What Mr. Sachs wants is more money from the well-to-do
- who earned it-to pay for social services for groups increasing
ly encouraged to add to their numbers by the very same system.It doesn't take a genius to see that in the end, that kind of system can't support itself, or a free enterprise economy.Th
e law of compound numbers eventually over takes the system and there will never be enough people to provide the support systems and social safety nets that will be needed. We need a different solution.C
losing inappropri
ate loopholes, and dis-incent
ives to investment seems right. If the rich and well-to-do have to pay more taxes because they "cheated" the system, they should pay. So should business, for the same reasons.
But without getting control of the numbers of people who demand support from the system, there is no chance of getting it balanced.T
he "rising tide" of free markets and capitalism that helps everyone is vanishing; too many people on the boat, and it's in danger of being swamped, and sinking. Ideology notwithsta
nding, more taxes aren't the answer; less people in the social safety net is. And you get that with more jobs, more and much better education, more opportunit
y for small business.
Read the Article at HuffingtonPost
No comments:
Post a Comment