04-04-2013, 03:34 PM
Ted King wrote: ...income is being redistributed from the wealthy to the less wealthy through taxation... ...Then I went on to argue that taxation and redistribution through government programs is not the most socially responsible way to do that redistribution. I'm just not sure the best way to reduce the disproportionate wealth/income that would go to those who don't merit it before the income flows to them.
Taxation and redistribution is a blunt tool to be sure, but I don't know what else there is. If you come up with a different scheme then I'm sure that the plutocrats will find a way around it because they in large part control the lawmakers and they (except for a few Warren Buffett types) certainly want to maintain the status quo. The fact is, most of those that are wealthy got that way in large part because the system has been constructed (by the plutocrats before them) to benefit them at the expense of the lower classes. The playing field is not level and the system is slanted far towards enriching those who already have money.