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The problem of disparity of wealth is one that has been studied thru the ages.
Plato looked at the issue and concluded that a wealthy man should make no more than 6X what a simple working man earned.
To understand this problem we need to break it down to it’s root causes and effects.
The first thing we need to understand is that there are people in this world to which money, and the power money represents, is an addiction.
Money addiction is every bit as intense as heroin or gambling, and as it’s counterparts, addicts will lie, cheat, steal, and murder to obtain it.
They can never be satisfied, and never have enough.
As their wealth increases, they are able to purchase political favors, to have legislation created or eliminated through lobbying. They are able to affect tax laws, and hire lawyers to find ways to exempt them.
Throughout history, we have seen the results of this greed play out time and time again. We saw it with the ancient Greeks and the Romans, we saw it with the French, Russian, revolutions, we saw it with the Cuban, Iranian, and Spanish revolutions, and today we see it in the revolutions of Egypt, Libya, Bahrain, and Syria.
We now also see the beginnings of revolution throughout Europe and in the US.
The need for justice and fairness is a fundamental human need. It is what makes laws, and rights a necessity for which people everywhere strive.
There is simply no justification for any person to earn 2000X the median wage. No one on earth is worth that.
The tax system needs to be designed to ensure fairness in compensation of all people.
If a company can afford to pay a CEO 50 million, then they are not paying their rank and file who actually earn the companies profits enough. It is just that simple.
While it is impossible to ever expect a company to fairly compensate all employees, taxation is the only available means to stop the ever-increasing greed and injustice.
Alternatively, we can allow things to continue on their present course until like Egypt, Libya, and Greece we see the protests become violent, and the justice come from the street.
The problem of disparity of wealth is one that has been studied thru the ages.
Plato looked at the issue and concluded that a wealthy man should make no more than 6X what a simple working man earned.
To understand this problem we need to break it down to it’s root causes and effects.
The first thing we need to understand is that there are people in this world to which money, and the power money represents, is an addiction.
Money addiction is every bit as intense as heroin or gambling, and as it’s counterparts, addicts will lie, cheat, steal, and murder to obtain it.
They can never be satisfied, and never have enough.
As their wealth increases, they are able to purchase political favors, to have legislation created or eliminated through lobbying. They are able to affect tax laws, and hire lawyers to find ways to exempt them.
Throughout history, we have seen the results of this greed play out time and time again. We saw it with the ancient Greeks and the Romans, we saw it with the French, Russian, revolutions, we saw it with the Cuban, Iranian, and Spanish revolutions, and today we see it in the revolutions of Egypt, Libya, Bahrain, and Syria.
We now also see the beginnings of revolution throughout Europe and in the US.
The need for justice and fairness is a fundamental human need. It is what makes laws, and rights a necessity for which people everywhere strive.
There is simply no justification for any person to earn 2000X the median wage. No one on earth is worth that.
The tax system needs to be designed to ensure fairness in compensation of all people.
If a company can afford to pay a CEO 50 million, then they are not paying their rank and file who actually earn the companies profits enough. It is just that simple.
While it is impossible to ever expect a company to fairly compensate all employees, taxation is the only available means to stop the ever-increasing greed and injustice.
Alternatively, we can allow things to continue on their present course until like Egypt, Libya, and Greece we see the protests become violent, and the justice come from the street.
I KNOW what could 'justify' someone making 200X the median wage...
THEY EARN IT!
How is restricting the worth of someone, or TAKING their possessions "Justice"
As to Plato... he was also known to make pro homosexual statements...
And since I'm past philosophy class... I really don't care what he said.
Underlined portion (Once I'm done laughing) Who's gonna do that?
Has it worked for Socialists ANYWHERE in the world yet!?!
(No, it hasn't)
As to 'THAT' being the cause of 'Everything' as you claim... must be nice to know so much... to know that it wasn't due to other economic issues, social issues, wars, plagues, etc...
Why is it when people complain about how much money the wealthy class makes, they are always talking about CEO's? Why is it that you don't hear OWS protestors complaining about celebrity earnings? Do you know how much A-listers and top athletes make? I am sure the justification of them "earning it" is no different than the CEO's of Fortune 500 companies, who I am sure do not work any harder than the janitors that clean their toilets.
Why is it when people complain about how much money the wealthy class makes, they are always talking about CEO's? Why is it that you don't hear OWS protestors complaining about celebrity earnings? Do you know how much A-listers and top athletes make? I am sure the justification of them "earning it" is no different than the CEO's of Fortune 500 companies, who I am sure do not work any harder than the janitors that clean their toilets.
I'll take a guess. I think it's beacause we are being entertained by the athletes and celebrities, so it feel's like we're at least getting something from them. The only thing most us are getting from the CEOs is a feeing of getting screwed.
1. You will run out of rich people to tax
2. People will figure out how to be compensated in other ways than money.
3. People will not try to earn over 200,000 since none of it will be their money so why make the effort.
1. You will run out of rich people to tax
2. People will figure out how to be compensated in other ways than money.
3. People will not try to earn over 200,000 since none of it will be their money so why make the effort.
None of this happened in the 1960's, please explain why?
i am not bothered by the idea that smart , hard - working people achieve great success.
what bothers me is when smart, hard-working people grow so powerful that they are able to change the rules of the game in their favor, to the detriment of society.
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Confiscating money
