Tuesday, June 21, 2016

On a healthy economy and just society

The Wealth Gap—As a democratic socialist…or more appropriately, a social capitalist, or capital socialist (we must not conflate, as most do, democracy with capitalism). It is economically healthy that there are entrepreneurs/owners of super wealth, but those owners to change approximately each generation to avoid entrenched wealth. This can be accomplished with  a redistribution of wealth via a steep progressive tax and stiff inheritance tax. There is no other way. A healthy economy must have money in circulation and entrenched wealth slows circulation. Also, a society cannot have equal opportunity without redistribution of wealth.

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