T. A. Gardner
Serial Thread Killer
NOT "FAIR." STOP MAKING THAT MISTAKE, because it changes everything about the issue.
If you insist on bringing that thought to the discussion, at least be reasonable enough to use the words, "Make it fairER." Even that still would be wrong, but not nearly as wrong. I think most people here in America are smart enough to understand that the economy will NEVER BE FAIR. But it certainly can, by dint of government regulation, be fairer...at least fairer than having the top 1% of the population owning one third of the total wealth of the nation...while some people starve; go without adequate shelter; and have inadequate healthcare. It certainly can be FAIRER than having the top 10% of the nation owning TWO THIRDS of the total wealth of the nation...while some people starvel; go without adequate shelter; and have inadequate healthcare.
Your wealth redistribution scheme won't work. Making a market "fair(er)" or otherwise trying to make sure wealth is distributed equally among all participants requires the participant's willing cooperation.
First, you need a market or economy where all participants are relatively equal in terms of ability to produce and operate within it. If, instead, what you have is a cross-section of humanity with morons and geniuses, lazy and energetic, and everything in-between, then you will never get to anything approaching "fair," at least in terms of end results. In such a society, even if the playing field is completely level, those that are smarter and more energetic will outperform those that aren't.
Government regulation, contrary to your view, is usually a source of unfairness rather than making things more equal. For example, if I came up with a completely new product, invention, or system that was in great demand but unregulated by government because government didn't know it could even exist, I'll get filthy rich selling it to everyone--at least until the government steps in and starts regulating that market. Then my profits will diminish because I'm spending to meet those regulations. I might even go to government and ask for regulations--lots of them. I would do that to prevent competition. I'm already established in this market so the regulations simply mean for me, paying the costs to meet them while my product is still selling well. Potential competitors are faced with very high startup costs, so they have difficulty entering the established market.
The system could be called "fair" in the sense that the regulations apply equally to everyone, but in reality, I'm already set in a position where I can afford them while for others wanting to enter the market, they are too expensive and high a hurdle to allow them in. So, they are actually unfair in practice.
Also, by world standards, the "Poor" in America are actually quite well off compared to the Poor in most other nations. People in America rarely are starving. They might be hungry and like more food, but they aren't starving. Adequate shelter and healthcare are arguable as to what constitutes that.
Wealth redistribution, at best, is temporary. At worst, it's simple robbery.