I don't see how this could happen. While I don't support putting some arbitrary limit on wealth, 10 million would still be a ton of money even if there were a cap in place. The majority of people would still never come anywhere near it.
I don't see how this could happen. While I don't support putting some arbitrary limit on wealth, 10 million would still be a ton of money even if there were a cap in place. The majority of people would still never come anywhere near it.
O'Bamma said he wants to tax rich peolpe more. Then he defines $250,000.00 yearly income as rich. Then he says he wants to tax your medical benefits that you work hard for to receive. O'Bamma does not care how many poor people he has to step on to create his utopean society. I hope you like this Fascist country you want to create. Never in the history of the United States has it been so easy to enslave the public.
MovingTarget
Diamond Member
- Jun 22, 2003
- 9,002
- 115
- 106
A concrete limit is a bad idea. Not only because of inflation, but because people will always need an incentive to produce more - even the rich. However, I do agree that higher tax rates are a plus for those situations. It helps to have a more equitable distribution of wealth in a democratic society, but does not remove the incentive to produce more. Besides, as poverty begets poverty, wealth begets wealth. It is far easier to make a million dollars more per year when you already have a million dollars in the bank. It builds upon itself. Higher tax brackets at the top don't hurt as much as people seem to piss and moan about...
It all relates to diminishing marginal utility. The more money you have, the less impact additional money has on your lifestyle, happiness, etc.
Some would transfer wealth out of this country, some would set up charitable funds and give all their money there then use those charitable organizations to pay salaries to their family members while appearing generous and still keeping control of the money, etc. Social investment is always just going to be the by-product of wealth preservation for someone b/c greed is so fundamental in human nature.
AreaCode707
Lifer
- Sep 21, 2001
- 18,447
- 133
- 106
Not by a long stretch of the imagination-
I have not proposed the abolition of private holdings or titles, but certainly the idea would shut down excessive and extreme wealth to control society by tool laws, legislation and duopolize democracy. Think about being a tenmill man, to make such wealth you train yourself to be disciplined and ration, do think such people can just walk away from such a way of life and sit on a beach for the rest of it? Maybe some would flea off to Monaco, sure, I would think those are the types that are not actually produce the things that benefit a culture, but actual retard and limit production, innovation and aspiration to their own personal benefit- using supply and demand as a weapon of exploitation.
What I am dreaming of is a system which includes the aspects of different ideologies to make a conglomerate system which is the most culturally and socially beneficial to the democracy(majority rules).
I believe it would eventually spawn into a type of noocracy!
And the suggestion of freedom for one individual over the rest is absurd and Ironic, in a objective rational.
Currently the only freedom in the current system is free-speech, but the limitation of it is very few can hear what you will say, because the mega-wealthy control everything radio, newspapers, tv and politics. The Internet is a boon for breaking out of those shackles and the more people who learn how to use Ctrl + the better, to much Ctrl, Alt, Delete is a bad thing.
Yes, burn is a good word for it, in a world of limited natural resources.
I am not proposing a earnings limit, just a limit to personal ownership- maybe 10,000,000 isn't enough, how much do think would be reasonable?
I am talking "individual wealth" so after you made your ten million, you could give it to your mother your brother or even your wife! or your son who would buy a gt mustang and probably rap it around a pole!
Yes, and let's not do anything to curb them?
LOL! Why would anyone need 10 million dollars in net worth?
90% of the world survives on about $1,000 of net worth, more or less.
Americans are totally whacked, and hopelessly greedy.
-Robert
Cogman
Lifer
- Sep 19, 2000
- 10,286
- 147
- 106
lol, And all animals survive without a monetary system! Humans are so whacked, I mean, trading goods for services, they are so lazy!
Having individuals aspiring for more money and wealth is generally good for society. By telling them "Hey, this is the limit" You are essentially saying "Hey, you can be useful to society up to this point.".
I don't ever expect to make 10mil in my life, and yet I would total oppose an idea like this. Especially since the limit will basically mean that all the rest of the money an individual earns will go to the big sink hole that is our government. Individuals manage their money much better then the government has/will.
theeedude
Lifer
- Feb 5, 2006
- 35,787
- 6,198
- 126
I think with progressive enough income taxes and high enough estate "death" taxes, we can address wealth concentration and prevent an aristocracy from emerging without resorting to a hard and fast dollar limit which would remove any incentive for people to continue to be economically productive beyond the point where they accumulate up to the limit.
When will people start to see that this doesn't have to be a sided coin, I said cap on personal wealth holdings not income!
So if you make the ten mil you could then use your excess to give away, not just as government revenue, you could set up a non-profit enterprise like say a manufacturing cooperative or a meals, education or housing service or environment repair etc.
My dream would be to create a self-servicing society with a small efficient and ethical governmental structure, taking the raw power away from corporate market strangleholds created by the collusion of big business and big government. Making more of a local regional sustainable and self-reliant culture, going on the ethos of you don't shit in your own nest!
So when you become chronically ill, you tranfer the bulk of you wealth to the person/s whom you would of left it to anyway, sell your house to them for a $1 and rent it back for $50,000/week!
You already have an aristocratic fascism, go to Monaco in the summertime and see them for yourself, the majority of the really big players are American citizens, they play tennis on the deck of a 500ft yacht moored in the harbor.
If your transfer the structure of power back over to government you have changed little in reality. You talk about the mega-rich like they are the only capable people around, if they roll over someone else or maybe a cooperative of people, who are currently being suppressed by those people and their power, will fill that void with vitality and fresh idea's, progression.
But let's cling to the "devil you know" he's a good devil- generally!
Yes... the rich would simply choose to enrich themselves in another venue... then say goodbye to all the tax receipts for those people...
Like it hasn't already, grand caymans ring a bell?
Family trusts?
What about illicit drugs now?
And lets not even look at the corporate entities!
Yes' and say hello to a broader tax base and less need of government services-
A well off doctor might do a freebie here and there, like it's a bad thing!
I might help show my neighbor how to fix their leaking roof, for a beer of course!
People might have some time to give something back, so if your an anti-social, loner type it would be harder for you to get ahead of the pack. Like Paris Hilton who just bought a restaurant just to sack the staff that didn't want to play the "lick my rich boots" game! (stiletto boot I would imagine)
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