Quote:
Originally Posted by Sephiroth
I suspect that most people understand how the world works.
At one end, there are state managed economies (not many), like China where everything is supposed to be levelled down. Yet they spawn extremely wealthy people because that's how human nature works. Strive to better yourself if you can - or you can give a bung to a politician. The general population are in the 'just managing' category (except in N. Korea).
At the other end, there are capitalist states (most of Europe, USA, etc) which spawn the same wealthy elites for the same reason - human nature.
In the middle are countries where investors don't think there is going to be much financial return other than on an exploitation basis. Again, human nature.
So, turning to your statement, what should happen if the many openly ask 'why so much wealth is in the hands of so few'?
The answer is given in my first three paragraphs. Then, what will they want? They'll likely say a 'fairer distribution of wealth'. What the heck does that mean? Effectively rob the rich to pay the poor? Tax the rich so that they leave the UK, taking jobs with them and relegating the UK to the middle grouping? The people will become even more exploited; government will have to take even more tax to keep services going.
Your vision is deeply flawed.
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You are wrong. Most people do not know how the global, pan-tax jurisdiction, corporate capitalist market works.
Your argument is basically this: the ultra-wealthy are going to roger us what ever we try and do so we may as well just bend over and suck it up?
Nah, no thanks. We can do better than this. The
Nordic model is a good start esp. Denmark.
Your focus, as we have been conditioned to think over the years, is that the only significant tax base available are the Middle Classes. This is so untrue.
Let's take this example: your wealth increases each year by £60k, principally through income, and you pay an overall effective tax rate of, say, 35%. Let's then say that my wealth increases by £100m each year but my overall effective tax rate is 10% or less. Do you think this is fair & equitable?