posted on Jan, 22 2009 @ 06:30 PM
The wealth distribution system, such as it is, is dangerously broken. Severe imbalances of wealth distribution are acknowledged to be socially
destabilizing. In the past, severe imbalances have been localized in their effects due to the limitations of time, geography, distance and technology
that tended to damp out the global economic effects of arrogant misjudgments by the super-wealthy. Historically the usual natural corrective mechanism
has been revolution or conquest, locally disastrous, but merely an annoyance at most to the global economy.
Additionally, the relatively insignificant effects of the concurrent past medical technology limited the effects of super-wealth upon differences in
longevity between the rich and poor. Prior to antibiotics, gene therapy, transplants, etc., super-wealth could do little more than buy a more
comfortable death. In the twenty-first century, however, allowing massive wealth imbalances to continue to grow will have vastly more significant
effects: a much longer-lived ruling class will eventually, inevitably, emerge with foreseeable and grim consequences: a medically deprived lower class
with lifespans one quarter to one-third less than the superwealthy. In three generations of such disparity a permanent short-lived underclass will
emerge, even without any corporate class intent or unscrupulous genetic manipulation, slaves in practice if not in name. Modern technology and
globalization have negated prior limitations that kept economic disasters local, amplifying the disastrous consequences of the hubris generated by
excessive wealth chasing to global proportions. As we have recently seen, what had been a local fiscal wildfire becomes a global economic firestorm.
What is required is a wealth limit to curtail addictive wealth-building. Where in the Constitution is the article that guarantees an American citizen
the right to unlimited wealth? Every American lives in a world of limits: speed limits, catch limits, smoking limits, drinking limits, choice limits,
and salary caps, to name but a few, and all these limitations are in accordance with the law. Each of those limits measure individual rights to take a
share of the collective resource against the common good and recognize that unlimited taking has negative social consequences. It is time to place and
enforce similar limits upon the amount of wealth Americans can control, for the same reasons we place and enforce speed limits, drinking limits, and
all the others: for our collective safety and national well-being. Set the limit at one billion dollars, adjusting once a decade or so, allowing those
currently over cap four years to draw down their wealth to the limit by allowing them to transfer their excess wealth in an orderly manner,
redirecting their competitive zeal into constructive paths. Allow them to donate up to $50 million taxfree to any nonprofit, nonpolitical organization
while limiting organizations to accepting four gifts total; pay any amount to reduce the national debt; use $100 million to establish a new nonprofit;
gift family and friends up to $10 and $5 million respectively. Such a course would result in a strong vibrant internal economy that would dramatically
transform lives worldwide, and restore some international respect to the United States.