I am talking about equalizing income but not so equal that the real productive people earn little more than those who must be lead by the nose.
Capitalism would be defined as making (not earning) money with money by investment in which you do not have access to enjoy your money for a period or by higher interest due to risk of loosing your earnings or savings from working or inheritance.
You would still be able to "make" as many billions of dollars as you wish but here is the limiter...
You have all heard the line "You can't take it with you". Well the very simple Law or Amendment needed would basically state that "You can't give it away either".
In other words there would not be as many "silver spoon" rich kids after Daddy dies. Actually there would still be silver spoons because (tentative number) a $20,000,000 inheritance is huge. However it is small enough that the kids would have to work and think to retain the buying power in spite of inflation.
Now I have chosen a working number of 1 billion dollars net worth ($1,000,000,000) for the law to take effect on your Last Will and Testament.
About 80% of the billion or billions would be taxed or taken back by the Country that made it possible for Daddy to get rich and protected his wealth with blood.
Here is where it gets complicated. There would be a Death Tax form (not applicable to farmers who do not have a billion anyway) with 100 more or less questions easily worded.
One question would ask which children are in management of any business or in training to manage a business owned by Daddy.
The maximum in cash, gold or other negotiable s that one heir could receive would be that $20 million. However he or she could also receive stock (only in Daddy's corporation) enough to retain controlling interest and the Chairmanship (Daddy's Will would decide which heir becomes the Chairman and which the CEO)
Also the family as a whole could inherit up to 2 homes or estates (one for winter and one for summer weather). It would not matter if the home(s) were worth 1 million or 100 million the family would pick the 2 that meant "Home Sweet Home" to them. However if they ever sold that estate well maybe it was not really "Home Sweet Home" so money from the sale would be taxed at 90% so their next home would be bought with what remained. That could be a home worth $100,000 to $10 million depending on the family's common sense and not that of poor dead Daddy.
I am not going to get into details like yachts and cars for as yet Donald Trump has not said "Hello" to me except in emails asking for campaign money. I will not waste my time without pay until I discuss this issues with him and gain some business expertise from him.
So what would the Federal Government do with $800,000,000 out of every billions in all the Wills of the Super rich?
No Congress would not touch it. It would be in the control of the Executive Branch. The National Debt and how far in the Red Medicare and Social Security are are known numbers and only require one man to sign the checks to pay off Debt and fund our old age services again (which Congress stole from).
A side benefit is a second anchor on inflation (the first anchor is a Maximum wage as mentioned at https://platform-burlison-2012.blogspot.com )
Think about it. The Chairman is NOT going to allow the corporate President to earn more than he does and so on down the line to the receptionist and janitor. An Amendment will fix the start of massive inheritance tax at 1 billion dollars forever even until a hamburger costs $250,000 if businessmen ALLOW inflation to go on by simply raising retail prices to compensate.
To me Gold is NOT more REAL than paper for proof of your ownership of gold is on paper and your businesses survive under contracts on paper. A Dollar Bill is a bill to be paid in either goods or labor. It is a Contract with our forefathers to give them the same amount of work when they give that dollar to you in their old age as the work they put in to earn it when they were younger. IN FACT the old should get even more return on their dollar. When they say built houses they used a hand drill. They came electric drills and saws. Now these run on rechargeable battery packs so there are not electric power cords to watch out for and move when the task changes. Also computer aided design yields much nicer homes with the same amount of materials. As it is today however (just a rough guess) it takes 1/3 to man hours to build a home but the same home costs 10 times as much. Thus if you are just entering the work force think of the paperwork and manpower needed to assure that the $50 per week you are saving will keep you in $20.00 hamburgers thru your entire retirement.
YES I KNOW THE FEDERAL RESERVE WILL JUST PRINT MORE MONEY BUT I AM NOT A BUSINESSMAN. I CAN UNDERSTAND HOW THE FEDERAL GOVERNMENT COULD MAINTAIN THE MILITARY, HIGHWAYS, MEDICARE, SOCIAL SECURITY & WELFARE, BUT I HAVE NO IDEA HOW THAT EXTRA PRINTED MONEY GETS INTO CIVILIAN CORPORATIONS SO THAT THE CAN GIVE YOU A COST OF LIVING INCREASE.
I must go now. My friend and I are going hunting for a big buck like this one...
I did not wish to make this public for if it were know that President Trump intended to enact my ideas it would endanger his life MORE than it is now for he would have MANY RICH ENEMIES. Yes Trump has more that a simple billionaire, but George Soros has more. The combination of all billionaires could hire "Murder Incorporated" and a mercenary force enough to overwhelm the Secret Service which is not all concentrated at the White House like the mercenaries would be. It would be over and the Evil mercenaries would be gone before the 15 or 20 minutes required for the Army to arrive at the White House.
I cannot help it. I have burned my eyes on this computer maybe 40 times with Twitter tweet to Donald, his huge campaign staff, his wife & daughter in order to offload Donald's heavy burdens, attempts to reply to his and his family's email in my inbox and I resorted to the Secret Service to hand a 2.5 x 8.5 inch 4 line introductory note to Trump before he picked VP Pence as running mate (Pence is better or healthier)
I got NOT ONE WORD OF REPLY OR HOPE.
So here I have blurted out the plan which would put President Trump in the history books beside George Washington who refused to be King if Donald enacted this. It would be especially true for him because he would be taxing his own billions and his own children's inheritances. If you calculated the tax dollars saved by Donald working for free it amounts to a couple of pennies per taxpayer. However I think each American man, woman and baby owes about $58,000 to the National Debt and taking a big bite out of that would be felt by all.
I know you may consider other factors as I am but I do not want to write a book here.
Oh, you have all heard it said " I want my children to have it better than I did".
Well that really applied during the Great Depression and also in World War Two and Vietnam when there was a draft instead of a voluntary force.
Then it was a valid statement across the board, but today they have personal computers more powerful than the IBM 360 the whole college time shared when I was studying.