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In reply to the discussion: DU POLL: Do you think there should be a cap on how much wealth one individual can accumulate? [View all]Puzzledtraveller
(5,937 posts)36. It's like the alarming call of many on DU of late advocating
for restrictions on speech, it's all well and good when your views aren't the ones being suppressed so just wait until someone decideds you have a little too much more than the next guy. Give me the liberal back in Liberal, please!
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DU POLL: Do you think there should be a cap on how much wealth one individual can accumulate? [View all]
RKP5637
Nov 2012
OP
Yep, I recall it as being more balanced back then, and there were lots of extremely wealthy
RKP5637
Nov 2012
#5
Yeah, you hit the nail on the head as to what I was trying to state. I too have no
RKP5637
Nov 2012
#8
YES! If the value of your house rises beyond a certain level, the Government should confiscate it!
Nye Bevan
Nov 2012
#7
It would need to be refined ... speaking more of rigged manipulative wealth, those gaming the system
RKP5637
Nov 2012
#12
Yes, definitely for outrageous wealth building useless aristocratic empires that
RKP5637
Nov 2012
#16
I was surprised too! Basically a no is saying we like the rigged system for the 1% and the
RKP5637
Nov 2012
#19
Yes!!! If I were to do this poll again I should have said taxed rather than capped. n/t
RKP5637
Nov 2012
#20
Yes - the "job creators" need the shit taxed out of them. It's way past time to end the free ride!
Initech
Nov 2012
#81
Taxing wealth would lead to even more concentration of wealth into fewer hands.
ieoeja
Nov 2012
#109
An effective tax would prevent anyone from exceeding the cap but that is even harder to craft
IDoMath
Nov 2012
#68
We could do modeling for it with effective systems, computing power and 'what if' scenarios. The
RKP5637
Nov 2012
#104
Exactly!!! This can be solved! In the big picture, this is a very solvable problem. It's
RKP5637
Nov 2012
#110
I see that as a root cause for many of the problems today, as you said, ""an "anything goes"
RKP5637
Nov 2012
#53
no, but there should be much higher tax brackets for much higher income levels
Motown_Johnny
Nov 2012
#43
Not as such. As has been pointed out previously, the key is to severely restrict the capacity to
Egalitarian Thug
Nov 2012
#58
What I see is that formula has been broken, in past decades it worked quite well, but now
RKP5637
Nov 2012
#61
Today, the tentacles run deep, and somehow, sometimes, those with nothing are led to believe they
RKP5637
Nov 2012
#66
I often think some are so disillusioned, even if they don't realize it, that they need to turn to
RKP5637
Nov 2012
#87
That's it exactly. Huge fortunes are a severe drain on the economy. Ours
Egalitarian Thug
Nov 2012
#85
Yep, allowing endless inherited wealth contributes to empire building often those empires having
RKP5637
Nov 2012
#100
Those in desperation are often not seen in this country, the media paves over them for the most
RKP5637
Nov 2012
#69
No. But income and income from accumulated wealth should be taxed fairly with no loopholes. nt
bluestate10
Nov 2012
#67
I think that's the best way to approach it, through fair taxation that benefits all. And riddance of
RKP5637
Nov 2012
#97
I would be happy with a fair tax system that treated all income the same with Wall St gambling
yurbud
Nov 2012
#72
Here is an interesting take from Thomas Jefferson that is relevant to this topic.
Zorra
Nov 2012
#74
No, but neither should there be a cap on how much the wealthy must repay....
Agnosticsherbet
Nov 2012
#79
Redressing this problem is what the tax code should be for, among other things n/t
eridani
Nov 2012
#94
Yes, it should be ... one of the problems often is the wealthy worm their way into positions
RKP5637
Nov 2012
#99
I think what is required is a review/modification of the entire tax code. It's complicated, so
RKP5637
Nov 2012
#98
What if you're an inventor or author and you sell too many products to consumers?
mainer
Nov 2012
#105
I agree, it's a slippery slope! In retrospect, I should have worded it differently, more
RKP5637
Nov 2012
#114