How true is this?

All that would do is drive inflation up 1500%.

Exactly, it doesnt. Then all the businesses, inventors, innovators, smart able people leave because you just robbed them and your entire economy crashes.

what % of niggers can achieve something even remotely close to the level of productivity needed to earn that?

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>wealth in the U.S
>per family

Pic related

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if everyone received annual income regardless of effort there wouldn't be annual income for long

not how wealthy works though lol. theres still a finite amount of resources and production not to mention this hypothetical would cause production to plummet. so dumb, go away. anybody who looks at this for a second and sees anything other than retardation is an actual idiot or shill.

Wealth and income are not the same thing. You can divvie out the wealth for one year and then you're screwed. Also lots of that wealth is based on debt and if you give it to people who can't pay back then the economy breaks

If everyone made $700k/year, everyone would be equally poor.

This.
At the end of the day, the mega rich will still own companies and means of production, they can make that money back. The majority of people who barely save up cash or live paycheck to paycheck will now have $700,000 that won’t do diddly shit unless they know how to invest it.

>per family
Didn’t communisti hate families?

Communism is a lie.

If the wealth in the soviet untion was divided equally, there would be just enough money to buy a piece of bread

prices of goods and housing would skyrocket

This

you use the standart of a kapitalist system to convince people to go communism, arent you some special form of stupid

No, the reason it fails is because commies are godless.

>If everything is [x] then nothing is [x].

Oh shit, everyone makes 700k a year? Better jack up the prices.
I mean, someone's gotta live in the shitty houses, they don't just transform into better ones.

...

If the jews didn't do 9/11 there wouldn't be 2.4 trillion spending on iraq war that achieved nothing aside from protecting their own civilians from Saddam gas attacks.

The reason it fails is actually because commies are godless.

>redistributing property so that almost everybody has housing
>US economy booms because whitey isnt forced to pay kike rent
>niggers sell it to whitey and shoot so much crack they die
Do it faggots

Wealth means you're mulching every building, every piece of specialized machinery, every share of stock into its monetary value. And then what?

If everyone got 700,000 businesses would just 10x crank up the prices and normalize it like inflation always does.. that logic is just as stupid as kindergardeners thinking the federal reserve can just print money to solve poverty

And if it was distributed to the true workers and not to some liberal gender studies fags and niggs on welfare it would be even more. Really makes u think

if the wealth in the US was divided equally there would be no wealth for anyone

Based

> family

So single moms with 5 kids from 3 different men get what, exactly?

If everyone was paid equally why would let's say a doctor go through years of harsh studies if he can just pick a profession that doesn't require any education?

I don't really agree with the wealth gap (especially in Murika) but this is some commie bullshit.

Everyone would starve and suffer tremendously almost immediately, not to mention the full scale civil war from stealing private property

I don't think you get that much even if you divide the GDP by the population, I have no idea how the picture in OP's post was arrived at.

>Work as a burger flipper make $700,000 / year
>Work as a doctor, lawyer, or engineer to make $700,000 / year
Hmm, do I want to study and waste my life on a hard career where I would make the same money as burger flipper?

Yeah thats exactly what happened with Black Wall Street in Tulsa, Oklahoma

Oh, wait

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>I don't think you get that much even if you divide the GDP by the population, I have no idea how the picture in OP's post was arrived at.
It is irrelevant. What is relevant is that IF everyone had the same amount of money, we would all be equally poor based on supply and demand.

IF everyone made 700k/year milk would cost $45/gallon because there are people out there that would justify it for all of us.

Define communism and why income redistribution is communist

>(annual income)

you can’t redistribute the wealth every year, it is a one time payment

Might even be true, however, it's just the US. The left who would want to redistribute the wealth also want to get rid of racist stuff like borders, so everybody can come to the US to "pursue happiness" (read: get these $700k), so there would be millions if not billions of people coming over and cash in, and in the end everybody would get something like a quarter (as a one-time payment, as the whole economy collapses then anyway).

i'm in favour of UBI because if you decide to live as a consumerist neet then you will just pay for those who have businesses and the money will circulate
if you decide to do something with the money then generally, crime and tribalism will decrease

700k is a little much though
1k should be enough, really, 1,5k if you've got the right reasons

And then money becomes instantly worthless and your economy falls apart

You'd have to have a pretty big family for your income to be that high under conditions of perfect equality. Wealth redistribution could give you that much, but it would be a one time transfer, not annual.

