Forum Post: Capitalism that works for the less fortunate
Posted 13 years ago on Oct. 7, 2011, 12:14 p.m. EST by jjmr
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ok so this idea came to me last night. what if we keep the system we already have for the 99%, but if you are part of the 1% you are required to give a percentage of your wealth to the poorest ( say 50%)
this can NOT be done in a form of social programs or incentives, It needs to be SOUND money(gold, silver, assets, etc not inflated money made out of thin air) given directly to the poorest of the poor to spend freely as they choose
that should give anyone who wants to be successful enough room to grow, and anyone near the top 1% scrambling to get rid of their wealth, and in turn the control of power that comes from it.
what do you guys think, comments suggestions conerns, constructive criticism
I think this post is a perfect example of the lack of brain cells in most of the cranial cavities walking around NY right now. How exactly is anyone going to be "successful" and "grow" with a stipend from some rich dude. What happens to your great utopia in 5 years of this system when the "rich" run out of money/ leave the country? God the idiocy going on....
The issue with sound money is that we have no right or ownership over the natural world. Choosing a natural resource and giving it the power over value is just as futile as basing our currency's value on declared debt. Our currency needs to be representative of the value of the work and the workers.
This is truly a revolutionary idea. I've posted this elsewhere, but author John Perkins (Confessions of an Economic Hitman) has talked about south American countries where this is being done - valuing currencies based on a unit of labor.
Can we agree that the currency must be based on SOMETHING of value? Not nothing, like the value of the paper it's not printed on?