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Who Should Own Wealth?

REAL ISSUE: Should we own the wealth we produce?  Wealth being the excess property we own above what is needed for a comfortable life.

Well, it all depends upon the grand scheme of things, perpetual life being a closed loop control system.

For so long as there is wealth, it will be the source of all the power, glory and deadly force in society and government.

For we all have a different level of intelligence, giving us a different ability to produce wealth.

So, how should wealth be controlled and who should do the control?

And so, if the goal in life is to self-actualize, to be all you can be, to be the most wealthy, most powerful, most glorified and the most deadly you can be, than full ownership of wealth must go to those who produced it.  Also, wealth must be preserved in a family dynasty   Also, never should profit, income or wealth be taxed, with sales taxes being the only way to go.

On the other hand, if we are ever to eliminate hunger, the homeless, global warming and have all the non-profit things most essential to progress, such as Medicare for all and mass transit, everyone needs a desire to give all their wealth to a worthy cause.

And if we are ever to achieve equality and experience the emotions of true happiness, the compassion and charity needed to give us the grateful humility of a kind and gentle spirit, our highest priority must be to make sure that no one has one penny less than our net worth.

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Sue Rarick
Sue Rarick
August 4, 2020

John your idea of equality is that some people work and everyone shares in the fruits of that work.

A person no matter how hard they work only gets what the laziest person gets.
Sorry but there is no incentive to do other than follow the old Soviet mantra – They pretend to pay me and I pretend to work.

Taxes are like Tithing and the more an individual makes the more they would tithe (pay taxes). There is no reason why the wealth a person accumulates necessarily needs go to family. That is a presumption not a fact.

Clarity
Clarity
Reply to  John Ellis
August 4, 2020

50% is not poor and no, 50% are not uneducated. In the US the number is 21%. Lower than the world average which was at 14% uneducated in 2015. Compare that to 200 years ago when 12% of the population was educated and could read and write. I think we are doing rather well in that regard.

Educated does not mean wealth.

Lack of education does not mean poverty.

Clarity
Clarity
Reply to  John Ellis
August 4, 2020

The above should have read: “…I, John Ellis, and 7 billion other sinners refuse to feed them” “…because I, John Ellis, personally refuse to feed them.” btw, 1 in 5 children in the US ‘struggle with hunger’, that doesn’t mean they suffer hunger, especially in the way that previously mentioned 1 billions suffers. Although no child should ever go hungry. Quick note, before you complain about my top statement, unless you spare every last dime and every last second of your time, which we know you won’t since you are here online, then yes, the above applies to You. Start… Read more »

Clarity
Clarity
August 4, 2020

86-88% of US millionaires are self-made. In most other countries the average is 80-85%. 20% of them have no college degree and only 18% have a masters degree. One in three funded their own college education without debt. 80% of millionaires are still working full time, and usually more than double or more hours of a regular work week. The top 1% of US earners pay 40% of all the taxes. Poor people below the tax threshold pay no taxes. Many of the rich people have set up and finance many of the non-for profits that help the poor. They… Read more »

Clarity
Clarity
August 4, 2020

Research conducted by Thomas Corley of Rich Habits, showed that 86 percent of wealthy people who work full time put in 50 hours or more each week at their career. Also, Corley’s research showed that millionaires often pursue multiple streams of income, with 65 percent having at least three streams, thereby diversifying their dependence on any one stream. From a Spectrem study, on a 100 point scale, millionaires rated the importance of having a regular saving program at 82, reflecting their strong belief of its importance to their wealth. Further, 67 percent of wealthy people watch less than one hour… Read more »

Johnny The Boy
Johnny The Boy
August 4, 2020

The ownership of wealth is ultimately determined by the mob.
When they arrive at the gates of your mansion 5000 strong carrying torches and machetes you and your family’s wealth will be cut to pieces and burnt to the ground.
Every other analysis is academic.

Vera Gottlieb
Vera Gottlieb
August 4, 2020

Wealth should be created through hard and honest work – not by fleecing employees and paying hunger wages. Without employees…would the CEOs do all the hard and dirty work? I doubt it.

Equal Human Rights will Solve Social Problems

“The Great Reset” – The deconstruction of capitalism