Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

Do you believe economic “fairness” plays an important roll in the economic growth of a country?

When prosperity is more widely shared, as it has been in the best of times, it equates to more jobs being created and that gives the middle class greater purchasing power which then drives the economy. The needed prosperity of the middle class has been dropping steadily over the last 30 years.

Update:

I’m not advocating socialism & nothing in my post indicates such a desire. My concern is that we are moving quickly toward Plutocracy: 1. Government by the wealthy. 2. A wealthy class that controls a government. 3. A government or state in which the wealthy rule.

Update 2:

This is about the need for reinstating business ethics; about responsibility. It is about the constant unprincipled quest for unlimited riches using any means in the attempt. It is about people fire bombing the economy without a modicum of concern. It is about a lack of moral code.

3 Answers

Relevance
  • Favorite Answer

    Judging by the vociferous responses thus far, apparently the inherent unequal distribution of wealth in most business models in this country require a lot of lopsided defending.

    Most economic systems in America have one thing in common, a deliberate drive to the bottom for wage stagnation.

    A primary goal like some of the responses, is to preemptively denigrate present and potential future production labor pawns, as unworthy, lazy, unproductive, non-producers, a strange vernacular considering that those doing the exploitation of production labor are inherently "non-producers, lazy, manipulative, greedy" and they have a habit of projecting their own worst personality traits upon the vague, nondescript minions of industry that without exploited production labor, investor class and their stolen wealth would not exist.

    Another problem that continues to plague production labor in this country is the non-stop denigration and devaluation of human labor as a valuable commodity.

    By assassinating the very character of people at the bottom of the economic mountain, this eliminates any potential worker sympathy other workers might have towards their fellow workers IF some workers are convinced by this divide & conquer tactic, to unconsciously/consciously loathe and dismiss their fellow workers as lazy and undeserving of little if any livable wages.

    Anyone who says that fairness has no place in a profit making business ultimately has a lot to gain from unequal wealth distribution using the typical business model:

    - Exploit labor.

    - Denigrate their relative human labor potential as essentially worthless.

    - Then consciously rob the working class blind by skimming most of the profits for the investor class and the enablers at the top of the economic mountain of hoarded wealth.

    One of the few business models that pays a living wage to their employees, is Costco.

    They have one of the lowest mark-ups in the retail business of 15%

    Employee turn-over is one of the lowest because they treat their employees right, something most businesses refuse to do because, you know, it's just business, not a personal relationship.....

    Source(s): history
  • ?
    Lv 7
    9 years ago

    No.

    I think that rewards those who fail and who refuse to work and punishes those who create wealth, jobs, ideas, services, goods.

    Fairness is a child's concept of justice. It's unjust. It's like when you bring a bag of candy to the school and the teacher forces you to share it with anyone. It is unConstitional as it goes directly against our rights to private property.

    The money you would give them is a fish.

    Capitalism teaches them HOW to fish.

    They can eat for a day, which is all Socialism to ANY degree gives anyone, or you can make them independent.

    And you are lying about the prosperity of the middle class.

    www.u.arizona.edu/~lkenwor/indv102livingstandards.pdf

    Don't make up stuff. As a Democrat (a REAL Democrat, not one who has sold his ethics for a Socialist agenda, or an apologist for them), I have nothing but contempt for Socialism already.

    You just feed our contempt when you make crap up.

    Check the facts, folks. Socialism is a failed ideology the world over.

    This is their last stand.

    They need to get the HECK out of my party and go back to their own.

    There are a LOT of us that are DEMOCRATS and will NEVER be Socialists.

  • 9 years ago

    Economic fairness is socialism. Look at your socialist counties. Not much growth I would say

Still have questions? Get your answers by asking now.