General Discussion
Showing Original Post only (View all)No one in the world should have a net worth of a billion dollars. No one. [View all]
Nowhere even close to that. Just think how much the standard of living for the 99% could be raised if the wealthiest part of the 1% were cut down to size.
Every country in the world -- even Pitcairn Island, population 48 -- should do something along the lines of passing a wealth tax of 90% (85% ? 70% ... whatever will work) over a certain amount and then distribute the proceeds equally to everyone in the country -- even to the wealthiest. Then do the same thing again in, say, one, three, or five years. If it were done every year, it shouldnt be very long before everyone was nearly equal.
Maybe after intra-country wealth inequalities were mitigated, inter-country inequalities could be tackled as well. By the United Nations?
To me, thats whats meant by equality. Anything less than taking steps to achieve economic equality throughout the world is just paying lip service to equality. After all, were all human beings living on planet Earth. Arent we supposed to love our neighbors? On this tiny planet, everyone is my neighbor. If I had more to share, I would. But I barely get by on my fixed retirement income.
(All right, maybe this particular idea wont work or isnt the best one, but surely theres someone out there smart enough to figure out a scheme that will work better to improve the lot of the poor. We simply cant continue on the path were on. If we do, everyone will eventually be at everyones throat, sort of like -- what was it? Lord of the Flies?)