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Status:
"“If a thing loves, it is infinite.”"
(set 3 days ago)
Location: Great Britain
27,180 posts, read 13,461,836 times
Reputation: 19493
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Quote:
Originally Posted by Azureth
Wealthy people hogging all the wealth is a HUGE problem, so what if say there was a limit, where they earned say 120K which is MORE than enough to live pretty comfortably, no one really needs anymore than that, and every cent they earned afterwards was taken and invested in schools, education, healthcare etc.? No one on the planet needs huge fancy Yachts, dozens of sports cars, huge mansions etc. etc. all the money greedy wealthy people waste on such garbage would be far better spent on helping poor people, helping sick people and the like.
Then it would limit peoples ambitions, stop entrepreneurship, limit investment and stop makind from progressing as quickly.
What would be the point or incentive of developing a new pharma drug for instance or studying for years on end, or to invent something or to do basically anything.
The OP needs to read Harrison Bergeron. Kurt Vonnegut warned about this exact same mentality in 1961. It's as if no one has a classical education anymore, or ever learns anything.
Wealthy people hogging all the wealth is a HUGE problem, so what if say there was a limit, where they earned say 120K which is MORE than enough to live pretty comfortably, no one really needs anymore than that, and every cent they earned afterwards was taken and invested in schools, education, healthcare etc.? No one on the planet needs huge fancy Yachts, dozens of sports cars, huge mansions etc. etc. all the money greedy wealthy people waste on such garbage would be far better spent on helping poor people, helping sick people and the like.
I don't think there should be a limit. Wealthy people making lots of money isn't the problem. The problem is the CEO making hundreds of millions of dollars and the workers getting so little they have to go on public assistance. If those workers were making a living wage, with enough left over to put aside for their retirement, I wouldn't care if the CEO was making billions every year.
you people aren't even knowledgeable enough to understand that CEOs make most of their money off stock options and incentives, not W-2 wages. you could pass this silly limit and it would make no difference. same thing with capital gains.
Wealthy people hogging all the wealth is a HUGE problem, so what if say there was a limit, where they earned say 120K which is MORE than enough to live pretty comfortably, no one really needs anymore than that, and every cent they earned afterwards was taken and invested in schools, education, healthcare etc.? No one on the planet needs huge fancy Yachts, dozens of sports cars, huge mansions etc. etc. all the money greedy wealthy people waste on such garbage would be far better spent on helping poor people, helping sick people and the like.
If there was a limit on the amount of income workers could keep from their labor, don't you think people would stop working once they reached that limit? work isn't fun.
Wealthy people hogging all the wealth is a HUGE problem, so what if say there was a limit, where they earned say 120K which is MORE than enough to live pretty comfortably, no one really needs anymore than that, and every cent they earned afterwards was taken and invested in schools, education, healthcare etc.? No one on the planet needs huge fancy Yachts, dozens of sports cars, huge mansions etc. etc. all the money greedy wealthy people waste on such garbage would be far better spent on helping poor people, helping sick people and the like.
Wealth is not a pie with eight defined slices that will feed only eight people. This is one of the most basic errors in thought about money - that people holding onto it prevent others from earning it. It doesn’t work that way at all. The economy and money are not zero-sum games.
How much money a person should have should be defined by one thing and one thing only: how hard is that person willing to work to earn all that he/she can?
how about anyone who has time to post on C-D and who must either get a pension, support of have financial means -- get taxed at 30% of their income because they are wasting time and not being productive to society. And anyone who goes to Starbucks gets taxed 35% because they are too lazy to make their own coffee and spend 10X it's actual cost.
It sounds like the OP should be packing up and moving to Russia.
I live in Mass. and $120,000 a year doesn't exactly make one rich, comfortable maybe but rich, hardly.
All we hear from the Left is how evil the rich are and how they are going to tax them to fund their pet projects such as Elizabeth Warrens latest of using tax money taken from the rich to pay off every ones student loans. i think before that she wanted to tax the rich to pay for every ones child care.
The rich are rich for a reason and they have been smart with their money and they often have started companies that generate income, jobs and taxes. It is the American Dream and the Left wants to crush it. If they tax too much the rich have the option to move and if they are rich enough they can move right out of the country.
What is it with so many on the Left that want to turn America into some type of socialist state?
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