Rich have too much !!'
Nedd laws the money u dont use long time will be taken and goved to poor
Lets take and share to poor more taxes and taxes % to me im poor
Time for revolution !!!
Yeah.. they tried that in Venezuela and look at where they are right now. This strategy could have resulted in limited success a few decades ago. But nowadays it is very easy to move your assets from one country to another and to attain citizenship of smaller island nations where there is no income tax. If the government introduces confiscatory tax policies, then the rich are going to simply migrate to some other country, where the tax rules are more sane. And let's not forget what happened in France after François Hollande introduced the 75% tax for super-rich.
Venezuela is not exactly a good example. The problems in Venezuela are associated with the lack of economic diversification (oil and only oil formed the basis of the country's budget, and the fall in oil prices sharply nullified everything that was achieved, including all social programs that were quite good), plus the dimwitted Hugo Chavez with his program "Bolivarian socialism" put a fat point on the happy life of Venezuelans ....
I disagree, Venezuela is the perfect example of what happens when something like what the OP is proposing gets implemented, Venezuela did not started in the same state that it was today, it had a good economy, obviously things were not perfect but it worked as a country, then confiscatory policies were passed that either taxed the productive members of society too much or outright stole from them everything they had, for a time together with their huge oil income Venezuela seemed to be doing well, but once that money ran out they depended solely on the income they got from oil and when that went down too they got in the desperate situation they are now.
Perhaps you did not quite understand me. I wanted to say that the main reason for the collapse of Venezuela is not that there were very rich who did not want to share with the very poor. Not. This country had 2 key problems:
- an economy absolutely dependent on the oil price (this problem "hit first")
- Chavez's policy of "nationalizing" the oil industry and switching to a "socialist path" without recognizing private property and a competitive market (we are not talking about his other "oddities"). This is already the second "step" to today's problems, by this moment the economy had fallen into disrepair, and people liked the fairy tale "about national happiness" from a populist through, in fact, a ban on private business and external investment
There was no greed, there were strategic miscalculations in the economy, and "socialist idiocy" that promised "happiness to everyone." And the inhabitants of Venezuela themselves are to blame for this number. it was they who gave their votes and supported Chávez's policies. This experience is very negative and very expensive. I hope the population, having lived on $ 5 a month, will turn on their brains and next time they will think before supporting a populist liar