Saturday, June 21, 2014

The Redistribution Of Wealth.

       For a goodly number of years, we've been fighting about redistribution instead of  plain old distribution. In America that argument has pitted progressives against conservatives. Progressives complain that the wealthy elite in this country have been getting, by far, the largest piece of the pie and it's time to take some back and give it to those who have been left behind. In the meantime, conservatives have moaned that taking away wealth from those who have earned it will stunt growth because they're the job creators.
       Actually neither approach is completely wrong, but neither approach is completely correct. There's a little truth in the liturgy of both political theologies. Which makes both just ever so slightly dangerous. In order to make a real difference, progressives would have to take substantial wealth from the 1%. In fact, so much that it would likely drive many to leave the country, where their wealth would be out of reach of our government.
       But what if we decided to change course and stop asking for redistribution of wealth. If they've earned it then let em keep it. But let's stop allowing the wealthy to continue to reap astronomical incomes in the future. Let's demand that employees make a much larger share of the profits. So you may think that would simply push more companies to go more mechanized, more robotics. and you'd be right, but that wouldn't change the trend. That's happening anyway. But that would only mean that the fewer employees would make even more. As it is now, the biggest share of profits go to the top, but in this plan, the biggest share would have to go to the bottom. Think of it as a pyramid where you need to strengthen the base to support the structure
       So, what happens to those who would still be left behind? In our current economic plan, the majority of citizens are left behind. In this plan fewer, but still many would be left behind. The difference is that in this new plan, even with our current tax atmosphere, more people would be paying higher taxes and that increased tax revenue would have to be targeted to aid the poor.
       It would mean lower income for the wealthy, but it wouldn't touch what they already have. And it wouldn't change their current tax structure. I'm just saying.

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