Sally,

Interesting story on that website. I can see that happening again quite soon!

The more a government is able to tax the rich the more powerful it becomes. And power can be far worse than wealth in its effects. The three most powerful men in recent history who were each responsible for killing millions of lives (that is, their own civilians in addition to killing others in warfare) had less personal wealth than you or me. It didn't interest Hitler, Stalin or Mao Zedong one little bit that they had no wealth, so long as they had power.

The very poorest spend all their wealth on food. The wealth is gone forever. The very richest disperse their wealth in a variety of ways and it lives on -- taxes (to a degree, often willingly), to craftsmen and servants, the arts (all the art collections of the world are initially owed to the rich), scientific research (a very great deal of the medical research in America -- if not most of it -- is funded by private foundations), investment in innovation which produces employment, bequests of land and property to the public (increasingly of areas of outstanding ecology), etc.

The only one intolerable expenditure of the rich is that they are able to buy far superior child care and education for their children and thus privileged entry into adult livelihoods and opportunities. The rich are able to corrupt politicians and civil servants into a legal situation where their children can have an entirely different upbringing from those of the masses who are generally dumbed down so much by poor nursery and school care that only a few children are able to break through into the elite.

Long before modern nation-state governments got into health and welfare and many other functions, they made sure that they were in control of conditioning the minds of children so as to keep the masses obedient and subservient. Fortunately, science is now giving us clear guidance as to optimum child care and education and also, fortunately, there are signs that schools run by the non-rich are now being able to peel away from governmental schools.

Keith

At 20:01 15/08/2011, you wrote:
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Keith Hudson, Saltford, England http://allisstatus.wordpress.com/2011/08/
   
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