Redistribution is Communism. You don't get it. You don't need to force companies to pay a minimum to staff, in a healthy job market there is competition for labour which drives wages up. You get to that point by making it easy for new companies to form by removing barriers to entry such as excessive regulation. Competition and lower regulation is what makes a healthy economy, taking a companies profits and a private citizens wages to be redistributed to less productive labour leads to less competition, why strive for success and work harder/more efficiently than my colleagues if I can just receive hand outs? That's how you collapse an economy, when suddenly too many people are doing that.
Okay this is nonsense. First off, redistribution is not communism, every benefit currently in force in this Country is a form of redistribution, as is the minimum wage. There is a vast swathe of ideology to the left of free market capitalism before you get to Stalinist purges.
Your example of how a magnificent free market economy will lead to prosperity for all is also completely flawed. Trickle down economics is a myth. It's a myth because it requires companies to act outside of their own self interest. In order for an unregulated free market to achieve what you outlined you need to be assured that the market will support it's workforce to a sufficient level of it's own free will. That doesn't happen. Even with the regulation we have in place now you have organisations relying on 0 hour contracts to drive down costs in order to increase profits, you have companies offshoring manufacturing to 3rd world countries because it allows them to circumvent laws designed to protect labourers and therefore reduces costs.
The fact of the matter is in the world as it stands you need a mixture of capitalism and regulation, you also need an element of socialism. The only thing that is up for debate is what the levels need to be set at. Coming into a thread like this and labelling all forms of socialist policy, and/or all forms of wealth distribution as communism is just absolute tripe.
I would prefer to see an increase in socialist policies to create an economy and a social structure that means people are able to enjoy a decent life in return for their work. I don't want to see a situation where even more of the power in society is handed to the mega rich few at the expense of everyone else.
I have a sneaking suspicion that you're going to read all of that and somehow believe that I'm advocating for the state to come in and confiscate all houses worth more than £1 mil so they can be handed out to the proletariat, but hey ho.