Why is it unfair for people to be able to keep their property?
Ooh, look at that. Someone using a kindergartener's model of ownership.
The world is more complex than that. Fix your brain to match.
Because if people cannot keep what they earned, that removes incentive for people to earn.
You do realize that with what we have now people don't get to keep all of what they earn, right? There's not only a tax burden, but the regular worker supports the ultra-rich. This is just a measured increase in the taxation on the ultra-wealthy to reflect their increased fleecing of the workers.
Increased fleecing != increased wealth as a nation. You need to understand the difference between wealth creation and wealth transfer. The wealthy are getting better at wealth transfer -- transferring wealth from the worker to themselves. This does not increase production. It does not increase demand in the "regular people" economy -- it in fact lowers it as the worker doesn't have as much to spend on himself because he DOESN'T GET TO KEEP WHAT HE EARNED.
Higher taxation on the ultra-wealthy allows lower taxation on the worker allowing him to keep more of what he earned.
And not every have-not will become a have. But without the potential reward of becoming a have, why would anyone even try?
Working to game the system of work != working for yourself.
There does not need to be the incentive of infinite wealth transfer to get people to work harder. 20% more work for 20% more money works just fine. If you have managerial skills, the ability to take your share of the increased production of the workers is also an incentive.
There needs to be no infinite leverage to create slaves to you in order to retire to a beach and live off their production. Having access to your OWN production is sufficient.
We have the military might to go back to Africa and get more slaves for ourselves -- slavery not hidden in the vagaries of worker competition. I don't see too many people saying, "Hell yeah! Capitalism! Let's DO IT!"
The fact is, slavery isn't all that good for making a growth economy. But that is where we are headed with the regular worker -- where he does all the work for near-subsistence pay to support the leisure lifestyle of the entitled landowner.
The American worker is more productive than ever, yet he only gets a fraction of that increased productivity for himself. Taxation on the ultra-wealthy who
are otherwise the sole beneficiaries of that increased production is the best way we now have to rectify that. It doesn't mess with the front-side of capitalism -- property ownership, worker competition, managerial improvements, capital reinvestment -- it just collects the slop on the back end to reinvest in the worker because the front-end of the system doesn't give him the leverage to do that for himself.
Capitalism is a system that works very well at getting the most production for the least compensation to the worker producing it. But at some point the worker should have an increased share, because otherwise growth in that sector is held back.
Skimming off his production far and away above what reinvestment in his job can reasonably result in an increase in production just isn't efficient to the overall economy.
The luxury market has its place -- it's a wonderful thing to have. But you do not need a market of infinite luxury. After a certain point it just has no relevance to even the lives of top managerial workers.
Ah, now I get where you are coming from.
In any event, if he can buy ten luxury yachts instead of five, that means twice as many workers had jobs.
But how many MORE jobs would've been had if his workers had that money to spend instead?
The luxury yacht market is a dead-end for growth. It is transferring the wealth of workers to other workers who are producing nothing of use to the working class.
Instead of him buying ten 50 million dollar yachts, what if 22,500 of his workers could afford one $20,000 Bayliner each, with him having one $50 million yacht? Wouldn't the worker be better served by innovation in the Bayliner, making a cheaper and better toy for the working-class, than for the ultra-wealthy to get a slightly better yacht for his dollar?
The upper- and upper-middle class
worker are the ones who open new markets that trickle down, not the 1% entitled landowner. It is those upper-crust workers who buy the reasonably better things, and there's enough of them that when they do it opens up economies of scale, bringing up everybody. The entitled landowner, OTOH, is little more than a burden on the system. They have their uses, but they do not need infinite wealth to accomplish that use. Too much wealth becomes idle hands -- the devil's tools. Instead of putting the money to work in good ways, they put it to work in bad. The American worker is not served by offshoring and pouring money into DC and propaganda for regulatory room and taxation schemes to further increase the wealthy's share.
How many people would be out of well-paying jobs if the ultra-wealthy lost that wealth. Who would employ those people?
The regular economy would grow to encompass them and more, because the wealth would be poured into the regular economy.
How much would you allow them to acquire? Please give an exact number that we can place in your new law.
You are corrupted by absolutist thinking. Think evolutionarily.
Mutation and selection serves to find local peaks. You want to know where that local peak is? Try mutating and selecting.
Of course, that is
change, which is a conservative's greatest fear because he lacks the brain power to analyze the result. But not all of us are stupid. We can step, check, think, progress.
Evolution can design things that are beyond a human's ability to design. I do not need to be able to design the perfect command economy to be able to see problems and submit that tinkering may be in order.
So the workers are going to buy the buildings (or do they just steal them?),
They are already the product of the builders' work.
pay for the raw materials (steal them?),
They are paid for by the product of their work now.
hire the designers, pay for the advertising, negotiate the contracts, hire and fire each other...
All done by the workers now.
And who decides which workers are in charge? Who decides what path the business is going to follow? Do all the workers share in the profits equally? Does the janitor get paid the same as a supervisor? Do all the workers share in the risk of loss, i.e. taking money out of their pockets?
Evolution will take its course. If it is not run internally to match the external conditions, unless by some miracle of design, natural selection will come in.
Companies are largely evolutionary. Is this news to you? Did you think they were all intelligently designed? That they burst forth from someone's head with every worker understood by name, every communication path mapped out in its entirety, every supply path marked out, every parts bin located?
And where in the world has this system you propose worked? Has it been attempted in other countries? How did that work out?
Are you retarded? What system? I was just illustrating that you cannot steal the wealth inherent in the worker or what he grants you by consent.
You "own" Ford and want to take it China, yet Americans continue to want to make Ford cars? You can't stop them. If Americans decide that they want to use "your" blue oval, and "your" car names, and "your" car patterns, what are you going to do about it? Sue? The government is Of the People and For the People. If the People decide that it's all theirs now, guess what? It's theirs.
Ownership is by consent of the People. They usually give consent for anything that traces back to something that would reciprocally apply to them, because otherwise they leave themselves exposed; but extremes can form another case.
Much can be done in the name of national necessity.
Do you assert that there is not a huge amount of waste in the government?
No, I assert nothing for I have not done an analysis of efficiency. But 20% of the budget is Social Security -- a direct pay out, so you'd have very little to stand on if you asserted >80% waste. 20% is Defense, and we do get out of that the most powerful military in the world, so that 20% is obviously not 100% waste. The 23% in Medicare and Medicaid is an iffier proposition, but the People do seem attached to that entitlement. Working out the waste in that would be more complicated than figuring out how much NASCAR wastes in duping people to buy overpriced products, and any plea on my part for intelligence would have just as much as an effect, so I don't have much incentive to really look into it.
6% is interest on the debt, $4.5 trillion of which is held by foreigners. That part's a waste, but in order to pay it back we're gonna need 4.5 trillion in surplus. The entire spending budget's 3.4 trillion, so I don't think you're gonna find 4.5 trillion in waste to cut in there.
You can assume that I would understand at least a high school-level explanation of your position.
A good portion of the country's "high school" is my state's "first grade;" so that doesn't change much.
Your dumbing-down approach just makes it sound dumb.
Your ideas at full complexity are retardedly simplistic. So if you can't grasp what I'm saying (and you obviously haven't if you think it's "dumb"), that says to me that I haven't yet dumbed things down enough to reach your level -- that I haven't yet reached your "catch" level from which I can work you up step by step.
So the question is, are you worth the effort? And the answer is, "No."
Go back to school and get back to me when your catch point is considerably higher.