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Spread the wealth or nearly everyone suffers.The rich also have a tendency to gamble with their disposable income once tax rates fall below a 50% marginal rate. It would seem the very rich require heavy taxation for economies to prosper and for the wages of workers to rise. When taxes for the rich are cut, workers suffer, and the economy turns into a casino.Smith was okay with the rich paying more than their share, since they got more out of society,
too bad you didn't receive an education
Spread the wealth or nearly everyone suffers.
Most corporations in China are privately owned. The government doesn't have production quotas, fixed wage floors or ceilings. China even has a stock market. What could be a better symbol of capitalism than that?1) China is communist you inconsistent pack of shit.
Here are two widely acclaimed books on the subject to get the illiterate liberals his ABC's:
"Capitalism With Chinese Characteristics"
"How China Became Capitalist"
Yup, I'm sure the Chinese Communist Party read those books....
Meanwhile...China is communist.
What part of state owned enterprises and production quotas and fixed wage floors and ceilings etc is not communist?
"Oxfam's vision is a world free from injustice and poverty. Yet today, just 80 people now own as much wealth as half the world's population, while nearly a billion people can barely afford to feed their families.No process in history has successfully spread wealth to the extent that capitalism has.
The lowest segments of society have reaped the greatest rewards in capitalism.
Yup, I'm sure the Chinese Communist Party read those books....
too stupid our subject is not whether the communist party read those books but whether anyone on earth denies that China is hugely privatizing its businesses rather than communizing them. How slow are you??
China doesn't have privatized "businesses" except in the idea that a person is leased a business from the State in order to make a profit from it.
That's like saying a "tax farmer" is the Emperor, no, he just is given the right to collect taxes on behalf of the emperor an in exchange for efficiency he can keep the rest.
China still owns ALL capital on behalf of ALL the Chinese, in China if the Communist Polit Buro does not like what you're doing with your "private" enterprise they will take it and give it to someone else.
Most corporations in China are privately owned. The government doesn't have production quotas, fixed wage floors or ceilings. China even has a stock market. What could be a better symbol of capitalism than that?
"Oxfam's vision is a world free from injustice and poverty. Yet today, just 80 people now own as much wealth as half the world's population, while nearly a billion people can barely afford to feed their families.
"And inequality is rising: the combined wealth of the richest 1 per cent will overtake that of the other 99 per cent of people next year unless the current trend is checked."
Inequality and poverty Oxfam GB
Marx was one of the greatest economists. his communist manifesto (below in cartoon form for out right wingers)
Most corporations in China are privately owned. The government doesn't have production quotas, fixed wage floors or ceilings. China even has a stock market. What could be a better symbol of capitalism than that?![]()
Clean coal?
80 people with more wealth than half of humanity makes rice and beans a luxury for the next generation of "useless eaters."100 people starving to death is a good thing.
90 people eating rice and beans with 10 people eating steak is a very bad thing.
You were the one asking for a better symbol of capitalism, remember?Did you have a point of some kind?
80 people with more wealth than half of humanity makes rice and beans a luxury for the next generation of "useless eaters."100 people starving to death is a good thing.
90 people eating rice and beans with 10 people eating steak is a very bad thing.
You were the one asking for a better symbol of capitalism, remember?Did you have a point of some kind?
![]()
^^^The cost of one billionaire smiling?
Spread the wealth or nearly everyone suffers.The rich also have a tendency to gamble with their disposable income once tax rates fall below a 50% marginal rate. It would seem the very rich require heavy taxation for economies to prosper and for the wages of workers to rise. When taxes for the rich are cut, workers suffer, and the economy turns into a casino.Smith was okay with the rich paying more than their share, since they got more out of society,
the working-day contains the full 24 hours,
"Such extreme economic inequality is threatening to undo much of the progress made over the past 20 years in making sure millions more people have food on the table, a decent education and health care.For that to be true you would have to demonstrate that the wealth of the richest 80 people was obtained by confiscating it from half of humanity. That's a trick you just can't do.
You were the one asking for a better symbol of capitalism, remember?Did you have a point of some kind?
![]()
^^^The cost of one billionaire smiling?