Countries like Sweden which taxed their wealthy heavily, but allowed for
display of wealth, propered, even though the very wealthy left for lower
taxed regimes. Countries which imposed equality, like the Soviet Union, did
not. There must be a way to reward high achievers in ways other than money,
although material benefits don't hurt. The advantage of monetary rewards,
of course, is that the recipient can express the reward in any way s/he
wants, whereas other rewards depend on the taste or interest of the
bestower. We need some creativity here, as well as a new god. (some might
say the old one was perfectly good before He/Her/It was usurped by the
false Marketplace god)
David Burman
>So now we come to crux of my inquiry. How can we allow the most talented,
the most acquisitive, the most creative, the most entrepreneurial, to be
motivated to their maximum ability? I believe the answer is to pick some
number as a dollar ceiling for wealth accumulation that far exceeds what a
person can "use" in terms of goods and services. Let me pick the number
that came to my mind as a response to that inquiry. It is 50 million
dollars of wealth. I define wealth as the market valuation of any good or
service or property or money that a person has command of and has a monetary
value. So a person, i.e. family could own a 5 million dollar house, a 10
million dollar boat, a thirty million dollar airplane, five million in cash
and other possessions as his personal wealth and surely, 99.95% of us would
agree that is sufficient for anyone - no matter what their achievements.
What then happens to the excessive wealth, that amount over 50 million
dollars? It would be remitted to the state for redistribution through a
Basic Income.
