High taxation is the best way to redistribute wealth in a capitalist society?

Question

Anyone know what a question mark is?
It doesn't follow an opinion

Answer 1

Not necessarily. It depends how the tax burden is distributed. Have you heard of the growing phenomena of middle class poverty where, this class is expected more and more to pick up the tab.

Answer 2

There is no "best way" to redistribute wealth in a capitalist society. It is not the responsibility of a "capitalist society" to "redistribute" wealth. A capitalist society offers everyone the opportunity to "make money", become "rich", or "go broke". The aim of a "capitalist society" is for the most industrious to make the most money they can.

As a teacher, I know I am not going to make "millions", probably not even "thousands" in my lifetime; but, I am not going to ask those who had the foresight and fortitude to make thousands and millions to pay more taxes than I do.

I would like to see the U.S. adopt a "universal fair tax". When I buy food, gas, cigarettes, liquor, a car, furniture, etc., tax me an xx percent no matter what state I live in. I believe a 5 percent universal tax would be fair to everyone. Of course, this is not going to happen. New Jersey has its agenda, California has its agenda, Maine has its agenda, Kansas has its agenda: Every state has its own agenda. We can't be one entity. We have to be 50! The Federal government taxes, the states' tax, city's tax. The average citizen is bucking three bureaucracies!

Answer 3

Karl Marx believed that the Economy works on the basis of Socialism or Capitalism.

If you are a Marxist you would agree with him.

I do not observe that Marx was correct about the science of
Economics, I do not observe that the Economy works the way he believed.

Your Question is therefore a question that has a Marxist agenda and is rejected by all persons who understand how the Economy does work.

The question you should ask is what is the best way to create
wealth in a society and how can all sections of society get their
just reward from a successful Economy?

Answer 4

Nope. I dont think so. Increase in tax would only give more job opportunties to tax acccountant to devise new legal ways of tax evasion. And the richer ones benefit the most from this (as they have the cash to access such services at a cost that would still ensure they can do some saving).

Weath distribution would require an increase in economic activities. If USEFUL opportunties are created for everyone in an economy, wealth would circulate. (Although there would always be a gap between the rich and the poor).

Answer 5

If it's a capitalist society why are you trying to redistribute wealth. Capitalism is supposed to reward the hardest working/smartest/luckiest/most efficient. Redistribution of wealth does none of those. Also, see Laffer Curve...

Answer 6

What a load of twaddle - what an earth are you on about - take the latest Blair & Brown fiasco - Put up the cost of Prescription charges by 20p - great - NO PROBLEM - EXCEPT when you consider that the Welsh and Scottish assemblies have decided that people will no longer have to pay for their prescriptions - so guess who is paying - you guessed it - the extra 20p is not for our benefit - it is for the benefit of Wales & Scotland - AGAIN!!!! AND WE IN ENGLAND ARE PAYING FOR IT! Let's see if they get away with it via the back door Scots and Welsh MP's in ENGLANDS Parliament -

It's about time that people like you got your heads out of the clouds to see the reality of Labour Controlled England by Scots and Welsh MPs - wake up!!!!

If you don't like the capitalist way of life - go live somewhere else - North Korea perhaps???

Answer 7

I rather think it is the most ineffective idea. Economy and capitalism is not based only on taxation process. Focus more on the money, the amount that is not even spend. It is nothing wrong that they have a lot of money, but it is sometimes wrong on what they spend and that most of it is frozen on account and not invested in proper levels of economy. Study the difference between highest salary and the most low. Economy is like big organism, you can make some effect by doing one thing like changing taxation, but in the end to have more efficient and wright effect it is better to know more economy mechanisms and dont forget that people reaction is one of them. Think rather how to make rich people know where to invest their money for common profit.

Answer 8

No, lowering of taxes allow for increased tax collection through economic expansion. As a byproduct of the expansion wealth is distributed more evenly in a capitalistic societ.

Answer 9

i dont think so. because those people with a lot of money. or any money for that matter WORED for it. why should they be taxed to pay for the lay buggers who are supposrted byt the dole etc.

it just breeds more tax and more 'poverty'

I grew up in Africa i know what real poverty is.

i am NOT saying we shouldnt do anything to help. i just dont belive that taking hard earned money away from those that put in the EFFORT is the way to go.