I think socialism is awesome but capitalism, when highly restrained, is more effective at generating capital.
I think a few fairly simple steps can merge the best of both.
Limit personal net worth to, say, 01 million dollars. Companies can have a networth of, say, 1 billion tops. Below that, put like 10 or so tax brackets, the more you’re worth, the more you pay tax. Anything over those limits goes 100% to tax
This favors many smaller companies working together instead of one huge monster that can’t even take care of itself and requires regular bailouts
The tax income will be more than enough to support a large socialist system that can take care of free education, free healthcare, etc, hell, even universal basic income
Oh yes the myth of the small business capitalism. The reality is there was once thousands of car manufacturers in the US and now there is maybe fifty with a big three making the vast majority.
Same goes for about every sector there is in every country. The ideal of a capitalist society that uses great restraint is just a fantasy. Concentration of wealth and the wealth gap is high in every single country in the world.
There is no real example of capitalism effectively addressing wealthy inequality or creating a small business form a capitalism for any significant length of time before it starts concentrating. It may start out with small businesses, but monopolies quickly develop.
You may ask why is it bad to have wealthy people. The problem is representation. All nations policies almost always exclusively favor those with capital. They get unequal representation.
One only has to look at the mega corporations to see the concentration and do a policy review to see the majority of laws passed directly benefit them.
I would like to see a country actually implement what you say to prevent concentration of wealth. It probably will never happen though.
I would take it a step further and say all corporations must be worker-owned. Every employee has an equal share, and maybe there is a probationary period along with that to weed out the bad eggs. This alone naturally encourages organic growth (among other, greater benefits) because any new hire will divide the pie further.
Mmmm, sort of, I guess, depending a little on who does what different percentages maybe? A guy who does 4 hours vs a girly that works 8 hour day, for example, but yeah, there should be something like that
I still want to reward founders too, you need people to start something new, give them a bigger % or something, but those are details
Either way, if nobody can be filth rich anymore we should be able to get to a stable point where all people can work way less, where we focus less on consumerism, focus more on life.
Unfortunately the 1 million dollar net worth would have to be modified by location. If the average house is hitting a half million most places, and passing $1 some places, they need to at least be able to be worth slightly more than their residence.
I think socialism is awesome but capitalism, when highly restrained, is more effective at generating capital.
I think a few fairly simple steps can merge the best of both.
Limit personal net worth to, say, 01 million dollars. Companies can have a networth of, say, 1 billion tops. Below that, put like 10 or so tax brackets, the more you’re worth, the more you pay tax. Anything over those limits goes 100% to tax
This favors many smaller companies working together instead of one huge monster that can’t even take care of itself and requires regular bailouts
The tax income will be more than enough to support a large socialist system that can take care of free education, free healthcare, etc, hell, even universal basic income
Best of capital generation,best of socialism.
Oh yes the myth of the small business capitalism. The reality is there was once thousands of car manufacturers in the US and now there is maybe fifty with a big three making the vast majority.
Same goes for about every sector there is in every country. The ideal of a capitalist society that uses great restraint is just a fantasy. Concentration of wealth and the wealth gap is high in every single country in the world.
There is no real example of capitalism effectively addressing wealthy inequality or creating a small business form a capitalism for any significant length of time before it starts concentrating. It may start out with small businesses, but monopolies quickly develop.
You may ask why is it bad to have wealthy people. The problem is representation. All nations policies almost always exclusively favor those with capital. They get unequal representation.
One only has to look at the mega corporations to see the concentration and do a policy review to see the majority of laws passed directly benefit them.
I would like to see a country actually implement what you say to prevent concentration of wealth. It probably will never happen though.
I would take it a step further and say all corporations must be worker-owned. Every employee has an equal share, and maybe there is a probationary period along with that to weed out the bad eggs. This alone naturally encourages organic growth (among other, greater benefits) because any new hire will divide the pie further.
Mmmm, sort of, I guess, depending a little on who does what different percentages maybe? A guy who does 4 hours vs a girly that works 8 hour day, for example, but yeah, there should be something like that
I still want to reward founders too, you need people to start something new, give them a bigger % or something, but those are details
Either way, if nobody can be filth rich anymore we should be able to get to a stable point where all people can work way less, where we focus less on consumerism, focus more on life.
Unfortunately the 1 million dollar net worth would have to be modified by location. If the average house is hitting a half million most places, and passing $1 some places, they need to at least be able to be worth slightly more than their residence.
My idea requires some more work
I think this only works on a world wide scale. Make salaries all the same everywhere, one world coin.
Houses are currently extremely overvalued, real value for most houses is easily 3X less than they go for now
Most houses could go for under a million. Two people live there, a 10M cap gets you very nice house with loads of room to spare, still.
If anything, the 10 million cap seems too high still