Democratic Socialism in the U.S and How to Pay for It?

[Washington Resistance Army]

Not nearly enough, clearly.

Even if you took every cent from every rich person in this country you still wouldn't have enough to pay for all of these proposals.

So what's your next brilliant idea?

Seize megacorpations and their wealth.

[Thermodolia]

Even if you took every cent from every rich person in this country you still wouldn't have enough to pay for all of these proposals.

So what's your next brilliant idea?

Seize megacorpations and their wealth.

While doing this

Even if you took every cent from every rich person in this country you still wouldn't have enough to pay for all of these proposals.

So what's your next brilliant idea?

Tax the companies that are sending jobs overseas. Lower the cost to start businesses. Lower the export tax to 0% while imports get tariffs out the window. Oh and tax those who support mass automation.

Create a Civilian Workers Force that will rebuild our infrastructure and such. They will be exempt from welfare due to the fact that the state will pay them enough for their work

[Great Minarchistan]

i.e. they simply ignored the effect of single payer on the private expenditures

I mean you're free to demonstrate that instead of just saying "iirc"

It's like 10pm right now, you're better off rechecking your source since you seem to know the Mercatus Center well enough

[Thanatttynia]

'All of his wealth was earned' lol

The problem with people like Bezos is that it is literally unethical to be a billionaire. There is a word for having this sort of money: greed. No one needs or deserves to be that rich - especially so when how they became that rich is through business practices as exploitative and unscrupulous as Amazon's.

First of all, It's not up to you to decide how much someone else "deserves". Also, since many here don't seem to understand how net worth works, I'll break it down. Bezos does not actually have 143 billion. That's the value of the stock he owns, minus any debt he has. He couldn't walk down to the bank and withdraw a billion. At least not without selling off a large number of shares. Which would cause both his NW, and the value of the stock to plummet. Economics 101 people.

First of all, no human being deserves to have anywhere near that amount of money whilst there are people starving to death in this world for want of it. I understand how net worth works but thank you for the Economics 101 lesson. Do you do Ethics 101? Bezos and his ilk might be needing some help with that one

[Kramanica]

And? If parents want to pass their wealth down to their children there isn't anything wrong with that.

I never stated it was, I was simply stating a fact about our modern world.

Though, if you to get into that, I'm also all for inheritance tax and believe that people who are rich or well off have an obligation to give and help those who aren't.

No, I don't want to go into a threadjack.

[The Republic of Fore]

All of his wealth (inb4 "muh five percent is held on cash") was earned and is currently being stashed on his own company's shares. If Amazon goes up, good for his pocket. In fact, wasn't he a $150b man a few weeks ago (implying he lost seven billion)?

Most rich people are actually born into their wealth, and it's becoming increasingly rarer for people to actually earn their wealth.

No they're not. Out of all billionaires in the united states, less than a fifth are heirs. Including none of the top 10. https://www.billionairemailinglist.com/ ... -list.html https://www.forbes.com/billionaires/lis ... ion:static

[Kramanica]

Even if you took every cent from every rich person in this country you still wouldn't have enough to pay for all of these proposals.

So what's your next brilliant idea?

Seize megacorpations and their wealth.

How could you, WRA? McCarthy would be ashamed of you.

[Washington Resistance Army]

Seize megacorpations and their wealth.

How could you, WRA? McCarthy would be ashamed of you.

t. national syndicalist

[Thermodolia]

Most rich people are actually born into their wealth, and it's becoming increasingly rarer for people to actually earn their wealth.

No they're not. Out of all billionaires in the united states, less than a fifth are heirs. Including none of the top 10. https://www.billionairemailinglist.com/ ... -list.html https://www.forbes.com/billionaires/lis ... ion:static

Still crooked as fuck.

Also like I said before if Walmart threaten to close down I’d threaten to seize the Walton family fortunes and nationalize Walmart

[Thanatttynia]

Taking more than a cent

Boooo.

Why are you so pressed about rich people getting taxed lol? They've conned most of the Western world into thinking they're just like us and that anything even approaching a fair level of taxation on them or their sinister businesses would immediately crash the economy.

[Great Minarchistan]

Because we aren’t producing any. We need to change that. Tariffs are still a net good.

Good luck watching job cuts and inflation rising, that's not to say of the financial shock coming from escalation and reduction of FDI. If you think that China will be playing with the US like a good goy then be prepared for their "two-tats-for-tit" strategy

Even if it’s not, and I don’t really trust you

No need to trust me

it still needs to go as it’s a threat to the American worker.

QED, you advocate for ending companies that you dislike

Hahahahaha. Hahahaha. Good luck with that bullshit

The machinery capital density per unit of labor has increased by approx. 300% ever since 1950 and despite this huge leap on automation there has been no evidence of a decrease on the job dependency for growth, an increase on job volatility, a decrease on the job generation caused by investment, a widening on the comparative advantage gap brought by higher educational attainment et. c

[Torrocca]

How could you, WRA? McCarthy would be ashamed of you.

t. national syndicalist

I was this close to being happy until this pro-Francoist ideology talk. >:c

[Thermodolia]

How could you, WRA? McCarthy would be ashamed of you.

t. national syndicalist

Yes!! We are multiplying

[Kramanica]

How could you, WRA? McCarthy would be ashamed of you.

t. national syndicalist

I expected better from you. Don't be like me. I failed him. ;~;

[Kramanica]

Boooo.

Why are you so pressed about rich people getting taxed lol? They've conned most of the Western world into thinking they're just like us and that anything even approaching a fair level of taxation on them or their sinister businesses would immediately crash the economy.

