Is wealth in fewer hands better than "spreading the wealth around"?

[mrstickball]

kowenicki said:

Kratos_36 said:

Yea , they should spread it all around. Although , some people do have to much money. Here in Holland , taxes are very high. But we get high rewards. Our economic is very good , our roads are well maintained and the whole country is clean , crime rate is low , education is high , good care for the not-so-rich (they get enough money to rent a house , and buy enough food) , overall the people are rich compared to other country's , and the health care is one of the best in the world. So i'm not completely against taxes. 

Also , the more money you earn ,the more money you have to pay on taxes. When you earn around around a 1 million dollar a year , you have to pay almost half to taxes. Still , some very successful people manage to earn millions here. 

So the economic spread here is fine for me and most people. 

Thats not high taxation

In the UK you pay that if you earn £44k a year!!! 

40% income tax and 11% National Insurance on top, then there is VAT, then there is Local Council tax, then there is Road Tax, then there is ... etc etc 

Over £150k a year and you pay 50% plus all of the above...

I reckon my real tax rate is about 70%, fucking disgrace.

Sounds like you should move to America or a country with lower taxes :-p

 

The question is kind of moot. Does a system exist where those that do not have wealth are free to work for it? If not, then its a very bad thing for wealth being in the hands of the few (examples: African despots).

If everyone is free to become wealthy by working hard, saving smart, and spending thrifty, then wealth shouldn't be spread around. Far be it from me to take from those that work hard and are rewarded for it, to give it to those that do not deserve it.

Ultimately, a perfect society would have those that are billionares and the uber-wealthy give their monies away via charities to help those in need. Bill Gates and Warren Buffet are perfect examples. If every rich person were like them, we'd have no welfare system in the US, as those that really need help, would be taken care of. And there'd be more money to help everyone due to less taxation via welfare.