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throwwyacc@lemmy.world 6 months agoSorry what’s your alternative? I’m guessing communism?
In that system how do you efficiently allocate capital? Do you use a command economy?
I’m not deifying anything, it just seems that capitalism is the most efficient economic system we can come up with. And combined with regulation seems to produce pretty good results, see most of the better parts of Europe for example
Sorry what’s your alternative? I’m guessing communism?
capitalism is the most efficient economic system we can come up with
“Everything I don’t like is communism.” There’s always one of you morons in every thread. I’m sure this comment will change everyone’s mind.
By all means suggest something else. It feels like 90% of the time people that are anti capitalism either suggest communism or don’t understand that they just want capitalism with tighter regulation What’s your suggestion?
jantin@lemmy.world 6 months ago
A system which stores vast percentage of capital inert in the hands of a few entitled parasitic rapists is not “efficient”.
throwwyacc@lemmy.world 6 months ago
Do you want to maybe suggest something practical? I’m not particularly interested in the relentless “capitalists are evil” meme. I am interested in hearing about alternatives with merit Also inert? Are these people really sitting on cash? Or are they investing in various parts of the economy?
jantin@lemmy.world 5 months ago
t a x t h e r i c h At, say, 90% above 2m earnings and also bring in a generous estate tax - one which would trigger above some large value, say 10m$ so that a lucky rando with a house isn’t hit, but someone with 9 digit net worth is.
And yes, they do sit on a ton of this cash. Buying yachts, flipping artworks and building bunkers in New Zealand aren’t exactly productive investments. And yes, a large amount gets invested here and there but it would still be better to deconcentrate this.
throwwyacc@lemmy.world 5 months ago
You want to tax existing assets? How on earth is that supposed to work? You just make people liquidate assets to pay a tax? The idea of taxing an unrealised gain is ridiculous
For the record he is paying 200M in tax on that income. Though I agree 20% is probably too low here, that’s up to your govt to fix and isn’t a failure of capitalism but of the specific implementation