posted on Feb, 19 2020 @ 12:55 PM
a reply to: idiotseverywhere
To me a wealth cap is a bit of a bad move, that said I do believe the rich should (and they do not) bear there fair share of the tax burden based on
what percentage of an economy's wealth they actually control.
But capping personal wealth while a good idea to prevent political control and bought government's will simply not work and the reason is that it
will stop the entrepreneurial spirit dead, not every rich person is a scum bag many of them are good folk's that actually care and other's are just
out of touch so punishing them unnecessarily is also an unjustified move.
In the past states have mulled this issue for reasons of filling there waning coffers but all - except communism (and the NAZI's though they targeted
minority group's such as the Jew's) realized the error of enacting such a policy.
My personal opinion is that a WAGE cap should exist for director's and also a Bonus cap but owners and share holders should not be subject to this,
also a minimum LIVING wage system is essential to both allow people to work less hour's and actually LIVE and to boost the economy because if a rich
person is holding all that money in bank's and hedge fund's then it is not being invested back into the economy now is it WHILE a working man who
work's 39 hours a week, takes home enough to feed his family and keep them in a comfortable state of luxury will spend, so will his kid's and wife and
all that spending goes INTO the economy were the money is and was supposed to be all along.
In England we have a FALSE economy, most of the money is sitting in the city of London's financial institution's while the real economic value of the
rest of the country is then falsely represented, we have a growing problem of increasing disparity between the wealthy and the elite which is not
helped one bit by a generation of school teachers that are lying to kid's and calling OUR moderate socialism of the past a failure when in fact it was
not a failure at all.
Come the Tory's, come the sell off's of state asset's, if the state in Britain still ran a national water board drainage ditches would still be in
place, water management would still be top spec and the flood's that have crippled so many parts of our country recently would NOT have happened or
not to the damaging degree that they have and proper flood defenses, excess water drainage channels and flood prevention weirs as well as pumping
stations would still be in place.
The key here is MODERATE, you have to strike a balance between social justice, keeping up your population's living standards, abolishing class divide
in a gently manner and free economic's, so a MODERATE social democracy with a regulated but mostly free economic model is essential - but not what the
elite want and never will want while they play Nero as there own Rome burn's around them.