I am late to this thread. Tough to catch up. Some questions:
1. Do you think the 10 commandments are moral? If so, how do you feel about your proposal blatently violating two of them?
2. If your dream redistribution can be shown to throw an economy into a state of chaos, resulting in horrible starvation and suffering, would you feel you still have the moral high ground?
MeanMrMustard, Thank you for taking the trouble to catch up. But you will have to humour me. 1. Which commandments would they be? 2. How might that chaos, starvation and suffering arise out of what I propose?
The free market. A real one. No minimum wage, no price fixing (setting interest rates), no massive money printing. And no theft. Minimum government to insure private property rights, and not much else.
Believe me, I am not ideologically opposed to the free-market. Indeed, I think when it's fundamental requirements are met (eg; commodities are identical and replacable; many suppliers, none large enough to fix the price; many consumers, all acting rationally with perfect knowledge of the market, mobility of capital, labour and consumers, etc) then I think it works reasonably well.
But in many markets, that is not what we have, and therefore we see this concentration of more and more of total world wealth into the hands of fewer and fewer people. And I think that is not good for the world, or for the people in it.
Best wishes, 2RM.