maximum just fortune limit can be [and of course should be] global inflation adjusted?
maximum just fortune limit can be [and should be] adjusted for global wealth increase?
2006-10-11 12:44:57 · 3 answers · asked by Anonymous in Social Science ➔ Economics
Anything of this kind, also an income tax threshold or a minimum wage, has to be adjusted annually for inflation, so as to keep its REAL level.
2006-10-15 02:07:18 · answer #1 · answered by MBK 7 · 1⤊ 0⤋
Inflation gives rise to abject poverty and excessive wealth results in conspicuous consumption. But by both we have problems to the society as a whole. The adjustments you are talking about will come by redistribution of wealth and that does not guarantee for a future without disparities. Persons have special and specific characteristics, with persons spending whatever they recieve and others not spending and saving everything. Disparities remain in this world and will remain for ever.
VR
2006-10-12 00:10:42 · answer #2 · answered by sarayu 7 · 0⤊ 0⤋
Personal wealth exists in many forms (money, family, land, loyalty, knowledge, hard work, trademarks) and cannot be limited.
2006-10-13 17:13:36 · answer #3 · answered by Rj 3 · 0⤊ 0⤋