We are supposed to be a meritocracy. We are supposed to be a country that provides equal opportunity and rewards individual effort. Getting a lucky-sperm-grant is contrary to those values. We should each produce and be compensated in relation to the value and production we create.
So the government takes money and gives it to someone and you think that fits with your meritocracy argument? What exactly did the people receiving the distribution do to earn those funds? Despite what you wrote, you support a system closer to communism rather than a meritocracy.
It would benefit some people in the short term, but are you smart enough to see the negatives associated with taxation and redistribution? Your altruism sounds really sweet in theory, but we actually live in a world with incentives and constraints.
So you don't have a problem with someone earning "extreme" wealth, but you have a problem with how they spend their wealth. If they decide to give their "extreme" earned wealth to someone in their family, or the church, or a trust that benefits their cat, you want to take 55% of it away and give it to others that, curiously, also didn't earn the "extreme" wealth. Got it. Great argument.
Last edited: Apr 11, 2018