Wealth Distribution in the USA

[FDG]

It should be noted that if one were to redistribute the wealth as advertised the results would add no extra beef stew to the dinner plates of Americans. Say you half the inequality whilst completely and perfectly preserving the value of the US economy. It would be roughly true that the price of beef stew would double because twice the amount of cash would be chasing the same supply and demand problem.

It would be roughly my ass. Sorry Jim but this is laughable, you are assuming that the supply of beef stew is completely inelastic with respect to price, and its demand completely elastic with respect to income, which is completely absurd. I really hope you're joking.

There is an argument that you could actually force the price up above double because stripping the money out of investments in beef farms would cause many of them to shut down; also leading to wider unemployment; which is likely countermanded by people targeting investment in beef - if they believe the profits won't be stolen which is rather more difficult to convince them off once you've just used the government to asset strip the previous investors...

Hello? Why exactly would people who receive "stocks in beef farms" want to close the farm and cash everything? More importantly, they would have to sell the farm to someone else, which would likely go on with the business, especially if we suppose that prices are doubling...

Jim, just...no.