Retrieved from https://studentshare.org/sociology/1442568-analyze-buffetyies-position-from-the-perspectives
https://studentshare.org/sociology/1442568-analyze-buffetyies-position-from-the-perspectives.
Buffet argues that equality and redistribution of societal resources is among the main reasons why governments exist in the first place. Imposing higher tax burdens on the rich will surely go along way in fostering social equality. . Marx’s Perspective Buffets position on social equality measures alludes to Marx's theories concerning the society, politics, and economics where the rich are taxed more leniently as opposed to the poor. The theory holds that societies seem to progress through class and dialectic struggle with governments not doing much to bring about equality through machineries such as taxation.
Social inequality is evident between classes of citizens owning and controlling production that according to Buffet are taxed more leniently and a lower class that gives labor despite imposition of heavy tax burdens. The theory is heavily critical to the capitalism form of society where production owners seem to dictate the society for selfish gains irrespective of the lower class suffering (Evans, 1975, p. 78). Insignificant taxation of the rich not only widens the gap between social classes but also increasing class conflicts with regards to manipulation of wealth by the rich to create more wealth while the poor are continually taxed.
The government has evidently failed to get the point behind taxation and redistribution of wealth among members of society. This is predicted to inevitably bring about internal tensions in the society, which would lead to self-destruction if opinions such as Buffet’s are not put into consideration. Warren Buffet argues that this is the sole reason why the government should act before the foreseen self-destruction becomes a reality. If only the government can put in place necessary legislative measures to tax the rich more than the lower and middle class citizens, the society would be a better place for all.
Arguments against the ever-growing inequality societies call for destruction of societal systems that promote the vice and its replacement with more friendly systems such as communism. However, Warren Buffet argues that inequality solutions need not go to such extreme extent and only needs to be solved by taxing the rich individuals more. More so, the middle and lower class individuals should be taxed less and the rich to be taxed more if inequality trends are to be reversed. Marx argues that societies should be governed by the working class rather than the few wealthy individuals who care less about the less privileged.
According to the Marxist, the capitalists inequality pressures would definitely force out the system to be replaced by a classless system where all get equal right and eventually communism would come in as the ideal system against capitalism. These trends are evident with revolutionary socialist governments that embraced the Marxist concepts taking power in a number of countries. Such revolutionary movements in line with the Marxists inequality trends include the Soviet Union. Weber’s Perspective The American society is characterized by socio-economic differences among its citizens in which Weber’s theory alludes to it in macro-sociological perspectives where dimensions include cultural, social, political, and economic.
Citizen’s economic status propagated by the government’s taxation system is basically the main determinant to the class and
...Download file to see next pages Read More