It's important to draw a line of distinction between "creation of wealth" and "accumulation of wealth".
If the income is not spent, but put in banks or government bonds, no tax should be levied on it. Banks can lend that money to government who can use the money for infrastructure development. Only if the income is spent on something, taxes should be levied on it. It should be "progressive consumption tax" and not "progressive income tax". You must punish 'spending of wealth'. You must reward 'creation of wealth'. You must also give incentives for people to put their money in banks, IOW save money. > --- Bhairitu <noozguru@...> wrote : The original intent of the founding fathers was a mix of capitalism and socialism. There are just some things that need to be in the commons and the Internet is now a new one that belongs there. It is the role of government to maintain the commons and leaving it open for everyone. It is the role of the people to keep government reigned in and out of the clutches of special interests. We also don't need "landed gentry" which the founding fathers were against. Look at these pompous ass "capitalists" like Donald Sterling, Tom Perkins and the Koch brothers. Use progressive taxes to discourage absurd accumulation of wealth. When Tito ran Yugoslavia the citizens got a month vacation and free health care. It was a prosperous society and a mix of socialism and free enterprise. As soon as Tito died the globalists stepped in led by the US to destroy the country. When I visited India the most prosperous state was Kerala which has a mix of socialism and free enterprise. > > On 04/30/2014 04:41 AM, jedi_spock@... mailto:jedi_spock@... wrote: Agreed that greed kills. Sustainable development can be done if taxes are based on 'consumption of resources' and not income. Salaries and wages paid to employees should not be treated as consumption, but as general expenses (created wealth). The salaries and wage differentials across hierarchy in corporations can be flattened and narrowed down by strict regulations. What's stopping them from doing that? It's not enough, if you just give state-funding to political parties. The system should be transparent. Any system that is opaque becomes a ground for corruption. Darkness covers a multitude of sins. Shine the light and the system will cleanse itself. > > > --- Bhairitu <noozguru@...> mailto:noozguru@... wrote : > > > You're confusing capitalism with free enterprise. Capitalism itself > > > generates entropy and chaos. Just look at what it has done to this > > > country now. You really want to live in a country of poor people? Some > > > correction needs to be done to reign in the oligarchs and plutocrats. > > > Greed kills. > > > > On 04/29/2014 06:02 AM, jedi_spock@... mailto:jedi_spock@... wrote: Capitalism is the only system that can incentivize and motivate people. Again, only capitalism drives innovation and creativity, enables people to adapt to the everchanging conditions. It also generates wealth. By failing to emphasize incentives, socialism is a theory inconsistent with human nature and is therefore doomed to fail. Socialism is based on the theory that incentives don't matter! "Socialism is a philosophy of failure, the creed of ignorance, and gospel of envy, its inherent virtue is the equal sharing of misery"...~ Winston Churchill Nature is balanced between 'meritocracy and egalitarianism.' Nature is balanced between the 'individual and collective.' Nature is balanced between 'competition and cooperation.' Nature is balanced between 'chaos and order.' Nature is balanced between 'determinism and randomness.' It's important to understand the paradoxes in nature. Cooperation is the other side of Competition. Both are two sides of the same Darwinian coin. Single cell organisms cooperated to evolve into multi-cellular organisms. On contrary to popular thinking, microbes are extremely social creatures. The constantly communicate with each other with chemical signals. Completely unrelated bacteria come together and work together on variety of things, like decomposing organic matter, breaking down food in human gut, etc etc. Lateral gene tranfer is common among microbes. Completely unrelated bacteria exchange genetic material to make themselves more resilent to harsh environments. > > > > > --- Sparaig <LEnglish5@...> mailto:LEnglish5@... wrote : > > > > >The problem with Bernie Sanders (and I respect him highly) is that he > > > > >is a "Socialist" in both name and attitude. If you want the Right > > > > >Wing to come out in droves in the next election, put a self-described > > > > >Socialist (note capital-S) on the Democratic ticket. > > > > > > > > > > http://query.nytimes.com/gst/fullpage.html?res=9804E2DB1030F932A15752C0A9619C8B63&pagewanted=all > > > > > > > > > > http://query.nytimes.com/gst/fullpage.html?res=9804E2DB1030F932A15752C0A9619C8B63&pagewanted=all > > > > > L > > > > > > --- Bhairitu <noozguru@...> mailto:noozguru@... wrote : > > > > > > Biden and Clinton are establishment candidates. Nothing will > > > > > > change if elected. There is a move to get Sanders to change from > > > > > > Independent to Democrat since he has said he is willing to run. > > > > > > Of course if he did get as far as the WH the first day there would > > > > > > be a "come to Jesus" session with him. I'm very cynical about > > > > > > this country because it has run it's course with capitalism which > > > > > > has been exploited to the point absurdity. We now live in a > > > > > > plutocracy. > > > > > > Do Presidents make any difference? They're mainly just car > > > > > > salesmen for the same corporate elite. How about a Bernie Sanders > > > > > > and Elizabeth Warren ticket? That might actually sell well to the > > > > > > millennials who you have to consider.
