Wealth Disparity The problem with wealth disparity has nothing to do with distribution of wealth, but rather responsibility. Proportionally the wealthy pay far less towards the socioeconomic structure of society, any society than do the poor and less wealthy... Let me explain. If we are to be fair, no matter the degree of the wealth of an individual the cost relation to the socioeconomic structure of any society ought to be proportional according to the wealth of the individual. A simple easy to understand example would be calculated like so: Total Net worth; the wealth of a Nation / Society etc. is: $1,000,000,000.00 And the annual socioeconomic cost associated with it is: $10,000,000.00 Ten Million divided by One Billion = .01 or 1% (percent) The Socioeconomic Proportional Cost relation (SPC) to each individual is 1% of Net Worth. (NW) = Net Worth (SPC)Tax = Socioeconomic Proportional Cost Tax (NW) A = 1,000.00 (SPC)Tax A= $10.00 (ten dollars) (NW) B = 1,000,000.00 (SPC)Tax B = $10,000.00 (ten thousand dollar) (NW) C = 1,000,000,000.00 (SPC)Tax C = $10,000,000.00 (ten million dollars) This system could be used locally, nationally and globally and would distribute the burden proportionally and fairly across the entire wealth spectrum. It would also force investment of said wealth in relation to (SPC) in order to maintain that wealth. Those who are not able to or unwilling to accrue thru investment said wealth (SPC) would find their Net worth diminished till they achieved a sustainable level of Net worth as it relates to (SPC). This could be the sole method of taxation for the maintenance of all associated socioeconomic costs of any and all societies throughout the entire spectrum of necessary taxation; Simple, Fair and Just to all and equally shared across the entire wealth spectrum; rich and poor alike! What JUST person could complain about such a system? And we now have the technology to do it. By William de Azevedo Godinho, Feb 21, 2019 |