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In reply to the discussion: So really ... what is wrong with redistributing wealth? [View all]PowerToThePeople
(9,610 posts)9. My thoughts
100% inheritance tax. Stop the generational oligarchy. Libertarians should even be able to get on board, as it truly makes people earn their own way. I am not sure how we would deal with the wealth while the robber-baron was still alive. Possibly 100% funding of basic needs and education through college level.
Also, Corporations should be dissolved after 100 years (the effective lifespan of the founders)
What I would also like to see are more employee owned corps, where dividends go to the workers, not some fat oligarch sitting in his 100mil$ NYC penthouse who has never worked a day in their life.
Well, what I really want is capitalism to die and replaced by socialism, but that is likely a more log term thing.
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but doesnt that just lower the price of the dollar making it harder to purchace things when we print
awwwsheet
Sep 2012
#21
What about the $2 trillion dollars taken out of circulation by big businesses...
kentuck
Sep 2012
#26
pay a fair tax on money you hold in your posession that you have already paid taxes on?
awwwsheet
Sep 2012
#41
In Arkansas you've got to pay property tax on a car you already own and that is rusting away...
HereSince1628
Sep 2012
#87
Not necessarily. The crash took $2 trillion per year out of circulation in the economy.
CJCRANE
Sep 2012
#30
Funding two wars by borrowing mostly from the Chinese is what got us in this mess
HereSince1628
Sep 2012
#81
This is an ethical question, depends on how you feel about your fellow human beings.
Avalux
Sep 2012
#7
Going by your INITIAL logic the government will NEVER go after the non wealthy...this statement
uponit7771
Sep 2012
#83
right but those people are only taking money from their relative who left it for them.
awwwsheet
Sep 2012
#32
And the people who who have a bunch of it don't want to share it at all. n/t
porphyrian
Sep 2012
#90
Nothing, It's actually very beneficial to the wealthy to redistribute wealth through taxes -
haele
Sep 2012
#40
We redistribute wealth in the extreme, but most of it goes *TO* people like Romney.
Marr
Sep 2012
#57
If there aren't enough jobs to go around, giving people money is a moral imperative!
reformist2
Sep 2012
#60
Most of them are NOT in the 1%, that's how bad the knowledge of income in the US is....
uponit7771
Sep 2012
#84
Nothing, an economy exists to distribute resource. If there is no movement then the economy fails.
TheKentuckian
Sep 2012
#92
Well ideally I'd like to see capitalism itself abolished, but in the short term...
white_wolf
Sep 2012
#93
So the government would confiscate anyones money that has liquid over 1 million ?
former-republican
Sep 2012
#96