The the 2 main problems I see with capping wealth is that it puts the remaining wealth management into the hands of centralized institutions like governments and banks (or elitist in general). Notice the graph above showing the U.S. Debt, doesn't seem that this process works very well currently and most of the worlds governments look similar financially. The other problem is that by capping, you take away incentive and drive from the "entrepreneur". Some of the wealthiest entrepreneurs in the world are some of the biggest drivers for solving world problems. However, if you take away that incentive then why do things that others aren't willing to do if it is just going to be redistributed anyway whether the type of distribution is something that you believe it. Once could even argue that if you didn't believe in the way it would be redistributed then you wouldn't create the wealth in the first place to prevent it, or stop at the cap so you remained in control of things you financed. If people stopped building wealth at "x" amount to avoid it just being taken from them anyway (this is how welfare and disability currently work) then it would also negatively effect the over all economy since the volume of money would not be as high. People might not buy as many vehicles for example which in turn could create layoffs in the automobile industry, which only really negatively effects lower income earns . Jobs exist to support demand of products and services.
I agree with you, that it would be great to have more people putting money towards helping their fellow humans, but when you try to control people as you suggest, I believe more harm then could will come from it. Just imagine that you were in school and work tirelessly to have good grades and another person in your class partied 7 days a week or just simply didn't put the same effort as you in and your high score was divided equally between you and this other person so that you both got equal scores. Woulds this be something you would be ok with? If so, I would be very interested in hearing the logic behind why?
I believe that positive incentive and education are the keys to accomplishing what you are really trying to accomplish at the end of the day.
Namaste
I understand your confusion. You are working from a broken system thought process, no insult or injury meant.
let me try to elaborate..
1st. you state that it would be in the hands of Governments, central banks,or centralized elite control. I want to point out that we are already breaking that power structure with the crypto markets. bitcoin ,etherium,Dash,ect are give these groups a headache! so the chart you mention show a debt based on usury (money borrowed at interest ,where the only source of creating more money ,is to borrow more ,at an increased interest rate )can never be payed off! it is like trying to fill a bucket with a hole half way up the side....The chart is as broke as the system that controls the making of the debt money!
2nd
Now we get to the motivating factor. You imply that no one does anything except for monetary reward..That if we all have equal ability to afford to do things that nothing will get done.That if we stop greed then we curtail progress..you make it sound as tho rich people give money it's value(all to true, now) and that by giving poor people money that it will automatically devalue the money. but yet that is exactly what the crypto markets are doing!
it is letting common people leverage them self out of the control of the control structure. You claim that there are groups of people with large sum of money doing great things (entrepreneurs)these are not the people who control the Money! they are people who are opposed to the status quo and are trying to do positive things for the world,not just profit.exactly because they can afford to do so!
I fail to see how taking money from one group and redistribution to another changes the value of the money.. or makes the money unable to do the same job(s)...If you eat an apple or give that apple to someone else an they eat it,it still has the same calories.. we may metabolize it different....lol..
and as for jobs!...lol... I would rather have a hobby that I was passionate about and that allowed me to enjoy my life! not something that I am forced to do ,that does not pay me enough to live above the poverty level .were I am not valued except as the easy to replace piece. or in threat of being replaced by a computer,or robot.
they say that insanity is doing the same thing over ,and over and expecting different results .. 90% of the population working 40+ hr.s a week, and living in poverty... that is insanity!
I believe that Crypto- currencies , and common people working together through sites like this one have a chance to correct some of the evil perpetrated on the us by the ruling elite! And I do believe that if people had an equal share ,and the means and ability to make positive change they would! they volunteer and do it all the time! especially in times of adversity,and tragedy.
I believe that given the chance most people would help more if they could afford to. Maybe the entrepreneurs would loose incentive , but more people would have the means to do it them self...unless you think that people are lazy, worthless and do not have an ability to do something without coercion..
What is going to happen when computers and robot do all the work? and everyone is put on a universal dole,or income? universally poor is better than universally rich?... same thing if they control and are above it...
thank for the commit, and the chance to communicate! that's more than I can do with those in power! :-)
I'll read you guys tomorrow and most probably comeback to comment.