Redistribution of wealth is the only option. This can be done by several highly effective ways, however; I argue for two specific methods, one of which is a concept we can see quickly developing as we advance in science and technology and develop a system that encourages a collaborative and socially just businesses that stands to benefit everyone in the long run.
Taxes, policy, and equalizing the playing field.
So the obvious quick fix, and morally right thing to do, is to increase the taxes on the top 10%. This will effectively take back the wealth of the people so that it could be redistributed through different methods. A few and believably most effective would be tax credits for lower and middle class or spending the money …show more content…
The threat of monopolies are is higher today than it 's been since the beginning of the industrial revolution. Monopolies are discourage competition amongst businesses,and this can lead to various drawbacks. Such as stalling process improvement which is pivotal for businesses to remain competitive on a global market. If not the businesses will lose not only their edge but they will also lose their loyal customers and maybe even employees. So it is easy to see that if a market is dominated by a single brand then that brand needs to be broken up in order to ensure fair market value and higher quality goods for the public. These are the same reasons that the big three had to be broken up in 1900’s, the industry were owned by a few and there was no room for progress to be made by anyone. The impacts were vast and a collapse would have …show more content…
It stands to make nations buckle and society suffer if it is left unchecked. The current systems of dealing with this problem are inadequate, blind or just over all asinine. Society is being asked to sit idly by and watch as the state does nothing to fix the problem and the wealthy take advantage of certain incentives awarded to them so that they may cause a dispersion of wealth. There is no oversight of this situation and some among the 10% are taking to illegal and underhanded tactics to protect the wealth that they are making. As the OECD stated this is a global problem and it 's only getting worse. We cannot continue to sit by and watch as everyday people are slowly bled dry of their livelihood while doing all of the work that takes away the very wealth that should be going into their pockets. We have nothing to fear in confronting this problem because to quote paul Mason, “ But if we are bold enough to imagine that we can save the planet, we should also imagine saving ourselves from an economic system that does not
Taxes, policy, and equalizing the playing field.
So the obvious quick fix, and morally right thing to do, is to increase the taxes on the top 10%. This will effectively take back the wealth of the people so that it could be redistributed through different methods. A few and believably most effective would be tax credits for lower and middle class or spending the money …show more content…
The threat of monopolies are is higher today than it 's been since the beginning of the industrial revolution. Monopolies are discourage competition amongst businesses,and this can lead to various drawbacks. Such as stalling process improvement which is pivotal for businesses to remain competitive on a global market. If not the businesses will lose not only their edge but they will also lose their loyal customers and maybe even employees. So it is easy to see that if a market is dominated by a single brand then that brand needs to be broken up in order to ensure fair market value and higher quality goods for the public. These are the same reasons that the big three had to be broken up in 1900’s, the industry were owned by a few and there was no room for progress to be made by anyone. The impacts were vast and a collapse would have …show more content…
It stands to make nations buckle and society suffer if it is left unchecked. The current systems of dealing with this problem are inadequate, blind or just over all asinine. Society is being asked to sit idly by and watch as the state does nothing to fix the problem and the wealthy take advantage of certain incentives awarded to them so that they may cause a dispersion of wealth. There is no oversight of this situation and some among the 10% are taking to illegal and underhanded tactics to protect the wealth that they are making. As the OECD stated this is a global problem and it 's only getting worse. We cannot continue to sit by and watch as everyday people are slowly bled dry of their livelihood while doing all of the work that takes away the very wealth that should be going into their pockets. We have nothing to fear in confronting this problem because to quote paul Mason, “ But if we are bold enough to imagine that we can save the planet, we should also imagine saving ourselves from an economic system that does not