“It’s hard to find a spot on the earth today where governments are not trying to “redistribute” income or wealth. One of the intentions of this effort is to help the poor, whether the poor are defined as the “proletariat” or as the indigent, jobless, or disabled. The programs of “redistribution” have been going on for decades; far from being new or untried, they are the norm across much of the world, and have been for the last half-century (in some places, even longer). What we have found, in all this time, is that in spite of diligent redistribution (and even, in some cases, coercive, centralized control of economic outcomes), there continue to be poor people, and many of them at any given time are in grave distress.”
We need to reevaluate our tax and central banking institutions, as well as, labor and welfare laws. We need to innovate in such ways that we lower the barriers to equal economic opportunity and create a level playing field based on anti-monopoly and anti-greed fairness and balance between production and consumption. In so doing, every citizen can begin to accumulate a viable capital estate without having to take away from those who now own by using the tax system to redistribute the income of capital workers. What the “haves” do lose is the productive capital ownership monopoly they enjoy under the present unjust system. A key descriptor of such innovation is to find the ways in which “have nots” can become “haves” without taking from the “haves.” Thus, the reform of the “system,” as binary economist Louis Kelso postulated, “must be structured so that eventually all citizens produce an expanding proportion of their income through their privately owned productive capital and simultaneously generate enough purchasing power to consume the economy’s output.”
