“Governments can intervene to promote equity, and reduce inequality and poverty, through the tax and benefits system. This means employing a progressive tax and benefits system which takes proportionately more tax from those on higher levels of income, and redistributes welfare benefits to those on lower incomes.”
Is that what we mean? Create an economy where more citizens are dependent on the government taxing others?
I thought the goal was to give everyone opportunity, the tools to raise their status unencumbered by unfairness of any type while assisting those truly incapable of self-sufficiency.
How much more in wealth transfer will make a difference to average Americans and how? Where does the transfer end and where does lower income begin?
What now hampers the middle class family from economic gain? What stock billionaire has blocked individual advancement? Has the growth of my 401k many times over as a result of growing stock values hurt someone else?
I dont have the answers, but it seems to me that massive changes in the global economy, and the resulting equalizing of world-wide standards of living have more to do with slower economic progress for average people than the growth in Amazon share value.
I fail to see how the long term success of average people can be measured by how much they receive in wealth transfer benefits.
If you embrace socialism based on the enticing promises, you forget about the consequences, you forget the promises and resulting obligations must all be paid for and who will pay them and you may forget that you are giving control over much of your life to whomever is in power at the moment. It’s like moving to Florida on a warm sunny day in February and ignoring the hot, muggy days in summer and hurricane season.
Categories: My Opinion