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Economics
Re: Is Bitcoin failing?
by
Ibian
on
05/01/2014, 01:06:40 UTC
Quote from: Loki8 on January 05, 2014, 12:40:57 AM
Quote from: Ibian on January 03, 2014, 11:38:13 PM
Why does wealth need to be distributed?
Because countries that have reduced poverty and income inequality are civilized countries!
The United States has such an unequal distribution of wealth so that it's in the league of corrupt underdeveloped countries, no longer in the league of the developed nations, according to the latest edition of the world's most thorough study of wealth-distribution.
Maybe I wasn't clear. What I meant was, explain, in practical terms, how a more even distribution of wealth will benefit the economy. Additionally, explain how it could happen without confiscations at gunpoint.