
Originally Posted by
ShowtekGER
it's a historical truism that the poor have also gotten richer under capitalism (even though i would dispute whether that's actually connected to the system of capitalism) but that isn't true today anymore. the poor are getting poorer and the rich richer. for decades real wages in america have stagnated for the vast majority of the population while working hours have increased. from a global perspective, i don't think the starving african or dying chinese in an apple factory approves very much of the fact that poor people are richer in an economic sense than 100 years earlier either.
It's obvious real wages have gone down in america, especially since everyone has multiple video game systems, personal computers, cell phones, blueray players, dvd players, ever increasing bigger tvs and more of them. People have way more in america today then they did decades ago.
not to mention the psychologically and socially crippling effects of economic inequality which account for many of the social problems we are experiencing and rarely find an explanation for.
Many of the social problems in america are due to the Welfare state set up by Lyndon Johnson in the 1960s
i'm not sure to what extent this affects people. surely though, the idea that the greater the money incentive, the greater the productivity is surely not true. there is only so much abstract enrichment you can crave. if 1 million dollars in our current society is what it takes to risk because this is considered a lot, it might just be 1000 dollars in another region. to give you a real example, 68% top tax rate in my country (denmark) does not keep people from risking and being productive in a captialistic system and i think this is because the parameters are different. the psychological mechanism behind it is to own more or achieve higher status than others and this mechanism is also active if economic inequality is minimized.
I wasn't talking about productivity, I was talking about investment. But since you brought up productivity, many workers won't do any more than they have to if there is no incentive. Investors look at risk versus reward, the higher you raise taxes the lower the reward will be, and therefor less money will be risked in investments.
not that i approve of obama, but this kind of opinion is really sad as you're simply repeating what the propaganda machine has instilled in your head. yesterday i and a group of people reached the consensus that we may allow ourselves the arrogance to claim that about half of the american public are completely brainwashed so i'll just apply this here.