FacebookTwitterGoogle+RedditEmail

Soak The Rich?

It’s started. At least it’s started in our 15 minute attention span society: soak the rich. Without any question wealth inequality has never been greater at any time in industrial or post-industrial history. This is not good and has always led to serious trouble. The problem has been building and bubbling for quite some time. The reaction has been negligible to non-existent. Now relatively suddenly, an anguished outcry has raised its head, initiated not by the downtrodden undesirables but by a doctrinaire wing of the Democratic political party. The football loving and twitter addled public continues its deep sleep.

A coterie of politicians, Ocasio-Cortez, Harris, Sanders, Warren, and others, are on the rhetorical warpath against concentrated wealth. Their weapon, and their only weapon, is a blunderbuss: Taxation. Unfortunately, it’s a cure worse than the illness. It only transfers wealth to a monolithic black hole: government. Taxation is not a cure, it is an unholy nightmare.

The real problem with concentrated wealth is that it should never have happened. Rather than taxation, which is inefficient, imprecise, manipulative, morally questionable and always unequal, a system or philosophy must be developed which never permits massive concentrations of wealth to exist in the first place. Government probably needs a role at the table, but not as a tax leveler steamroller.

Let’s be frank. The point is that Bill Gates doesn’t need 95 billion dollars and Jeff Bezos doesn’t need 160 billion dollars. Whatever contribution they made to the development of their enterprises, it wasn’t that special, and certainly not worth 100,000 times the net worth of the workers who made it all possible anyway. Taxing Bezos and Gates puts the money into the wrong hands. The solution is to develop a mechanism or at least a philosophical consensus, that frowns upon and disables undeserving and undesirable accumulation on the way up. There is something drastically wrong with the current state of capitalism. Taxation will not fix it.

More articles by:

Weekend Edition
February 22, 2019
Friday - Sunday
Timothy M. Gill
Why is the Venezuelan Government Rejecting U.S. Food Supplies?
John Pilger
The War on Venezuela is Built on Lies
Andrew Levine
Ilhan Omar Owes No Apologies, Apologies Are Owed Her
Jeffrey St. Clair
That Magic Feeling: the Strange Mystique of Bernie Sanders
David Rosen
Will Venezuela Crisis Split Democrats?
Nick Pemberton
Donald Trump’s National Emergency Is The Exact Same As Barack Obama’s National Emergency
Paul Street
Buried Alive: The Story of Chicago Police State Racism
Rob Seimetz
Imagined Communities and Omitting Carbon Emissions: Shifting the Discussion On Climate Change
Ramzy Baroud
Russian Mediation: The Critical Messages of the Hamas-Fatah Talks in Moscow
Michael Welton
Dreaming Their Sweet Dreams: a Peace to End Peace
Robert Hunziker
Global Warming’s Monster Awakens
Huma Yasin
Chris Christie Spins a Story, Once Again
Ron Jacobs
Twenty-First Century Indian Wars
Robert Fantina
The U.S. and Venezuela: a Long History of Hostility
Lance Olsen
Climate and Money: a Tale of Two Accounts
Louis Proyect
El Chapo and the Path Taken
Fred Gardner
“She’s Willie Brown’s Protogé!” The Rise of Kamala Harris
Kollibri terre Sonnenblume
Biomass is Not “Green”: an Interview With Josh Schlossberg
John Feffer
Answering Attacks on the Green New Deal
W. T. Whitney
US Racism and Imperialism Fuel Turbulence in Haiti
Kim Ives
How Trump’s Attacks on Venezuela Sparked a Revolution in Haiti
Mike Ferner
What War Films Never Show You
Lawrence Wittner
Should the U.S. Government Abide by the International Law It Has Created and Claims to Uphold?
James Graham
A Slow Motion Striptease in France
Dave Lindorff
Could Sanders 2.0 Win It All, Getting the Democratic Nomination and Defeating Trump?
Jill Richardson
Take It From Me, Addiction Doesn’t Start at the Border
Yves Engler
Canada and the Venezuela Coup Attempt
Tracey L. Rogers
We Need a New Standard for When Politicians Should Step Down
Gary Leupp
The Sounds of Silence
Dan Bacher
Appeals Court Rejects Big Oil’s Lawsuit Against L.A. Youth Groups, City of Los Angeles
Robert Koehler
Are You White, Black or Human?
Ralph Nader
What are Torts? They’re Everywhere!
Cesar Chelala
The Blue Angel and JFK: One Night in Camelot
Sarah Schulz
Immigrants Aren’t the Emergency, Naked Capitalism Is
James Campbell
In the Arctic Refuge, a Life Force Hangs in the Balance
Matthew Stevenson
Pacific Odyssey: Corregidor’s Iconography of Empire
Jonah Raskin
The Muckraking Novelist Dashiell Hammett: A Red Literary Harvest
Kim C. Domenico
Revolutionary Art and the Redemption of the Local
Paul Buhle
Life and Crime in Blue Collar Rhode Island
Eugene Schulman
J’Accuse!
Nicky Reid
Zionists are the Most Precious Snowflakes
Jim Goodman
The Green New Deal Outlines the Change Society Needs
Thomas Knapp
Judicial Secrecy: Where Justice Goes to Die
February 21, 2019
Nick Pemberton
Israel, Venezuela and Nationalism In The Neoliberal Era
Chris Orlet
The Bill and Melinda Gates’ Fair Taxation Scaremongering Tour
FacebookTwitterGoogle+RedditEmail