Quote:
Originally Posted by Lune
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What do you do about the natural concentration of wealth over time, if there are no means for redistribution? In a capitalist system, the more wealth you have, the better your ability to capture a greater share of all current and newly generated wealth (When a capitalist acquires an asset his ability to acquire more assets increases). For example, Paris Hilton inherits $500 million. All Paris Hilton has to do is hire brilliant minds to manage her wealth and investments. Her chance of losing money to market forces is far smaller than her chance of making money off purchasing profitable businesses and properties, or making safe investments. This requires no labor on her behalf, it is purely her money making money.
Progressive taxation is the only force that acts against this and prevents a small number of people from eventually owning virtually all of society. (The lack of which also being a major contributor to why things have been in the shitter since Reagan)
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I don't expect such short-sightedness from you lune... progressive taxation and the redistribution in the form of here take this we will take care of you is exactly what keeps the richer getting richer and the poor get just enough to vote for who gives it to them...
Until we deal with the hidden taxes caused by our now fiat currency and central bank the wealth gap will continue to at least stay the same and this progressive theft and choosing who doesn't get to climb the economic ladder of their own volition and on their own merit also creates a sense of entitlement that does not meld with the tenets of liberty.
While all of this is going on there is massive Social-Engineering in every area imaginable, to what end are we really being lead?