Because I don't believe it's the catch-all solution to our problems like you do.

[Kramanica]

t. national syndicalist

I was this close to being happy until this pro-Francoist ideology talk. >:c

When was this?

[Washington Resistance Army]

t. national syndicalist

I expected better from you. Don't be like me. I failed him. ;~;

Worry not, I don't buy into your left wing silliness

[The Republic of Fore]

First of all, It's not up to you to decide how much someone else "deserves". Also, since many here don't seem to understand how net worth works, I'll break it down. Bezos does not actually have 143 billion. That's the value of the stock he owns, minus any debt he has. He couldn't walk down to the bank and withdraw a billion. At least not without selling off a large number of shares. Which would cause both his NW, and the value of the stock to plummet. Economics 101 people.

First of all, no human being deserves to have anywhere near that amount of money whilst there are people starving to death in this world for want of it. I understand how net worth works but thank you for the Economics 101 lesson. Do you do Ethics 101? Bezos and his ilk might be needing some help with that one

First of all, that isn't his problem. Nobody owes help to anyone else. I have a new idea for a class though. Let's call it "bringing up the fact that something exists doesn't make you morally superior". Because bringing fact that suffering people exist just to have an excuse to demand someone else give you their money is the highest hypocrisy. How much have you done to help them? Why don't you give up everything you have? Many people around the world could say you don't deserve it. And before you say "but he has more". No, you're the one who demanded others hand over their wealth. So practice what you preach, or be quiet.

[Great Minarchistan]

'All of his wealth was earned' lol

Since he came out of a household with a net worth dangerously near zero, pretty much yes

The problem with people like Bezos is that it is literally unethical to be a billionaire.

TIL that if you're successful you're unethical and should proceed to be called as the scourge of the earth for creating jobs and increasing economic efficiency

There is a word for having this sort of money: greed.

Investment is to greed as being paid to do people's homework is exploitation of the less smart students, Bezos made good investments and his wealth progressed on an exponential-ish pace due to the natural effect of compound returns over capital

No one needs or deserves to be that rich

When you're an entrepreneurial genius it's quite possible yeah

especially so when how they became that rich is through business practices as exploitative and unscrupulous as Amazon's.

Amazon employs lowly skilled labor by large, which is demonstrably true by the comparatively low productivity of each worker in there. Low skills ~= low productivity = low pay, not that hard to understand

[New haven america]

First of all, no human being deserves to have anywhere near that amount of money whilst there are people starving to death in this world for want of it. I understand how net worth works but thank you for the Economics 101 lesson. Do you do Ethics 101? Bezos and his ilk might be needing some help with that one

First of all, that isn't his problem. Nobody owes help to anyone else.

Yes it is and yes they do, anyone who's increadibly well off should be required to help those in need.

[Great Minarchistan]

All of his wealth (inb4 "muh five percent is held on cash") was earned and is currently being stashed on his own company's shares. If Amazon goes up, good for his pocket. In fact, wasn't he a $150b man a few weeks ago (implying he lost seven billion)?

Most rich people are actually born into their wealth, and it's becoming increasingly rarer for people to actually earn their wealth.

Ding ding ding, the share of millionaires that became such due to inheritance fell from approx. two thirds in the 1980s to just around one third nowadays. You're getting it wrong

[Thanatttynia]

Why are you so pressed about rich people getting taxed lol? They've conned most of the Western world into thinking they're just like us and that anything even approaching a fair level of taxation on them or their sinister businesses would immediately crash the economy.

Because I don't believe it's the catch-all solution to our problems like you do.

No, I don't either. However, I think this underused source of money (rich people) could be a welcome contribution to the problem: 'democratic socialism' in the U.S. and how to pay for it.

[Torrocca]

I was this close to being happy until this pro-Francoist ideology talk. >:c

When was this?

In the 30s. :c

[The Republic of Fore]

No they're not. Out of all billionaires in the united states, less than a fifth are heirs. Including none of the top 10. https://www.billionairemailinglist.com/ ... -list.html https://www.forbes.com/billionaires/lis ... ion:static

Still crooked as fuck.

Also like I said before if Walmart threaten to close down I’d threaten to seize the Walton family fortunes and nationalize Walmart

Also like I said before good luck doing that. This is reality we live in. The united states will never nationalize anything. Nevermind the fact that the combined value of all Walmart stock would be enough to give their employees about a 2$ raise.

[Thermodolia]

Because we aren’t producing any. We need to change that. Tariffs are still a net good.

Good luck watching job cuts and inflation rising, that's not to say of the financial shock coming from escalation and reduction of FDI. If you think that China will be playing with the US like a good goy then be prepared for their "two-tats-for-tit" strategy

I don’t think that China will play nice. That’s why I’ve advocated for maximum tariffs on Chinese goods, funding of freedom fighters in Tibet, East Turkestan, and others, recognizing Taiwan as an independent nation, promoting Hong Kong independence and funding attacks within China.

I want to destroy China.

Even if it’s not, and I don’t really trust you

No need to trust me

Or the sites you link to.

it still needs to go as it’s a threat to the American worker.

QED, you advocate for ending companies that you dislike

It’s not just me not like them it’s the fact that they are definitely harmful

Hahahahaha. Hahahaha. Good luck with that bullshit

The machinery capital density per unit of labor has increased by approx. 300% ever since 1950 and despite this huge leap on automation there has been no evidence of a decrease on the job dependency for growth, an increase on job volatility, a decrease on the job generation caused by investment, a widening on the comparative advantage gap brought by higher educational attainment et. c

I’m not saying that we should go back to the 1950s. However it’s well known that mass automation will cause mass unemployment