This video blog was posted on March 31, 2011.
Is America really broke? Michael Moore (and others) tells us that there are oceans of cash being hoarded by the wealthy. But Iowahawk (iowahawk.typepad.com) did a little addition, and armed with these statistics Bill and the ‘Hawk blow a hole in the “hoarding” lie big enough to fit a documentary filmmaker through.
Taking from those, while alive, is not the solution. The solution is to grow the economy while simultaneously broadening the personal ownership of FUTURE wealth-creating, income-producing productive capital assets and build a FUTURE economy that can support general affluence for EVERY citizen, outlawing concentrated ownership and monopoly going forward. This is not a quick flick the switch solution, but a just long-term solution. Redistribution is appropriate at the end of the current greed capital owners. As a substitute for inheritance and gift taxes, a transfer tax would be imposed on the recipients whose holdings exceeded $1 million, thus encouraging the super-rich to spread out their monopoly-sized estates to all members of their family, friends, servants and workers who helped create their fortunes, teachers, health workers, police, other public servants, military veterans, artists, the poor and the disabled.
Support the Agenda of The Just Third Way Movement at http://foreconomicjustice.org/?p=5797, Monetary Justice at http://capitalhomestead.org/page/monetary-justice and the Capital Homestead Act at http://www.cesj.org/homestead/index.htm and http://www.cesj.org/homestead/summary-cha.htm.
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