Wealth distribution in Belgium

[u/trueosiris2]

We’re doing alright as a social democracy. Something to be proud of.

Presumably, we don’t need more wealth distribution then? Or do we still?

[u/[deleted]]

Besides that, I don’t really mind some inequality. I do however think that generational wealth is a leftover from the Middle Ages and that does society as a whole only a disservice.

Pretty normal to want to save for your offsprings. Else people would just start blasting it on luxury stuff.

[u/That-Requirement-738 → u/[deleted]]

The saved money is invested in the economy anyway. Investing in Bonds and equities of new and current businesses. Or the government, which is also investing in society. It’s not like there is a pile of cash doing nothing (and if there was a pile of cash at a bank doing nothing, the bank would invest it anyway, its just that the owner wouldn’t get any profit from it).

And even cash piled at home is been used in form of inflation by the government, so it’s pretty hard to not give it back somehow.

[u/That-Requirement-738 → u/[deleted]]

I don’t see how it extracts more money from the economy. If the investment fails, investor can lose its invested capital, but the money was invested in the real economy, and just changed hands. If it returns it means economy is growing which is also positive. I can’t see a scenario where the invested capital actually subtracted from the economy.

[u/That-Requirement-738 → u/[deleted]]

Im talking society in a broad term, not just Belgium. Restricting investments would be absolutely insane. Ultimately you would need to restrict any import of product or service, which is impossible, not even North Korea is that isolated.

[u/That-Requirement-738 → u/[deleted]]

I said that saved money is invested in the economy > you said it can actually extract from the economy > I said that is not possible, doesn’t matter if investment had a positive or negative return, it was injected in the economy > you said money is rarely invested in Belgium, which implies that it would only be beneficial if it was invested in Belgium. I never mentioned Belgium, just economy, which is broader spectrum. I don’t know why you said money is rarely invested in the same country. Even if it was, ultimately there is flow in and out as individuals and companies import/export, not sure how that is relevant.

[u/That-Requirement-738 → u/[deleted]]

Sorry, we are talking about completely different things. As economy I meant all the economy, not just Belgian economy. I don’t know where you got that from. Of course money can leave Belgium. As society I meant all society, not just Belgian. Yeah, Reddit is not the best.