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<blockquote data-quote="Joe" data-source="post: 1123664" data-attributes="member: 9">Yeah but they still need a massive reform of the capitalist system [USER=1186]@Reggie_Essent[/USER] .Even wealthy Capitalists have admitted that much.Instead of doling out massive tax breaks to the billionaire class aka corporate welfare, I propose a much different approach. Tax them, raise their rates, but then incentivize tax cuts by making the rich work for them.&nbsp; ie double the tax rates but then say they can keep more or most of their money through tax credits if they use their existing pile on public works, infrastructure, education, hospitals, even venture capital funds for budding entrepreneurs. In other words public private partnerships. And this could apply to lower incomes as well whereby these earners become silent Investors and they get tax breaks by investing in similar projects.2nd thing is encourage wealth creation &amp; more billionaires but force them to cough up most of that fortune to public works projects of their choosing when they die. Reasoning people cant take the money with them when they die so it may as well benefit society. Make the wealth circulate and increase liquidity rather than trap it with too few spenders3rd thing - discourage land hoarding &amp; tax those who accumulate too much land. Hoarding encourages monopolies which are the antithesis of free market capitalism. I'd give tax free status for the 1st home &amp; vacation home. But anything beyond that gets taxed. And the more homes the higher the tax.Anyway those are just some ideas to reform capitalism as opposed to destroying it Reggie.Feel free to disagree but that's the way I see it</blockquote>

[QUOTE="Joe, post: 1123664, member: 9"] Yeah but they still need a massive reform of the capitalist system [USER=1186]@Reggie_Essent[/USER] . Even wealthy Capitalists have admitted that much. Instead of doling out massive tax breaks to the billionaire class aka corporate welfare, I propose a much different approach. Tax them, raise their rates, but then incentivize tax cuts by making the rich work for them. ie double the tax rates but then say they can keep more or most of their money through tax credits if they use their existing pile on public works, infrastructure, education, hospitals, even venture capital funds for budding entrepreneurs. In other words public private partnerships. And this could apply to lower incomes as well whereby these earners become silent Investors and they get tax breaks by investing in similar projects. 2nd thing is encourage wealth creation & more billionaires but force them to cough up most of that fortune to public works projects of their choosing when they die. Reasoning people cant take the money with them when they die so it may as well benefit society. Make the wealth circulate and increase liquidity rather than trap it with too few spenders 3rd thing - discourage land hoarding & tax those who accumulate too much land. Hoarding encourages monopolies which are the antithesis of free market capitalism. I'd give tax free status for the 1st home & vacation home. But anything beyond that gets taxed. And the more homes the higher the tax. Anyway those are just some ideas to reform capitalism as opposed to destroying it Reggie. Feel free to disagree but that's the way I see it [/QUOTE]

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