Posts tagged ‘wealth’

November 22, 2012

Individualism and nuclear families prevent people from achieving economies of scale in housing, child rearing and consumption; and so they remain dependent on a continuous flow of income (poor).

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November 20, 2012

The middle class is encouraged to waste its income on consumption (cars, vacations, etc.) and dubious investments (houses), so it never accumulates wealth and remains forever dependent (unfree).

November 11, 2012

A parable of talents

A young couple had joined an early pollykaryote*, but wanting no children though fearing for their investment, they convinced their fellow members to adopt talented orphans and pay for their education in the hope they would in time strengthen the polity.

The first studied sociology and over the years proposed changes to the pollykaryote’s code that increased its cohesiveness and economic defenses to the point that its wealth grew ten-fold. The second studied engineering and then business, returning well over five times what es schools had cost.

The last had wanted to become a doctor, but gradually became lazy and eventually failed es final examinations. The couple summoned the orphan and berated e: “We paid for your entire education and you couldn’t even graduate. What ever happened?” The youth answered through clenched teeth: “I knew you were selfish and only funded my studies to ensure your own financial success, so i became resentful and lost heart.” The couple replied: “If you knew we were selfish, you should at least have worked to pass your exams and repay your debt. Now you will never be received into the safety of our polity, but will instead be cast out with nothing at all into the uncaring world where we found you.”

October 31, 2012

Paying for property rights

The more money one has, the easier it becomes to accumulate even more. The poor can barely keep hold of the little they have, so easily it slips through their fingers. Unchecked, wealth gravitates into ever fewer and larger piles. There must be some way to reverse this trend.

What if we were only taxed on the proportion of society’s wealth to which we laid claim? What if we forfeited all rights to whatever we refused to declare?

(In a country where the government spent 6 trillion and the top 1% of a population of 300 million owned 50% of the nation’s money and property, those 3 million would pay on average 1,000,000 in taxes, the other 99% would pay approximately 10,000 each, some more and many almost nothing, of course.)

October 27, 2012

On the origin and basis of economic inequality

Perhaps the cause of most economic inequality is that the wealthier, less needy of two trading partners seems to always make out a bit better. Or is it the smarter, wilier of the two? Would this not over time result in some accumulating exponentially more wealth than most others? The direst need must always concede — and so the differential value of every transaction naturally trickles up.