I am comforted by the fact that elsewhere in the world this conversation is already underway, driven by authors like Thomas Piketty who suggests: Market forces and capitalism by themselves aren't sufficient to ensure the common good and to limit the concentration of wealth at levels that are compatible with democratic ideals.
While such principles fostered the expansion of trade within the Muslim world, they limited the accumulation of wealth by the commercial elite, shaping the economic trajectory of Islamic lands in the pre-industrial era.
We should work towards limiting the influence of wealth in the democratic space.
Does the idea of a temporary cap on wholesale prices, which would limit this huge transfer of wealth from tens of millions of consumers and taxpayers to a handful of large companies, still sound like a crazy leftist idea?
But the estate tax is not about confiscating wealth for redistribution, but about encouraging spending during a wealthy individual's lifetime and limiting the intergenerational transfer of wealth.
This omission limits the wealth of data but improves the comparability between participating laboratories because it reduces bias introduced by differential case ascertainment.
There's no limit to the money accumulating at the top of New York (and other centers of wealth), no limit to the fascination it exercises over the rest of the country.
It means that if a future Welsh government wanted to raise the top rate of income tax by 2%, they'd have to raise the basic rate and lower rates by 2% as well, limiting any scope for redistribution of wealth from rich to poor.
It would mean that a future Welsh government wanting to raise the top rate of income tax by 2% would have to raise the basic rate and lower rates by 2% as well, limiting any scope for redistribution of wealth from rich to poor.
