harmony wrote:JAK wrote:There are many other examples, Harmony, which I’m sure you can recognize. Consider the bail-out of AIG and American banks, the auto industry, etc. Those at the top still are taking in tens of millions of dollars even as their companies are pleading for government help. Wealth transfers up.
JAK
I don't dispute that at all, JAK. It's no mystery to me why the poor get poorer as the rich get richer. I'm just trying to put a brake on them dying at significantly higher rates.
Harmony,
I understand your feelings here. At the same time, I suspect you know that half the world’s human population lives in poverty and starvation. They lack the medical science which Western world countries have. And even in the Western world, there are millions of people without health care, without insurance, and without employment.
How would you “put the brakes on them dying at significantly higher rates”? To do that requires that wealth to and for those who don’t need it be transferred to those who do need it. That is, we don’t just print money and give it out (generally).
In order to achieve your laudable goal, capitalism which transfers wealth up needs
something which reduces that reality. One way to do that is to increase the tax load on the wealthy. We have had a
free market without restriction of wealth transfer. There are still many who propose cutting tax on the wealthy or a flat tax (everyone pays the same percentage). The latter is regressive against the poor and would exacerbate the very problem you wish to solve.
There is another kind of tax which might address your concern. It’s the Value Added Tax. That’s a tax placed on yachts, second, third, and fourth homes, luxury cars, multiple cars beyond three, etc. That is by no means a comprehensive list of
things which could reduce the “dying at significantly higher rates.” There are others. Education and skill is critical to accomplish your goal. That is, people must be able to help themselves. What can the wealthy do to enable the poor to help themselves? The cost of poverty is far greater than the cost to educate people to secure their own future with marketable skills. Poverty results in death – death from illegal drugs, death from no medical care, death from ignorance about how people can help themselves.
The goal which you advocate cannot be done by volunteerism. We have witnessed that clearly in the past decade. That is not to discourage
volunteerism. It’s a beneficial thing. One problem is that those who volunteer are often those who, themselves, are close to the margin of real need.
What is your proposal to solve for the problem you articulate? Given our global population dynamics (6 billion people), the countries which are
well to do are limited on what they can do for the underdeveloped countries. Providing food, for example, without providing medical health care may be counter-productive. Education is a costly proposition for the poorest of countries. The USA presently has its own crisis in finance and productivity. And the USA is presumed to be the most wealthy, innovative country by many. If that is true, the USA would appear to have the responsibility to lead in the solution to the problem which you articulate.
JAK