Perfect income equality in the US would be a family income of $229,867.16 for a family of four in 2016.

this
your wage is a direct representation of your value
leave it to commies to not understand economics

>i'm in favour of UBI because I am a worthless neet with nothing to contribute to society
Fixed it for you.

Try $57,466.79 - which is the US GDP per capita. Dividing up "wealth" only works once, and in doing so, you would destroy most of the aforementioned GDP.

untrue, GDP per capita is like 50K

Wealth being that high isn't so crazy. Americans are pretty poor in terms of net worth given how productive the US economy is. US median net worth is only $55,876 per adult. In Iceland the median net worth is $444,999 per adult. Switzerland has a median net worth of $229,059 per adult.

If US wealth were redistributed, even if we didn't reach perfect equality, we could easily have a sovereign wealth fund with household shares worth high six figures to low millions USD per family.

>terrorism is part and parcel of living in a big city

GDP is the production in a given year, the size of an economy. Wealth is all the accumulated assets produced and still available in the country, all the business equity, all the housing, all the natural resources. Wealth can be much higher than GDP if you manage to hold on to valuable things and not blow all your money on experiences/services/throw-away items.

>Everyone gets $700,000 annually
>$700,000 is now worthless

Wealth can build up over decades or even centuries. There's still an old landed elite in Europe, but their holdings were seriously hurt by the World Wars and the Russian Revolution. Multigenerational wealth has been building up in America too.

I think the issue is not about equalizing burger flippers and high end professional jobs. The issue is that a large amount of the wealth is being absorbed by people who engage in financial manipulation to the detriment of society and don't even make a product or service. Sure, a burger flipper shouldn't make as much as a doctor, but should a hedge fund investor be making substantially more than a doctor? Should a bank be making 10s of thousands every time someone sells a home? That's where the problem lies.

>implying that rich people will stay long enough in the country to lose their wealth to niggers and plebs
user, once they leave the country the only thing to distribute will be poverty, it happened in Venezuela, it happened in Cuba and virtually any communist country during the regime change

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>Multigenerational wealth has been building up in America too.
And that is a good thing.

Complete fucking horseshit. And even if it wasn't:

If every household in the U.S. made $700,000 per year for doing nothing, the currency would be practically worthless.

Inflation is a thing.

VZ just has oil and Cuba only had tourism and sugar at the time of the revolution. The US has a big diverse economy. The rich can run away with paper assets, but so long as Americans continue to produce real value in terms of goods and services, we will do much better without them. We would be better off taking more of the value we produce for ourselves and giving less to the investor class.

(((wealth generation)))

Leftist wet dream

You can only liquidate all the assets once, bro.

>the success of the black wall street in tulsa was the result of equal redistribution of money
no it was the result of the free market capitalism and a black culture that had not yet abandoned the concept of family and personal responsibility and private property

And sold them to the Chinese

Sounds like a plan

this

Leftists can't be the ones to reign in the rich, it has to be someone from the right or a person like Trump who does it.

>GDP $18.5 trillion
>~320 million people
>~$60,000/person
>Average family size of ~5
>$300,000 a family
It's about half true.

like micheal bolton says, No one would do shit if everyone had a million dollars.

Hence the argument over (annual income) in the picture.

Yeah, for the one year. Then when nobody works and there is no wealth left because we traded it all for 700k, we would starve the next year...

Outside of the top 0.1% or so, most of that wealth is in suburban housing, a pretty stupid wastful asset that can have its value destroyed as soon as poor brown people move into the neighborhood. Climate change could cause the US to be swamped with poor people from the global south, causing a huge plumet in residential real estate. At least Europe is properly urbanized so that even if they get swarmed with blacks, those people will be relegated to suburban ghettos, and housing near transit/city centers will hold value. American property owners mostly gave up on their cities. The Detroitification of the suburbs is coming.

