(Note to Zeno , this is not a political post, its a scientifically thought one as best could in the brief time written and wished to be debated with scientific arguments not politics, it deserves - and the thread too- SMP's minds and not politics because what world we should live is definitely a scientific problem eventually.)
Another clue for those that dont get what i say about the system crashing if rich get richer and the rest remain flat to slightly up or typically down.
How much money do you have today sitting in the sidelines worldwide DOING NOTHING FOR THE GOOD OF ALL OF SOCIETY??? Is it a record. Is it like betting the market will crash worldwide? Is it even like wanting it to happen. Sure looks like it! look at how inept are politicians worldwide unable to act free and do what it takes obstructed by profit making residing at the top of our value system as society! We are victims of money culture not beneficiaries anymore.
Tell me what is it that the super rich do with their money? Do they use it to help society solve its problems or do they use it to generate more (and only by coincidence improve society if we get lucky) ? Not of course all the rich but the majority that matters.
Tell me why is it good for a society that the top 1% has 35% of assets?
"According to the Congressional Budget Office, between 1979 and 2007 incomes of the top 1% of Americans grew by an average of 275%. During the same time period, the 60% of Americans in the middle of the income scale saw their income rise by 40%. Since 1979 the average pre-tax income for the bottom 90% of households has decreased by $900, while that of the top 1% increased by over $700,000, as federal taxation became less progressive. From 1992-2007 the top 400 income earners in the U.S. saw their income increase 392% and their average tax rate reduced by 37%. In 2009, the average income of the top 1% was $960,000 with a minimum income of $343,927.
In 2007 the richest 1% of the American population owned 34.6% of the country's total wealth, and the next 19% owned 50.5%. Thus, the top 20% of Americans owned 85% of the country's wealth and the bottom 80% of the population owned 15%.Financial inequality was greater than inequality in total wealth, with the top 1% of the population owning 42.7%, the next 19% of Americans owning 50.3%, and the bottom 80% owning 7%. However, after the Great Recession which started in 2007, the share of total wealth owned by the top 1% of the population grew from 34.6% to 37.1%, and that owned by the top 20% of Americans grew from 85% to 87.7%. The Great Recession also caused a drop of 36.1% in median household wealth but a drop of only 11.1% for the top 1%, further widening the gap between the 1% and the 99%. During the economic expansion between 2002 and 2007, the income of the top 1% grew 10 times faster than the income of the bottom 90%. In this period 66% of total income gains went to the 1%, who in 2007 had a larger share of total income than at any time since 1928.
Dan Ariely and Michael Norton show in a study (2011) that US citizens across the political spectrum significantly underestimate the current US wealth inequality and would prefer a more egalitarian distribution of wealth, raising questions about ideological disputes over issues like taxation and welfare.
Look at this fact that few notice.
The avg middle class or poor person spends 90% or more of what they make each month. Yes it goes back to society to fund economy. It is recycled partially (of course in the west a lot of it goes to Asia, thanks to capitalism and the globalization and greed of corporations and of course the greed of individual consumers that are certainly victims of campaigns and brain washing and lack of solid education something that definitely helps corporations and corrupt politicians as the wiser people are the less tolerant of the bs going on).
Now tell me what a rich person that makes >100mil per year does with their money (and even 2 mil) ??? Does it find its way back to the economy at a rate of 90%??? REALY??? Is a rich family spending most of it for food, education ,entrainment, trips, health, cars etc you name it that goes back to society??? Like hell they do. I dont want to take their money. I want them to recognize that unless they start using that money to improve the society they live in they are screwed royally!
Let me ask you this;
If i want to create the national math Olympics team of the US what will i do??? Will i start giving test exams in only the top rich schools or will i go to find all possible students across all society and give them all the chance to be tested. If i dont do that China or India (countries that are far worse in average terms in many material metrics but way more populous) will have a better team. They do any way very often as is.
So i go and try to derive my team from all students. And of course if all students were being given great avg education at an early age my results would be even better. Because certainly i do expect to get more top star students per class in good (not lazy rich, seriously good working and well funded etc) schools than in poor ones. If i symmetrically invested in the education and well being of all my youth i would have better results. So why is society at large any different? What wealth we own is a very key force behind what opportunities we have to do something interesting.
Why should the top 20% have 85% of country's wealth. Are the 80% of the people you see out there in the street when you get out the worthless LOSERS??? They are our fellow citizens! They have potential that they will rarely realize because nobody cares for them!
If the top 20% is doing with their 85% of nation's wealth a poor job then we all pay eventually with a collapse.
It is a mistake for so few to have the means to decide their lives trajectory and that of others based on profit taking principles mostly. A massive mistake that is no different than creating your math Olympic team using only 20% of the country's students. It is the exact same error only at a much more severe scale.
It is not about taking the money from the rich. It is about forcing them to make money ethically and then to use it to improve society and themselves at the same time and not only themselves. They owe it because they took it from the rest of society either the right or the wrong way or both. They took it from the rest 80% of people that is certainly not the losers but the core, the heart and the hope of a society!