Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10 5/3/83; site utzoo.UUCP Path: utzoo!laura From: laura@utzoo.UUCP (Laura Creighton) Newsgroups: net.politics.theory Subject: Re: Redistribution of Wealth & the Economy Message-ID: <5063@utzoo.UUCP> Date: Sat, 16-Feb-85 10:59:38 EST Article-I.D.: utzoo.5063 Posted: Sat Feb 16 10:59:38 1985 Date-Received: Sat, 16-Feb-85 10:59:38 EST References: <326@gargoyle.UChicago.UUCP> , <1370@dciem.UUCP> <5045@utzoo.UUCP>, <480@whuxl.UUCP> Organization: U of Toronto Zoology Lines: 19 The argument that the poor should have more money to enlarge the enconomy has been tried, and tried again. Granted that if the poor are really, really disadvantaged it is in the interest of the rich to give them money -- otherwise civil war. In any other case you are playing insurance salesman again. The poor aren't going to sit on their money, they are going to be buying something that they want with it. The people who produce, distribute and retail these goods are going to become rich. If you take their money away from them, to redistribute, then they are going to find their money of less and less value to them and stop doing whatever it was that tehy were doing so well that enabled them to become rich. If you let them keep their money and merely inflate the money supply, then you have nailed everyone with inflation. The rich will be hit for the most net amount, but the poor will be hit hardest because they are the ones with the least amount of slack in their budget. Laura Creighton utzoo!laura