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Extreme Wealth is a Sickness!
by T.E.C. - Iowa
Nov 13, 2017
The quote is from economist and historian Michael Hudson (University of Missouri). The idea behind this is simple: Our society needs to limit wealth accumulation! Society has to pick the limit for wealth, just as FDR suggested a limit on income in the 1930s. I would suggest a wealth limit between $10 million and $100 million! After that, the government takes it all!

This limit is essential, not only because extreme wealth will rot a person's character, but it also damages your economy. Here is what Professor Hudson had to say about our current form of Neoliberal Capitalism. Interesting that "the ancients knew" and we don't!

(Quote)

Neoclassical price theory is based on the assumption of diminishing marginal utility: The more food, clothes, or other consumption goods one has, the less pleasure each additional unit gives. But as the ancients knew, this principle is not true of wealth, especially of money. The more property one has, the more one wants. Wealth is...See More
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