Request: Please share with others. I, for example, can no longer share on Facebook, having been locked out of my account.
(no weekend videos post this weekend – I had no time for it; instead a little write of an important thought)
The option to think about is not merely having the ultra-rich “pay their fair share” in taxes by raising the marginal tax rate to a measly 70% or such while letting them continue to be an elevated ruling class – much like the medieval aristocrats – based on hoarded wealth. Rather we need to think about using taxes to peacefully (no guns or guillotines) dethrone the rich ruling class by simply placing a cap on wealth and income inequality. It’s just like rules in a sports game. Each football and baseball field has limits, a border, an outer line the players can’t cross to seek paths to victory elsewhere. A boxing ring has it’s border the boxers can’t cross. When they do, they lose.
That’s the principle we must apply to our steep economic pyramid that forms a dung heap society of enormous precariousness, anxiety, poverty, excessive hoarded wealth, and widespread suffering. Our current pyramid actually has standing on top of it a thin spire of the super-rich which goes miles high into sky while far below them there is a very broad base of countless people who are condemned to have more debt than assets, a negative net value, and be stuck in a poverty trap created by this system.
When someone manages to lift themselves up “by their bootstraps” it just means someone else sinks down into the poor base as long as the shape of this pyramid stays the same. We need to flatten it, lowering the top and elevating the bottom (with means like universal basic income and gradual transfer of corporate stocks into public funds (Universal Basic Dividend) securing us all from poverty), just like a sports field is properly shaped, so that there are no lords and serfs; so that people can play with merit pay and compete as they please if they want (or not if it doesn’t please them), while living in a calm, safe, and stable system that gives us a Good Life for All.
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Beanstock's World 