That would work for a year or two, until you had egalitarianized the money so everybody had the same amount. Then what? And what would be the effect of that?
I may have come off overly negative toward capitalism because I posted early in the morning, but my general point was that it’s the only economic engine that works.
It sort of breaks down when it’s not regulated though, which is why I think we’re seeing so many issues tied to financial inequality in the world today.
I don’t think the solution is for everyone to have the exact same amount of money, but I struggle with how you can look at the current state of the world and think that it’s great. We need to help poor people get better opportunities, without ruining the systems we have for everyone else. I mean, history has shown us again and again what happens if we don’t.
> That would work for a year or two, until you had egalitarianized the money so everybody had the same amount. Then what? And what would be the effect of that?
The only way to tax wealthy people is to remove all differences in wealth??