Don't take this personally, but I'm finding this discussion of wealth realocation more than a little bit disgusting.
Last week, one of my favorite economists wrote
an article on the bite the leviathan state takes from us all. The politics of jealousy play into the hand of state power, and help no one.
Quote:
a short excerpt
The other day, a young economist named Mark Brandly did some speculative calculations on some possible unseen effects. He points out that from 1959 to 2005, the real GDP increased an average of 3.37% annually. Let's say that America's massive tax, regulatory, welfare, and warfare state decreased real economic growth by 1% per year - a very conservative estimate. GDP would be 55% higher than it is.
Even if we look at it statically, the median family income would be $68,000 instead of the $44,000 it is today. And if we eliminate the tax bite that takes 35% of income, the real increase would be much higher. What might have been done with that money? How much investment? How much savings? How much in wealth passed from generation to generation? We are talking about incredible amounts of lost wealth - losses in prosperity that we will never see.
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It's clear, to me at least, that America needs a drastic change, and rearranging the deck chairs on the SS Sociatanic ain't going to help anything. Your proposals are more of the same tripe that's been foisted upon us for more than 74 years.
All of it needs to go.