Is taking money away from the Rich to give to the poor immoral, undemocratic or anti-capitalism?
Actually, it could be the right thing to do… If "we the people" are the ones taking it away, and NOT the government.
In our actual Capitalist system, it is perfectly normal for a Corporation to offer goods for a profit. After all, they owe it to their shareholder to produce revenues resulting on gains for everyone willing to take a risk by purchasing the company stock.
We wold agree that it’s only fair for a company that goes through the trouble of setting up complex operations such as research & development, product design, testing, trials, marketing, and everything involved on delivering a product to the public in a safe and cost-effective manner, should harvest profits for a job well done.
The level of profit will probably be relative to the risk and the markets need for the goods offered.
The problem is (and there is always a problem), we are not contemplating some factors. Mainly, the government intervention or participation on the profit generation by some big private corporation.
Lots of research and development sponsored by taxpayers money has been used and is currently used now to develop products and services that are produced and then, sold to us for a profit.
What is wrong with this picture? To start, the government is giving a helping hand to a corporation through offering funding, creating policy or just providing patents on products developed specifically for national consumption (NASA, DOD, to name a few).
To top it all, some of these companies obtain greater government handouts in the form of tax brakes, federal bailouts and exemptions, all guided towards protecting corporate gains.
Government’s intervention on private corporations obtaining record profits can’t be called FREE MARKET CAPITALISM. Now days it’s almost impossible to separate Governments and Politics from Corporations and the Market.
So, who is looking up for us? We can't expect the government to take away the excess profits accrued by so-called private corporations through questionable alliances with unscrupulous politicians, willing to hand out our hard earned money to them in exchange for votes or other favors.
Will the Judicial System help us with this problem? This is the question today.
I believe there is a chance for some type of class action litigation against companies that demonstrably have abuse the system to fatten their corporate wallet and then criticize us when we complain about price hikes.
Unfortunately, money talks. In our current system, the news media is sponsored by commercials from the same corporations that hare taking advantage of this situation.
It’s not surprising to hear the constant drumbeat in the news saying; "That is how the Fee Market works", every time there is a ridiculous raise in the price gasoline, prescription drugs, milk, or other vital products or services (among others).
It is obvious that there is no free marked for Government sponsored record profits.
We must educate ourselves about the way the Government conducts its business. We must request change were change is due. We must act now.
It isn’t socialism to take money away from supper rich corporations to give to the people it belongs to. It is JUSTICE!
They are lying to us; intimidating us and making us feel guilty or unpatriotic for having these thoughts.
What would you like to do about it?
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