All wealth redistribution comes in the form of the equivalent of tax and welfare. However, you need to be careful. Incorrect taxation schemes can result in less wealth for you. You see, by reading this website I would suppose that youre poor or middle class wanting to skyrocket your income, right. Rich means owning a lot of money. If youre poor and would want to get rich, you need to have a lot of income. So will income tax help? No! Abolish income tax.
The Peril of Income Tax
Income tax can exaggerate wealth difference and can cause great deviation from meritocracy. Income tax can be very unfair and bad for workers.
Think of it this way. Imagine a country where you live. Say your friend Bob has an employee Ann. Bob is a rich man because he owns a lot of farm land that he uses as his recreational facility. Ann works for Bob as a farm labor. You work by productively serving the market through various means.
Bob earns his land through inheritance from his ancestors. His ancestors earn the land by massacring Indians and seizing their land. Not exactly productive means of acquiring wealth, however for all legal purposes, Bobs land is his.
The...
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