Remedy And Reform The Socioeconomic System?
It seems that there are THOSE who are against the capitalistic system. Such people portend that the capitalistic system is based upon "greed" and "explolitation" of the non-wealthy and the poor among us. They blame capitalism for the widening income gap between the wealthy and the nonwealthy.
With their vitriolic condemnation of capitalism, they condemn those who are wealthy and rich as totally corrupt and devoid of any type of humanistic value. These pundits strongly advocate an equal distribution of income so there would no longer be wealthy and rich people. They want to overturn the premise that labor and talent has its rewards.
They want everyone to receive EQUAL pay no matter what job, education, and talents a person has. In essence, SUCH COMPONENTS SHOULD NOT MATTER AT ALL to such people. To these people, the street sweeper should receive the same pay as a surgeon. To explain to such people that jobs pay differently based upon educational, skill level, and talent components.
To those who are against the capitalistic system, respond to this forum. Get YOUR VOICE heard! How WOULD you change the capitalistic system and list the ways YOU believe such a system is inherently evil?
Are your statements correct? I'm not sure people believe there needs to be an EQUAL distribution of wealth, nor are people expecting the same pay for jobs that require different qualifications or expertise.
Isn't the problem more the disparity between the filthy rich not paying sufficient taxes, finding loopholes so their corporations pay no tax at all, and those who pay a fair amount of tax commensurate with their wage? In this regard to those corporations not paying tax, regulations need to be corrected so these loopholes don't exist.
I have not heard the statements that the common man is asking for an equal distribution of wealth, nor the same rate of pay regardless of the job. Where are these statements coming from?
The system is clearly floored because it's not working. If you think it's working and the basic needs of every man woman and child is being taken care of, then that is a plus for capitalism. Basic needs are food, water, clothing, shelter, education and health.
If the aim of your thinking is the last man standing is the one who has the biggest bank account, then capitalism wins - this is where capitalism is heading, the head of the pyramid. But what a lonely existence - man and his bank balance.
I personally would like to see a debits tax introduced that overrides all other tax systems, including corporate tax. There would no longer be family trusts for instance. This system taxes every dollar debited from a bank a/c so attempting to bury your cash in the Cayman Islands would still be subject to tax when it leaves the country it was earned in. The rate of tax is something like 0.0000033%. In short this tax ensures no tax avoidance. You may be wondering about those cash-in-handers - according to the data collected while researching this tax system, the loss of tax is negligible, and far far less than what is lost using the current system. You would also think that this rate of tax is way too low. When company and family trusts are taken away there is actually more tax revenue than ever before. It is also speculated that there would be less cash-in-handers anyway because the basic living needs are met and no need to hide money.
The administration of such a tax is done via the banking system but not by the banking system. The tax is collected on a daily basis and credited to an administrative holding a/c. From this a/c proportional distributions are made to Education, Health, Utility maintenance, infrastructure, sewerage etc. A good bi-product of this system is you do not need to do a tax return. The proof of tax paid is on your bank statement and is in line with your spending. Problem is there are likely to be less accountants in the world, but perhaps they can focus their attention on helping people build their businesses instead of tax systems.
The data on this tax suggested lower income families would actually have a higher disposable income to inject back into the economy so the capitalist consumer system keeps rolling along. When basic needs are met consumer confidence is higher.
Businesses who own overseas interests will be required to pay taxes on any transfer of funds from the country of origin. This way the country of origin benefits from say minerals or any commodities taken from that country, the taxes of course benefit the natives of that country who also require the basic foundations for living.
This system allows for capitalism to continue however, there is transparency where currently there is not and more revenue to take care of the basic foundation that is required in any country and principality throughout the world. Get that foundation right and capitalism will work.
Good morning, Jewels, yes, there are some people who STAUNCHLY BELIEVE that there should be an EQUAL distribution of income, not taking into account differing job skill, educational levels in addition to other components. Some people DO believe this, really!
Please offer some evidence for the people you say Staunchly believe" and
Please offer evidence from straight news sites not biased pundits.
To answer your question as an evil liberal
We do not live in a Capitalist system, we live in a system that takes ideas from both Capitalism and Socialism. Woe to us if we ever move to a purely capitalistic system.
I believe we have the best system available because it changes over time according to the needs and resources of the time.
There has to be a balance where regulations and Socialism temper the abuses of Capitalism. Capitalism left to its own will abuse labor and the environment and there are countless examples throughout history. Read Dickens' novels for a good example of the excesses of Capitalism. We do not need to go back to a time of poor houses and the treadmill. Socialism left on its own leads to destruction of initiative and dependence on government.
Our problems arise when one side or the other try to tear down the advances and benefits created by the other.
It is interesting that many of the diehard Tea Party still support Medicare and Social Security, both Socialist programs
Chefsref, don't expect a reply... I tried the whole "Barely anyone believes we should get rid of capitalism or get rid of socialist programs, we just don't like political corruption at the hands of some businesses thing and we don't want people dying in the streets" but gm replied with zzzzzzzzzzzzzzzzz
Might start here and good luck on that:
"Forty-six of fifty states are now reported to be so insolvent that they could be filing Chapter 9 bankruptcy proceedings within the next two years.1 Of the four that are not in that category, one is the isolated farming state of North Dakota. What does it have that other states don’t? The answer seems to be: its own bank. In fact, North Dakota has the only state-owned bank in the nation. It has avoided the credit freeze caused by the derivative schemes of the Wall Street bankers by creating its own credit, leading the nation in establishing state economic sovereignty."
by loua4 years ago
Like all sacred cows, capitalism has failed the acid test of time; capitalism has not proven itself worth the sweat and blood it took to erect this edifice of greed and corruption, for it has traded the integrity of the...
by Grace Marguerite Williams3 years ago
Has anyone seen any of his videos regarding capitalism and the free enterprise system? If so, what do YOU think about his premise against capitalism and the free enterprise system? Mr. Moore...
by Grace Marguerite Williams3 years ago
corrupt and unequal, what other socioeconomic system do you believe would be more societally beneficial to all? Or do you believe that capitalism needs to be reformed, not done away with? Why? Why not?
by Moderndayslave3 years ago
With wages adjusted for inflation either stagnant or losing ground and commodities and the cost of living going up. Is the US economy being systematically gutted or is this just a coincidence? What's your opinion and...
by Gary Anderson7 years ago
The tower of Babel was a sign of God's displeasure with the uniting of mankind. The tower was destroyed and yet, the Pope has called for a New Financial World Order, which ultimately will break down the barriers of...
by taburkett4 years ago
The current tax code is detestible.Herman Cain recently introduced the 999 plan.Other politicians have introduced many plans previously.We have gotten nothing from the self-serving politicians.Do you believe we need a...
Copyright © 2016 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.
HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.