Comment 52245

By -Hammer- (registered) | Posted November 26, 2010 at 09:22:27

The only solution is higher corporate taxation. Corporations make the marketplace inherently uncompetitive, and should be penalized with higher taxation. It's proven that trickle down effect economics simply do not work, mainly because one very rich upper class individual doesn't contribute anywhere near as much to an economy as several middle class individuals due to a mixture of hoarding cash and that their markets tend to be very exclusive ones where money doesn't change hands nearly as often.

As far as being given no incentive to succeed, for followers of Ayn Rand, your incentive to succeed if that fact that you are still rich even if you are getting penalized with higher taxation and you always have the option of lowering your income rate through charitable donations for causes you support.

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