Let the engine of capitalism generate wealth (as it does so better than any other economic system) … but then make sure that wealth is going to the people who generate it.
If the top is getting more than their fair share, redistribute it through government programs that benefit the workers and their families.
We need to do this nationwide so that tax cheats can’t just run away to a different state… And we need to do it at much higher level that recognizes the reality that no one has ever EARNED a billion dollars. They’ve only stolen it from their workers because of a rigged government and legal system.
And by the way, the rich should be super happy if we able to get this done, because the alternative is that we keep heading down the current path until the working class gets so poor that they can no longer feed their kids… and at that point, history tells us, the guillotines come out.
Take a look at why communism failed: When resources are distributed by a central authority, it doesn’t matter how well intentioned they are, at best they can only approximate which goods will be valued most by which individual at any given time. People would end up with an abundance of stuff they didn’t want, and a deficit in things they needed.
In a free market, supply and demand are constantly adjusting on an individual level with every transaction. Can’t get flour at the price I want? Fine, I’ll get potatoes. Can’t get flour or potatoes? Maybe a communist government thinks rice would be a good substitute.
But if it’s money in my hand, maybe I know I’ve got some other carbs and starch, and if I can’t get flour or potatoes, my money would best go to medicine or shoelaces… the point is, I’m setting my own priorities, and they aren’t always related or predictable.
Maybe I really want shoe laces, but they aren’t worth $6 to me. Maybe I’d pay 50 cents for them, otherwise, I’d rather use butchers twine, for a fraction of the cost, and just resign myself to retying my shoe.
Capitalism allows people to be nimble and adaptive. Communism was a: you take what you get, and that’s IT.
So people were getting things they didn’t value, and highly valuing things they couldn’t get, and it was just … inefficient.
admit it (discuss.tchncs.de)
I would eat this (slrpnk.net)
Massachusetts passed a millionaire's tax. Now, the revenue is paying for free public school lunches. (www.cbsnews.com)