MikeK
Gold Member
If the Founders of this Nation were able to anticipate the kind of wealth its resources would one day be able to generate, mainly as the result of the Industrial Revolution, you may rest assured they would have included sanctions against excessive accumulation (hoarding) of wealth in the Constitution. As it was, several of those good gentlemen saw fit to denounce such accumulation even as it occurred within the relative measure of their contemporary economy:Simply put Sir, Wanting to limit another person's income is truly unAmerican.
Go find yourself another country that might be more open to your socialist leanings.
You are against everything this country represents, so you would be better off in a country more to your liking....Unfortunately I can't think of another country that would take you.
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1) The distrust of concentrated wealth was so great that, in an extreme sentiment, Ben Franklin argued "that no man ought to own more property than needed for his livelihood; the rest, by right, belonged to the state." One could not accumulate vast wealth, in the republican worldview, simply through one's own labors. In small-scale agrarian freeholder society, where laud ownership was more widely distributed among men of European ancestry, there was a "natural distribution of wealth." Farmers, artisans, and other workers reaped the "fruits of their own labor."
2) In 1776, artisans from Philadelphia put forward a provision for inclusion in the original state constitution of Pennsylvania. They advocated for a limit on the concentration of wealth. "An enormous Proportion of Property vested in a few Individuals is dangerous to the Rights, and destructive of the Common Happiness of Mankind; and therefore any free State hath a Right by its Laws to discourage the Possession of such Property."
TomPaine.com - Archives - The Very Soul Of A Republic
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James Madison had a few things to say about it as well:
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Government, Madison wrote, should discourage the unnecessary accumulation of great wealth especially unmerited fortunes derived from public patronage. Government based on republican ideals, he argued, should by the silent operation of laws work to reduce extreme wealth toward a state of mediocrity, and raise extreme indigence toward a state of comfort.
Above all, Madison wrote, government should act as an impartial umpire of the various interests that naturally compete in a free society. Madison respected the rights of property, but he understood that a moderate balance of wealth in society must be maintained. Self-government was not possible if the great mass of the people were impoverished.
Read more: Opinion: In the name of James Madison - Roger Hodge - POLITICO.com
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Your indictment of my "socialist leanings" ignores the uncharacteristically generous disposition of my kind of socialism, which allows for the accumulation of considerable wealth in the amount of twenty million dollars. While I do incline toward socialism in that I recognize and despise the inevitable effects of laissez faire capitalism, such as are emerging in our presently afflicted Economy, I am by no means a communist.
It doesn't call for academic letters in Economics to understand how hoarding of excessive amounts of the Nation's wealth resources will inevitably bring about the kind of collapse which almost happened in 2008. But because there are no Constitutional proscriptions against such hoarding I believe that for the survival of America it is necessary to impose a reasonable limit on the methodical accumulation of personal assets.
As previously mentioned in this thread, circulation of a nation's wealth resource is as essential to the health of that nation's economy as circulation of its blood is to a living organism. The hoarding of money impedes circulation, the effects of which are plainly visible today.
So unless you are among the super-rich who represent an emerging American aristocracy you obviously have been brainwashed by the kind of corporatist and plutocratic dogma as is typically put forth by the likes of such millionaire propagandists as Rush Limbaugh, Sean Hannity, Mark Levin, and Glenn Beck. Believing what these people have to say will transform you into your own worst enemy.