Digger asked:


Doesn’t taxing the upper class lower than the middle class fall into transferring the wealth. Why do McCain/Obama make it sound bad?

COY

Randolph asked:


I know of one…

Large bankruptcies routinely move hundreds of billions of dollars of wealth from investors and company pensions to so-called “secured creditors”. However counter-intuitive it seems that bankruptcy would be a SOURCE of wealth transfer, it is what it is.

Does anyone, especially the economists out there, know the other nine?

CHRISTIAN

kayla asked:


a. Improved the standard of living for most Americans
b. Widened the income gap between factory workers and farmers
c. Led to a concentration of wealth in the hands of a few industrialists.
d. Led to a concentration of wealth among unionized workers.

P.S if you plan on answering this, don’t do it to fool around. be serious. thank you!

BRIAN

Ben B asked:


I’m a big fan of Wikipedia, it’s my main page and I’ve spent hours and hours reading articles. I was reading about Wikipedia in the article Wikipedia when I read this:

“In a study of Wikipedia as a community, economics Ph.D. student Andrea Ciffolilli argued that the low transaction costs of participating in wiki software create a catalyst for collaborative development, and that a “creative construction” approach encourages participation.”

So that got me thinking, intellectual constructs are a form of wealth, just think of all the intellectual copyrights out there. But how do you measure the wealth and intellectual property generated from a project that’s never been sold? How much richer is the world and each individual when they benefit from an Open-source project?

GARRY

Justin asked:


I understand how competition drives down prices.

However, I’ve often wondered how the free market puts a value on everyone’s labor. What happens when someone’s labor is over valued or under valued?

How can there be huge billionaires in the world? Surely, no one person’s work can be worth that much. There has to be some kind of bad arrangement that screws other people out of their wealth.
I’m not talking about how hard someone works. I’m talking about how the free market allows or disallows people to get paid the true value of their labor.

BORIS

conebone69 asked:


Too much wealth can cause problems for countries. Identify 3 ways in which too much wealth can be problematic for a country, what are 3 problems that arise in wealthy nation-states because of too much wealth?
There has to be an answer, this is for homework…I understand that dispersal of wealth can be a problem ,but is there anything else?
SpitFire, I think I’m in love with you. I REALLY appreciate the help.

FRANCISCO

Am asked:


I got one that quoted 5% of the world’s population owns 90% of the world’s wealth, but they failed to cite their source(s). I need an actual percentage of the global population that owns “x%” amount of the global wealth. I would like it to be as current as possible. Please, also tell me the source where you got the information from, because I will be citing it in a paper I am writing.

Thanks, I really need this information. It’s really hard to find specific information regarding this issue on an internet search engine. Just try it for your self, or maybe I’m typing in the wrong “key words” for the search.

FRANKIE