|Binro the Heretic - 2015-07-30 |
He touches on the reason I'm not fond of a minimum wage hike as a long-term solution. Even if we do put more money in people's pockets, businesses will either use "increased production costs" as an excuse to raise prices, or they'll just raise prices because they know people have more money.
What we need are laws that punish people who hoard vast wealth. Tax the living piss out of them. Let them know they can no longer sock away a huge portion of our economy in offshore accounts where it can't be taxed, but neither can it be spent. Give them one more totally tax-free holiday to bring their money back onshore, but tell them they have to pump it back into the economy. Make it a game, sort of like that movie "Brewster's Millions". Give them a time frame to spend a big portion of their fortune or lose a bigger portion of it.
And as heavily as we tax them while their alive, tax them even more after they finally die. Don't let them pass huge fortunes on to their snot-nosed brats. Most congenitally rich people are total assholes, anyway.
More modest proposals:
- Only allow people to own one residential piece of property and one commercial piece of property. The residence is where you live and dwell. The bigger it is, the more tax you have to pay on it. You must spend at least 75% of your time living at your residence. That gives you three months a year of vacation. Exceptions can be made if your business requires you to travel, but don't abuse it or you'll be fined. Your commercial property is where you earn your living, whether you build apartments on it and rent them out or build a factory to make things or a farm to grow food, etc. Also, your residence can be no more than five miles away from your commercial property. If you want to use your residential property as a second commercial property, that's okay. Just remember, you still have to live in it 75% of the time.
- If you rent out property for people to live on or conduct business on, the higher the rent you charge, the higher the taxes you pay. If you make the rent really low, you can even get a tax break on it.
- Stop taxing income. Start taxing assets & luxuries. If you want to build a solid gold mansion to store your piles of cash in, you can damn well pay for it.
- All basics; food, shelter, clothing, medicine, education, clean water & other basic utilities need to be considered part of the infrastructure and publically funded. And I don't mean free caviar & mansions for everyone. Everyone from the richest multibillionaire to a single parent struggling to work & go to school while raising a special-needs child should be able to get free decent housing in safe neighborhoods, go to the free food store and get wholesome ingredients that they can store & cook at home and get a useful education free of charge all while using free public transit. If they want to spend extra on a nice big house, fancy car or restaurant dining and they have the money to pay for it AND the associated luxury taxes, they can do it. Think how hard people will work if it actually pays off with better stuff for them?
- SWITCH TO RENEWABLE ENERGY FOR FUCK'S SAKE!