https://www.credit-suisse.com/about-...th-report.html

I was talking income. And my point was that I generate a lot more wealth for my employer, just as the fast food worker does, and thus the corporate cartels can pay much higher salaries.

Ancillary point was that taxes, health care, and rent are way too high.

Too bad he didn’t pick up on the ‘freedom to vote the way you want’ vibe.

You seem to speak as if poor people or low middle class are paying lot of tax…..

It’s rather the contrary.
They benefit from tax since they pay lower than what they receive in exchange .
The rich shouldn’t care anymore about tax for the last 20 years .
They get bail out by the fed every time .
That is why they pay tax for mainly anymore …

It’s kinda hilarious you still think tax are a problem when they are at the lowest since before ww2 (corporate and high income ) and you got crazy bubble in the financial market never sen before !

What you think it’s a bubble if it’s not too much allocated capital in an asset ?
You really thing tax matter anymore with so many gigantic bubble in financial assets while the lack of capital in the real economy is killing it little by little ?

Your discourse is as out of dated as much as the Old Testament …

Because the rich can side step the government tax but not inflation.
Instead of fighting inflation , government should help those that inflation hurts the most and do nothing for those that even with high inflation , they aren’t affected by it much .

Hence UBI seem great for that and keep free market alive by not imposing minimum wages .

+1

Are you miserable?

For communists it’s a requirement to be miserable.

I understand that you are on the spectrum and dont understand themes and conveyance.

To be explicit, I am not miserable (well sometimes but arent we all) but I am a few months away from it if I lost my job or something catastrophic happened and I am comparatively very well compensated.

so while I am in the 1% or 5% or whatever, you can be sure that much of the world is struggling.

and that is by design. bc capitalism destroys wealth and resources and creates an subsistence underclass to be exploited so that a few at the top can amass insane fortunes.

you should be against that. but you have been indoctrinated since birth and are now set in your ways. and tbf, it took me awhile to change.

Imo there is different degrees of capitalism like there is degrees in socialism economy …..

Capitalism is still the best foundation yet human as found to exchange goods and prosper .
The problem of capitalism today is that isn’t capitalism anymore or in another word , it’s cronyism capitalism .

Any extremes in any field are bad , regardless if it is communism , capitalism , socialism , etc .

At its base capitalism is great , just need a bit of framing to make sure capitalism isn’t just profitable for just a few but for the majority of people .

Crony capitalism is capitalism. The pursuit of profit and accumulation of wealth will always create this situation.

No !
Like I do not call socialism-> communism like republicans love to do …

https://en.wikipedia.org/wiki/Plantation_Covenant
My hunch is Lagtight is probably fine with that sort of communism but stops short of putting guns to heads to get people to care and share more.

Well said!

Your hunch is quite correct. I would prefer to call the Plantation Covenant communalism instead of communism, since communalism is voluntary, while communism is not.

so everyone wins?




clearly everyone does not win, since to pay A we must rob B, but also because there is a substantial transaction cost to fund the bureaucracy that robs B to pay A. Instead, you have different classes, net tax payers, and net tax consumers. The whole point of the state is that some can live parasitically off others, because creating wealth is hard and it is much easier to simply steal what someone else has created.

A fun fact, the origin of the class war theory was not Marxoid in nature. Actually, the theory was first put forth by two French libertarian theorists, Charles Compte and Charles Dunyoer. They correctly identified that it is not the rich vs poor, but rather those who benefit from state largess vs those who are forced to bear the cost.

We are talking about economics right ?
What productive is it to the economy to have all time high in bonds, stocks and real estate ?
What does that bring positively to the bottom 70% of the population ?

And like I said ….
How can you say the rich loses money by paying tax when those tax are used to bail them out on Wall Street ?
Are you serious ?

Who you think profits the most for the protection of the US military for his foreign and domestic assets ?
The poor guy at 8$ an hour owning nothing ?

But one of the reason mathematically it’s working with higher tax for the rich to help the most needed it’s because money is not a linear value .
It changes , by a lot .
It got massive diminishing return .

1$ for an homeless is incredibly more valuable to him than to a billionaire, even tho it’s the same dollar .

It ain’t about pure nominal value in economics .

Tax ain’t stealing from the rich .
Tax bring a better , more balance and SAFE society for those that are privilege .
It is in their best interest to have a peaceful society .
That too has value, safety isn’t a free entitlement, it cost money to provide -> tax !

Paying tax to provide a society to maximize equal opportunity to succeed for everyone , to a certain degree of course, is massively ev for a society and it’s economy .

PokerGamble,

Does your profession, coaching poker players to win money playing poker, fall in the ‘wealth creation’ category or the ‘parasite’ category? It’s a very interesting profession to choose for someone with your views. You’re the bureaucracy in your understanding of the world, you’re the money lost in the transfer between the rec and the pro.

Oh good. Another taxation is theft zealot. This always ends well.

I got my motor vehicle excise tax bill today so I may be more open to persuasion than usual