Not just about paying less, also about extracting maximally…
MyCatIsLenin on
Billionaires have forgotten history. Social programs were not created for fun. They were created for social stability, if you destroy that stability you will be destroyed along with everything else.
rg3930 on
Couldn’t agree more… Who is this guy ?
alpacas_anonymous on
Here’s the thing. It’s working. Not for us, but it is working.
Tliish on
First:
***There does not exist a human right to unlimited wealth accumulation.***
Period.
End of discussion.
We need to set a global limit on wealth accumulation. No individual needs or can be trusted with the power that such excessive wealth brings. The only question to be resolved is where to place the upper limit.
technocraty on
While I agree, I don’t think this change is anywhere near as simple as people assume it is. The post-WW2 era of high taxes funding robust social services isn’t something we can easily replicate, and it all comes down to **globalization.**
It is too easy for business owners to move capital around the world to avoid taxes and labour laws, and so governments are forced into a race to the bottom to keep wealth in their countries. This was the case before WW2, and it is the case now. WW2 temporarily killed globalization, which is why governments could force the rich to pay such high taxes.
As long as we have globalization (and private ownership of capital), we will always have robber barons.
6 Comments
Not just about paying less, also about extracting maximally…
Billionaires have forgotten history. Social programs were not created for fun. They were created for social stability, if you destroy that stability you will be destroyed along with everything else.
Couldn’t agree more… Who is this guy ?
Here’s the thing. It’s working. Not for us, but it is working.
First:
***There does not exist a human right to unlimited wealth accumulation.***
Period.
End of discussion.
We need to set a global limit on wealth accumulation. No individual needs or can be trusted with the power that such excessive wealth brings. The only question to be resolved is where to place the upper limit.
While I agree, I don’t think this change is anywhere near as simple as people assume it is. The post-WW2 era of high taxes funding robust social services isn’t something we can easily replicate, and it all comes down to **globalization.**
It is too easy for business owners to move capital around the world to avoid taxes and labour laws, and so governments are forced into a race to the bottom to keep wealth in their countries. This was the case before WW2, and it is the case now. WW2 temporarily killed globalization, which is why governments could force the rich to pay such high taxes.
As long as we have globalization (and private ownership of capital), we will always have robber barons.