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Originally posted by Xtrozero
Originally posted by Jezus
It isn't punishment, it is simply a logistical part of capitalism.
When people have such a massive percentage of the overall income, of course they are going to have to pay a larger percentage of the taxes.
What I find interesting and a big part of the problem is that the lower 60% or so have a flat income of over 20 plus years where the rich doubled. Well that is about right with inflation with 1 million 20 years ago is equal to 2 million today.
Originally posted by mossme89
I bring up this example of Capitalism vs redistribution of wealth (modified version of Socialism) all the time. Think of the MLB vs the NFL. The MLB is majorly Capitalistic. You have a huge budget team like the New York Yankees and small budgets like the Pittsburgh Pirates. The Yankees have won 28 championships in 100 years to a measly 4 by the Pirates. The Yankees are competitive with anyone while the Pirates, quite frankly, stink.
The NFL is more socialist, with revenue redistribution and a maximum spending limit (salary cap). Yet, it's much more competitive than the MLB. The wonderful thing about the NFL is that a small market team like the Green Bay Packers can be great, because of spending limits and redistribution of wealth. Green Bay has a minuscule budget compared to other NFL teams, yet won the super bowl last year because the playing field was leveled for all teams (no pun intended).
I guess my point is that Capitalism works for the privileged, but can quickly get out of hand, with the gap widening between rich and poor. The playing field is not level for all teams. Socialism, or at least the NFL's model of it, levels the playing field. There still might be elite teams, but at least there's equal opportunity (or close to it).edit on 19-10-2011 by mossme89 because: (no reason given)