- Jul 2014
You accomplish the same thing with graduated tax rates, on all income (earned, unearned, inherited) and you shut the loopholes. When things are good, we should be running a surplus. Deficit spending is for wartime and economic disasters.So if we used the democratic model of industry, the responsibility for industrial success would be shared and the reward for everyone would be more equitable, and because of the difference in management, it is highly likely a greater number of families would be functional. But since you all know absolutely about this, we are not going to discuss it and it will never be a possible reality.
That limits the amount of excess wealth that can be accumulated, and provides funding for the things that promote broader distribution of wealth, like education.