Capitalism

Some time back I was reading a collection of essays by Ayn Rand, ‘twas titled Capitalism: The unknown ideal. I was foolhardy enough to put my status message as so on a professional networking site (LinkedIn). A friend of mine commented on that saying –

let me know how to ameliorate the fact that capitalism is pro-incumbent. Also how do we bridge the rich poor divide..Raising taxes for the rich?

Then started a slew of replies, back and forth. I did not understand why do we have to bridge the rich and poor divide. I soon put the issue to rest and went ahead with my day-to-day life … until yesterday, when a chance discussion with Amol led us back to this issue.

I do not see why do we, as a society have to strive for collective equality (why else would you want to reduce the rich-poor divide?). Amol said, that it is not fair, that some people should have a good life while others do not even have basic amenities. I agree, its not fair. But such is life! How can there not be a divide, if there were no difference between people, then there would have been no difference between you and me. So where would your individualism go? People can’t be equal, they have to be TREATED equally. There is a difference.

I agree, that the country needs infrastructure boosts … so much so that it should support the basic needs of all. But to expect that the rich feel for the poor and give willingly, naaah … I have no such feelings.

On a light note, let me paint a picture for you of what would happen if all people were equal, here’s a song by Groove Armada, check the video out – If Everybody Looked the same.

  • aina

    I agree about how people need to be TREATED equally and not made equals.
    Two ways to treat rich and poor equally –
    1] No matter what you make you pay 10 (or 15 or whatever number you want) percent of your income in taxes. Why this? Because last year 45% of US population DID NOT pay taxes to Uncle Sam. Is this fair?
    2] Get rid of income taxes and charge a national sales tax. The more you buy, the more you pay this tax.