The
remedy to the over-concentration of wealth and all of the imperial
problems that arise from that is a 90% tax on earnings of more than
1 million dollars annually and more than 50 million dollars in assets.
Society requires people to have capital to start business ventures,
invent and patent items and so forth, yet too much capital allows
people to lever the market and end up buying businesses with capital
that compounds and grows. Today one percent of the people have way
too much wealth in the U.S.A. and control politics via the media and
other means. It is as if the U.S.A. was taken over by Lord Fairfax,
Lord Baltimore and peers.
The
nation needs fresh free enterprise and politics as well as some of
the old establishment in decent scale rather than as a scalar field
that increases conquest and consolidation of national capital. Those
out of work the longest should have tax credits given to employers
for hiring them first. People should not be forced to poverty through networking of unemployment in a Las Vegas style gamed up Wall Street economy.
Networked
capital is comparable to the gravitational field of a large star.
People like stars and they serve a purpose. Yet too large and their
gravitational attraction converts it into a black hole drawing in
every planet and small object within a vast region into its orbit and
event horizon. Too much concentrated capital snuffs independent
political and free enterprise vectors. The Milky Way galaxy has a
vast black hole at the center and the entire system orbits around it.
The galaxy is a good thing yet because stars still remain moderately
free and at a distance. The U.S.A. today is like that galaxy at a
later yet not final stage were the black hole is much larger, the
free planets fewer and more tightly bound in orbit around the black
hole.
With
a 90% tax rate on the most rich and the same rates as at present on
everyone else the nation could go on a more creative and restorative
path. It could pay off the public debt, provide fer high quality
education for all citizens, better health care, restore the health of
the ecosystem and finance new and different, more efficient yet less
displacing transportation and living infrastructure. A fair minimum
income for Americans would be innovated at about 6000 annually. A
very large endowment to finance Eco-green patents and business start
ups would be made to exist.
With
people limited to owning shares in just three corporations the
integrity of corporate development could resume. The military would
continue to have solid financing at a slightly lower level; perhaps
20% off, and citizens would be required to perform 6 months of active
reserve military training and eight years inactive reserve.
Socialism
is wrong because it creates a low ceiling on individual independence
of thought and business. Government should not run any business- free
enterprise does that best and people should be allowed to help
themselves to become rich, yet levering that wealth for further gain
through Wall Street banks and business takeovers disrupts the
integrity of the system. Democracy cannot survive vast concentration
of wealth- it never has. Democracy requires that wealth so great as
to intimidate, buy, corrupt and co-opt the system of political
self-determination through an informed populace cannot be allowed to
upsurge into existence as it has. One has evolved is corporatism- a
political philosophy invented by the Italian Dictator Mussolini and
used by Hitler in the Third Reich. In today’s political environment
corporatism and authoritarian communism are likely to evolve a
working relationship of rule over billions of poor and middle class
subjects without any actual power for self-determination. The sad
thing to me is that perhaps most will be happy with that.
