posted on Oct, 31 2008 @ 03:35 PM
I haven't read the replies, so apologies if I repeat things here.
Should we cap personal wealth? Yes, it would be an awesome thing to do, if done right. As with anything, it can of course be done wrong and hurt
people, which is what left wing authoritarism is all about, a fraudulent redistribution of wealth. But it can also be done right and liberate us from
elitist sociopathic powermongering, which is the engine behind most of the world's conflicts. And it has the added advantage of being a peacefull
solution that would benefit millions and not harm anyone. So a trillionaire is only left with a billion bucks. Oh the poor baby... The risk is in the
honesty of the people heading the process and in the transparency of the circulation of money.
The same needs to be done with corporations though, and these have to be taken from authoritarian structures to more democratic structure, with the
necessery alterations to their internal compensation mechanisms. People in a corporation should have a skill level and a pay bracket, but that bracket
needs to be a fraction of profits, not a set wage. If the company underperforms everyone hurts, if it performs well everyone benefits. Not just silly
bonuses, which are higher the higher up you go, but actual proportional distribution of wealth, so that even the janitor has a rewarding job. This is
the economics of generosity, and of course it will be a shock to many of the readers here, brainwashed into the economics of selfishness. And no,
it's not communism. You can still have a free market. If anything, without elitist powermongering, you will have a free-er market...
I'd say cap personal wealth around a billion. Any income above that falls into a flat 100% tax for the state coffers. Any income below that simply
isn't taxed. Any income or lack of income below subsistance level (rent and food money) is supplemented by social security.
Listen folks, you have to realise by now that there is not enough work to go around, that's the beauty of technology, we don't have to be slaves. It
will not hurt anyone, in a fair system, to have people not working. The only reason people complain about it because people are doing jobs they don't
like for longer hours than they need to, to pay goods that are overpriced. But it dosen't have to be that way. Capping wealth at the very top of the
social pyramid would help us all. And the minute number of people hurt with this would still be the wealthiest cats around. They just wouldn't be
able to fund both sides of a world war anymore.
Cap it high, but yes, cap wealth, both corporate and personal. Decentralize the economy so people can get control of their own lives back from the
elitist cabal currently running this joint.
And if people doubt this would work, well, we have supercomputers on our desktops these days, try mathmatically modelling it. If done this way,
globalism would be a near utopia, but as it's going now it seems we are heading to financial serfdom.
[edit on 31-10-2008 by Zepherian]