income-producing resources, which is socialism or communism. Once there was no advantage to self-improvement, the "rich" would stop earning money that they could not keep.
What is the cause of Distribution of wealth?
The redistribution of wealth is aimed at enhancing levels of economic equality.
What is the redistribution of health?
I think you mean redistribution of wealth?Redistribution of wealth is the transfer of income, wealth or property from some individuals to others caused by a social mechanism such as taxation, monetary policies, welfare, nationalization, charity or tort law.[1] Most often it refers to progressive redistribution, from the rich to the poor, although it may also refer to regressive redistribution, from the poor to the rich.[2] The desirability and effects of redistribution are actively debated on ethical and economic grounds.-Wikipedia. :)Basically meaning, the more money you make, the more taxes you pay, because the government is distributing wealth.
Did Karl Marx believe in the concept of redistribution of wealth?
Yes, Karl Marx believed in the redistribution of wealth as a core tenet of his political and economic philosophy. He argued for the redistribution of wealth to address economic inequality and advocated for the abolition of private property in order to create a more equitable society.
Is Redistribution of wealth called stability?
Redistribution of wealth equates to nothing more than the government taking what you earned with your time and sweat and basically giving it away. This isn't fair, it's communism.
What is community finance?
Community finance incolces the redistribution of wealth by the communist overseer.
Why would people with wealth be for redistribution of wealth?
So the sick and elderly don't have to survive on the streets if a financial catastrophe hits their lives.
Does President Obama want redistribution of wealth?
Yes, he has made that clear many times.
What was the name of Huey Long's program to help the poor through the redistribution of money?
Share Our Wealth.
How did the crusades accelerate change in Europe?
It brought about a redistribution of wealth and brought a new class of European to the fore front.
Is redistribution of wealth socialism?
That depends on who it is redistributed to. If wealth were redistributed to individuals (say for example to make people's shares more equal), but remained privately owned and controlled by individuals, that would not be socialism. But if it were redistributed to collective ownership in any form, or retained in government ownership, or if its use were controlled by the government despite different assets nominally belonging privately to individuals that would be socialism. Whether the USA needs socialism, and whether socialism goes against human nature, and whether redistributive change is counterproductive to the entire society are questions that are not related to which forms of redistribution are socialist. NOTE: it is well worth paying close attention to the difference between a redistribution of wealth and a redistribution of income.
What social security act 1935 and the fair labor standards act 1938 have in common?
All involved redistribution of wealth
Which program was part of Huey Long's efforts to help the people of Louisiana who were struggling with the Great Depression?
Huey Long's proposed wealth-redistribution program was called "Share Our Wealth" (aka Share the Wealth), with the catchphrase "every man a king."
