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But those rules inevitably fail because under capitalism wealth always consolidates under the psychopaths and sociopaths. Like, there’s no way to have capitalism and not have that happen. It’s part of the fundamental structure of private ownership of capital.
Limit the amount of capital that can be individually owned. Wealth cap. Sociopaths are going to sociopath, make it so they can't have more money than a government and there wouldn't be so many problems.
Wealth cap paired with a wealth floor and UBI, and we're really cooking.
Absolutely agree!
Ok, institute a wealth cap and the people who have hit it will just bide their time until people get complacent, then start exerting power to roll it back. It happens with every reform and regulation that put limits on private ownership of capital. What we really need is to abolish private ownership entirely.
It should just be a continuing, progressive income tax. No breaks, no loopholes, no tax evasion. The left is focusing on a single, arbitrary number and it's a bad idea.
I'd argue it's an idea that's easy enough to convince others to vote for. Anything with "tax" in it, has and will be weaponized. Realistically, a wealth cap may not be the best solution, but its the only one simple enough that propaganda has a hard time twisting. It's an easy sell to those with a 5th grade reading level.
The cap needsto be way, way lower. You don't need to to have more money than a government to buy a politician or buy media. And I think that small steps is all it takes for a class of the society to progressively take more and more power as they work to influence people and remove regulation.
That's not just money, but any form of power (in every system over time). Fighting it seems to be the eternal struggle.
You know what stops that from happening?
A politically engaged populace. The vast majority of Americans just don't care.