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I've always felt that one of the best ways to decrease extreme income inequality while still working within a market framework is to just create companies that
by natorum_9 8y ago
I've always felt that one of the best ways to decrease extreme income inequality while still working within a market framework is to just create companies that provide more services and products to the rich. Extract wealth from them in exchange for goods, like a trip to space for a cool $300k. This is much more favorable a path than socialism.
- rbanffy 8y agoThis would work better if the profit margins are low and the product is labor intensive.
- natorum_9 8y agoTrue, but anything you do to unlock wealth from the super rich - who tend to hoard it - and transfer it to less wealthier folks who are much more likely to spend it (they can't afford not to) will improve the health of the broader economy (more money flowing around). Even if companies have high profit margins, they will use that profit to expand production and hire more people (a good thing) or buy more goods (leading to more employment elsewhere).
- the_hoser 8y agoIn this case it would be transferring the money from the rich to the richest.
- rbanffy 8y agoMost scenarios end up like this. By far, the best way is to progressively tax the rich, remove loopholes, create larger trade blocks with unified tax systems (so the rich can't run to avoid taxes) and revert those taxes into services for the whole population.
- the_hoser 8y agoThe reason the wealthy don't spend their money isn't for lack of things to spend their money on.