General Discussion
In reply to the discussion: In your opinion do Wall Street and the Investment Banks serve a societal purpose? [View all]hunter
(38,311 posts)I understand our current economic system very well, thank you, and I abhor it.
What our economists today call "productivity" and "profit" is directly proportional to the damage we are doing to both earth's natural environment and the human spirit.
Large transfers of money should only occur with a focus on potential benefits for ALL PEOPLE and then only to projects that are sustainable and improve the overall environment for our own descendants, and the descendants of the other sentient life forms we share this planet with.
I've got no problem with private property or private investment, but I do think taxes ought to be steeply progressive on both income and wealth, such that it's impossible for an uber-wealthy class of people to arise; a class of people capable of buying and otherwise corrupting democratically elected government.