The Motley Fool Discussion Boards
Politics & Current Events / Political Asylum
|Subject: Re: Viral Video: Extent of US Wealth Inequality||Date: 3/25/2013 8:10 AM|
|Author: HMALETTER||Number: 1867324 of 2146878|
Wanting less inequality is not the same as wanting to "make wealth equal."
To reduce inequality, we could do a number of things such as increasing estate taxes; adding a couplefew higher tax brackets for incomes in the millions; allowing only the first, say, million bucks per employee compensation to be tax-deductible to a company (including all benefits such as deferred compensation and stock options); implementing universal health care such as the French or Swiss systems; reinstating sensible financial regulations like Glass-Steagle.
While I'm wishing, I'd love to get more of those 6% CDs I bought just a few years ago which have all now expired!
I guess with your definition, that would be true.
With your mechanisms cited above, you effectively limit wealth by transferring a larger portion of it to the government. Good job. Now I gather you have a grand plan to redistribute this wealth to the bottom layers?
|Copyright 1996-2017 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|