Tax the rich (Your 401k) at 50% to give $500-a-month free cash and fix income inequality

originally posted by: Dfairlite
a reply to: Xenogears

So basically you want a communist utopia. Complete with eugenics and a permanent underclass? Interesting.

If you reduce the population over time, eventually everyone can live in high class off of investments from the automated labor.

originally posted by: subfab
a reply to: infolurker

what never seems to be addressed is personal accountability.
there is no situation where you can not work your way to a comfortable life. not everyone will be millionaires. i know i will never be one. but i can work, save, and through fiscal conservative planning have a nice life.

giving money to people is not a reasonable answer.

It depends on your age and expected lifespan. A few decades of compound growth in the stock market and you get 30-40x multiplication of initial investment, even quite a minor investment becomes a significant fortune given time.