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Mon Sep 14, 2015, 10:16 AM

Wealth redistribution needs a new name - Responsible Wealth maybe?

Wealth redistribution sounds like we take money from the Walton family and send everyone a check for $1.58. In fact, wealth redistribution means taking the cap off Social Security contributions to keep the fund solvent forever. It means raising Social Security benefits with inflation to support the elderly. It means decent retirement ages with decent benefits. It means investment in infrastructure and education. It means that the minimum wage is a living wage.

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Arrow 6 replies Author Time Post
Reply Wealth redistribution needs a new name - Responsible Wealth maybe? (Original post)
hedgehog Sep 2015 OP
Hortensis Sep 2015 #1
Starry Messenger Sep 2015 #2
Erich Bloodaxe BSN Sep 2015 #3
Betty Karlson Sep 2015 #4
Capt. Obvious Sep 2015 #5
OneGrassRoot Sep 2015 #6

Response to hedgehog (Original post)

Mon Sep 14, 2015, 10:19 AM

1. New Deal? Fair Deal? Great Society? It's not like we haven't done it before.

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Response to hedgehog (Original post)

Mon Sep 14, 2015, 10:29 AM

2. Taxes? :)

It could catch on.

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Response to hedgehog (Original post)

Mon Sep 14, 2015, 10:34 AM

3. We've always had wealth redistribution. It's just always been flowing up, rather than down. nt

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Response to hedgehog (Original post)

Mon Sep 14, 2015, 10:51 AM

4. Solidarity? n/t

 

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Response to hedgehog (Original post)

Mon Sep 14, 2015, 10:54 AM

5. Let's call it Reagonomics

Let's see Republicans try to fight against something with Reagan in the name.

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Response to hedgehog (Original post)

Mon Sep 14, 2015, 10:59 AM

6. That's actually the name of a network...

http://faireconomy.org/responsible_wealth

Responsible Wealth is a network of business leaders, investors, and inheritors in the richest 5% of wealth and/or income in the U.S. who believe that growing inequality is not in their best interest, nor in the best interest of society.

As beneficiaries of economic policies tilted in their favor, Responsible Wealth members feel a responsibility to join with others in examining and changing the corporate and government policies that are widening the economic gap. As wealthy and upper-income individuals, members speak out in Congress, in the media, and in corporate boardrooms for progressive taxes and greater corporate accountability.

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