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Forum Post: How about a few fundamentals about capitalism.

Posted 2 years ago on April 25, 2012, 9:12 a.m. EST by factsrfun (6286) from Phoenix, AZ
This content is user submitted and not an official statement

At its core the concept of capitalism is that each person will want to make money, (here we will take as given that money is the accepted currency of life), if each individual is allowed to do that to the best of their ability the society at large will benefit. The thought being that what is best for each is best for all taken as a whole. This is usually tied to the concept that the collective mind, expressed as individual decisions is better than any that can be agreed to in the real world. Looking around the world as it exists today, we know this is bullshit, so what went wrong?

Wall Street happened. The collection together of capital created organizations to which these simple rules could not be applied. The individual desire and ability to enrich themselves started working against the system as our structures became so large they support the framework of nations not the other way around, when you can enslave a population to pay the bill and you can charge the card and put it in your pocket, the desire to make money becomes toxic to society instead of creative.

We should take the wealth of the wealthy, because it’s the fair thing to do, and pay the bill and start over.

We have over 60 trillion dollars in this country, we are not “broke” most of it bottled up in the top 10%, we take 15 trillion off the top, nobody really gets hurt, we pay off the debt and see if we can’t do better going forward.