Even though Margaret Thatcher was a neocon, she was right when she said that socialists would rather "the poor were poorer, provided the rich were less rich"
>youtube.com/watch?v=pdR7WW3XR9c

This

I'm shocked how many people are financially retarded. Got a comfy white collar job where me and everyone I work with is pulling in at least $100k/yr. I've managed to build an investment portfolio worth over $500k in less than a decade, yet half the office is living paycheck to paycheck and constantly complaining about how broke they are despite making the same as me.

If the wealth were divided equally, the very next day there would be inequality again. Some people would save their money, and some would spend it

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>elite right-wingers need to divide the wealth

Can't get more brainlet then your average conservative voter.

>Climate change
This is how I know you are batshit crazy with no grasp on reality.

Dont forget about Vegas

>annual
When it comes to confiscation of wealth, you can only pull that trick once. Bye-bye to the current standards of living and production, hello Zimbabwe/Venezuela

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If you ignore the debt, sure.
If you factor in the debt a murican actually owes $65,642 to some kike.

You leaf owe C$32,382

The inflation would be insane

The richest and highest standard of living country in the world, Norway, exists because it rejected Thatchers policies. The majority of non-housing wealth in Norway is publicly owned. It works out pretty well for them. peoplespolicyproject.org/2018/03/14/the-state-owns-76-of-norways-non-home-wealth/

>being so much of a brainlet that you immediately link sayings to meme headlines as if its an argument

The problem is not only the paper assets, a revolution leaves them enough time to literally take any assets they want and they might even destroy some as they did in Russia to make industrial suicide. Plus taking the money is good enough to destroy the dollar's buying power, that's why Hitler didn't expel the Jews immediately, because they had so much of the country's currency value that if he let them leave without taking their assets would reduce the buying power beyond what they already had (~4,500 reich marks for a loaf of bread), this is precisely the problem the US faces when so many immigrants send money to Mexico or whatever shithole they came from

rodesia right know is the country with the most billionaire, he does not make them the richest country

>wealth split equally among all citizens
>nogs and formerly poor people blow their wads on dem johdans, rimz, and other useless items
>innovators and formerly wealthy people spend lightly and invest wisely
>one year later rich and poor are divided among roughly the same lines as before
That's assuming of course that no one is allowed to leave the country after such a commie disaster

In 2018, most value is legally brands, patents, copyright, etc, but its really in social organization and intellectual creative work. The biggest taxi company, Uber has a valuation of $72, but owns almost no cars. The biggest book seller, Amazon has a market cap that has breached $1 Trillion, but they own almost no bookstores.

Sure there is some value in plant and materials, but almost all wealth is now virtual. We, the engineers and sysadmins, have backup copies of the code and data. Let the shareholders flee. We can run things without them.

Basically. Hey fuck wealth redistribution and the communist horse it rode in on.

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The price of Jordans would shoot up to 10 grand per pair.

>using a socialist think tank as a source
>using a source that makes the "Nordic model is socialism" claim that's been debunked a hundred times already
Kek

thefederalist.com/2018/08/17/debunking-socialist-myths-90-percent-scandinavias-wealth-privately-owned/

>The most obvious issue is that under this measure of socialism, Norway is not the most socialist country in the world, Mexico is. A look at WIR’s country-level data shows that 60 percent of Mexico’s national wealth was state-owned in 2009 (the most recent year available) compared to just half of Norway’s (50.5 percent) that same year)

Under your metric, why aren't you also praising Mexico as a shining beacon of socialism?

Completely true for all of four hours before the economy would collapse.

Bruinig pierces through The Federalist lies with his awesome weaponized autism.

peoplespolicyproject.org/2018/08/17/surprise-the-federalist-publishes-obvious-lies/

Is the GDP per capita in US 700 000? That's pretty impressive.

It fucking infuriates me how stupid people are allowed to be nowadays.

no wonder your country sucks dick if its full of retards like you

Trying to fix my shit ass portfolio. Any tips bro? I don’t have a lot of time to monitor markets and shit. I realize I should spend more time but I really don’t have it. I’m not buying in the index and I know I should. So far sticking with mutual funds and I know that’s never going to turn a proper return over a sane amount of time.
>inb4 asking financial advice on a homosexual anime Korean board