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Economics Capitalism, For it / against it?

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post Sep 4 2010, 03:56 PM

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QUOTE(ray123 @ Sep 3 2010, 11:45 PM)
Economic capitalism, governmental socialism. Enforced corporate responsibility. To get rich is glorious, but there has to be a corresponding tax rate. 95% America's wealth is owned by 1% of their population, that is just too extreme and isn't working well for those at the bottom of the pyramid. Despite that, majority of Americans (the Republicans) still believe in tax cuts for the wealthy, because they too want to be rich one day and don't want to pay higher taxes. I believe in a strong government that would profit more by taxing the rich rather than getting bribed to avoid taxing them.

Of course, this wouldn't work in the real world. If you raise taxes the companies will simply go to another place that doesn't. It's pretty much demonstrated in football player transfers. Earning 100,000 a week seems obscene, but the players are getting taxed up to 50% in the UK. That is why transfer dealings to the UK in recent years have been muted, many of the big names went to Spain to enjoy the mere 22-30% tax.

If there was a ruling for the players that 20% of their weekly pay (of those earning over xxx amount) must go to a local charity/cause/project that they choose I'd think the whole of UK would be all for it. Unfortunately, desire is part of human nature. Fancy cars, flashy clothes, fast women, palatial homes, being waited on hand and foot... some things just appeal to the basic greed in all of us.
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Because they manufacture demand. We need to deemphasize a lot of the 'needs' into unnecessary ' wants'. Of course this won't happen since why would they ever want to reduce demand of their own products.

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