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by kingkongrevenge
6440 days ago
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> fundamental flaws of capitalism -- the tendency for the rich to get richer and the poor to get poorer BS. Riches to shirtsleeves abound. Wealth rarely lasts three generations. Now, there are certain subgroups that seem mired in poverty, but that's another matter. The extent to which the rich have been getting richer and the poor getting poorer for the last 30 years in America has everything to do with the explosive growth of government and regulation, NOT capitalism. Capital gains should be zero. All wealth creation is driven by savings and capital. Maximized capital investment and the incentives to save, maximize growth. Income taxes should also be zero, by the way. It is entirely feasible to fund a properly scoped government with excise, duties, and user fees. |
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