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I have been thinking what is the best way to solve inequality. There are two problems one is wealth creation and other is wealth distribution. - Communism doesn
by ThinkingAgain 6y ago
I have been thinking what is the best way to solve inequality. There are two problems one is wealth creation and other is wealth distribution.
- Communism doesn't do a good job of wealth creation.
- Capitalism doesn't do a good job of wealth distribution and causes inequality.
-Increasing the taxes, only gives money to the government and my impression is they are not efficient in using money so overall the wealth of the society doesn't increase.
If we limit how much a rich person can hold in large companies as stock, will it force the rich people to invest in small companies? Now we will have a mechanism of spreading the wealth by the rich person who knows how to use money efficiently. However the rich person will still become richer, not sure yet how to solve it completely. Maybe inheritance law should be changed so that once the person dies all his wealth goes to the employees in some fashion.