A Better Path To Wealth Distribution
Daniel Leininger @ Flickr
There doesn’t even appear to be a debate.
If one group of people–somehow–attains a certain amount of wealth and another group appears cut out, you just take a chunk of wealth from the first group and pass it onto the latter. Voila. Everyone is equal again.
Except, that history proves that wealth distribution doesn’t survive its initial pay checks and can actually make things worse. In the early days of the 20th century, Russia tried to redistribute wealth. The Czars became premiers. The boyars became commissars. But the poor people remained poor. Maybe poorer.
Still, wealth and power remained in the hands of a few.
In the Western world, trillions upon trillions of dollars, Euros, yens, pounds, francs, and Deutsche marks, have been redistributed. Somehow, that money continues to find its way back to the same groups.
Wealth distribution will not work, but there is something that will be far more effective.
Business Strategy, Investing, Money, Online Investing AI, US Economy
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