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> The latter doesn't follow the former. In fact, consolidation of wealth is a hindrance to volume of activity outside the bounds of the owner of that wealth's i
by DuskStar 7y ago
> The latter doesn't follow the former. In fact, consolidation of wealth is a hindrance to volume of activity outside the bounds of the owner of that wealth's interests. Case-in-point: Wal-Mart has done gangbuster business over the last half century. They've grown our economy. Almost every community its touched has been devastated by this, from the destruction of other businesses within its purview; to the flooding of the market with cheap goods that - in many cases - do nothing for society in their cheapness, and which actually create issues of overconsumption and waste; to the negative effects their influence has had on the shape of welfare. It's not about what Wal-Mart does; its very existence at its size is destructive. The only positive thing it did was grow the overall economy, which is like celebrating a tumor growing your overall lean mass.
I would highly disagree there. The ills you describe aren't caused by Wal-Mart being big, they're from the business model itself. 100 independent companies spread across the country would be similar.
> The over-aggregation of wealth is the problem. A wealth tax is the direct solution (it does not have to be permanent or perennial). Wealth flight is a fantasy, and for anyone who tries, the federal government has access to the resources necessary to make sure everyone pays their fair share.
Because I certainly trust the US government not to come back to the money spigot after using a wealth tax the first time. Not.
As for wealth flight - dafqu you mean it's a fantasy? Does "facebook exec renounces citizenship to avoid capital gains tax" not ring any bells?
- toomuchtodo 7y agoRE wealth flight, renouncing your citizenship comes with an exit tax. You can leave, but you'll have to pay up.