(03-06-2023, 06:58 AM)The Real Marty Wrote:

(03-06-2023, 03:17 AM)Lucky2Last Wrote: Mikey ain't wrong about this. There is a true income disparity in the US that is widening and needs to be fixed.

I disagree.  I don't see any need to fix it.  I think if a person invents a product or service that we all like and want, and he sells enough of it to become a billionaire, more power to him.  What he or she has done is a benefit to society.  And as I have already shown, we already tax the hell out of these people.  

But aside from that, if it was up to you, how would you fix it?

I have already said what I'd do. I'd tether yearly income to the lowest paid employee of a company (100x), and I'd tether the highest yearly income in America to the median household income (100x). 

I once bought into the unlimited wealth theory, but it's for simpletons. Once people start making obscene amounts of money, they turn it into political capital, essentially robbing us of our power. Either we take away the ability of the elites to impose their will on our society, or we start capping what the highest earners make. 

2 things: Firstly, I don't care about the "they will just move argument." It's stupid. There is no shortage of entrepreneurial and ambitious people who would love to make more than 100X more their peers in this country. We'd be fine. Secondly, I don't think these people should be taxed. It doesn't do any good to give the money to the government. Instead, they only get taxed if they don't redistribute the money. They can give it to people if they want. They can reinvest it in approved public good ventures. They can increase the wages of the people in their company. I don't care what they do with the excess. They just can't keep it. 

That's my solution. The stock market is a different animal that needs to be tamed, also.

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