(December 22, 2012 at 6:06 pm)median Wrote: I agree. Actually I'm not making a case for the reverse of communism, total free market (look what it got us into!). Rather I think the problem is not that easy to solve, given all the forces currently at work. When a wealthy man's wealth is threatened he will unite with others to keep his place.
Getting back to the OP, I'm not so sure that something like a progressive tax at this point will fix it. Aren't we too far in the hole? Wouldn't we need to decrease entitlements drastically AND increase taxes on everyone to balance the budget?
I wasn't arguing from a Communist point of view, I think you just judged it that way because it was attacking Capitalism. Just because I was doing that does not mean I'm a Communist...it just means I have my own mind!
My argument was pointing out that it is quite clear the Economic meltdown is strongly related to the Capitalist way of running it. ( I do agree that I may have been wrong to label it Capitalist at all, but Capitalism is an economic system) What I am simply saying which DOES relate to your thread is that YES your economy will collapse but it could be prevented if you stopped looking for growth and started distributing...whilst it wouldnt benefit Eco growth ( obviously as growth stays at 0% ) it would improve quality of life in America generally.
Also to say it is unrealistic is ridiculous, unless you've lived in any other country than America you cannot state that it is 'unrealistic' ... I would never say it is unrealistic to get the best out of Capitalism...it is the people in the society that manipulate the ideology...Capitalism as an ideology is actually a bloody good idea....in some areas.
