Capitalism exists to oppress the bottom and protect the top - change my mind

[dudmuck]

For any and all of the flaws of Capitalism- including its unintended consequences - at its core, Capitalism remains the best system. Why else do immigrants from oppressive states and failed middle classes come to America? There may exist a disparity of wages but there also exists the greatest economic opportunity. Change that fact.

 

[Ray From Cleveland]

half our population pays no income tax at all?
Everyone pays into social security.
everyone pays state income tax, if the state has it.
everyone pays state sales tax.
everyone pays into medicare.

And not everybody knows what actual income tax is, you being one of those people.

 

[bendog]

We are in a current situation where the workers at the bottom cannot get a raise of share in the economy without those in power taking it back from them.

• The rising wages at the bottom are seen as an evil trend destabilizing the economy
• Company profit margins being higher than ever (basically rising wages at the top) is seen as economically healthy and good
• Companies have raised prices to protect profit margins to historical highs during supply issues taking advantage of shortages in the marketplace is seen as good
• The Uber wealthy continue to accumulate wealth in tough pandemic times and good times (pre and post pandemic) and no one cares
• The answer from those in power will be to raise interest rates, slow the economy to create unemployment hurting the bottom, again
• Tax rates on workers and capital continue to favor capital owners
• Unrealized wealth is only accumulated by the top - hell wealth is only accumulated at the top where top 10% own 89% of the wealth
• CEOs are making a historical multiplier over their workers salary, north of 270X’s

***Mod Comment - Need to provide links to back up statements made as facts. That's in the forum rules.***

I owe my livelihood to capitalism and make top 1% money but it is the systemic exploitation of the bottom through very powerful controls of capital at the top. There needs to be a more balanced playing field.

How can people who work with their way through life get the same breaks as those who own their way through life? No one wants to take shit away… they want a fair shake.

View attachment 656573

First, my understanding of the "rules" is one only needs a link when they post that something/the-thread-subject is fact. That leads to questionable actions when the link is actually to an op ed. Anyway, it seems to me your post states your opinion, and NOT a fact.

There's no arguable debate to counter the "fact" that in capitalism one entity, or a trust of entities, ends up with all the marbles. Monopoly is an educational game. But at least in theory, we still have regulations. Though whether they survive the new RW theorcrat supreme court ... we'll see.

Under current Fed practice, the only reason to raise rates is inflation. But inflation itself makes wages worth less. So, I don't understand your complaint about rising rates hurting workers. Inflation is much more destructive for them, because rates can, and will be, lowered when inflation abates. The progressives actually caused this inflation by "giving" money to workers with deficit dollars, and the effect was/is a lot of dollars in consumer's hands and not enough production.

The alternative, and non-inflationary means to benefit workers is simply to elect a congress that will expand obamacare and college/work training tuition and retirement by taxing the people who own the hospitals and doc offices and who employ workers. But the dem House was unable to raise any taxes even while Manchin supported it. So, imo AOC should sit the f down and work to elect actual center left congresspeople who will actually get something positive done.

 

[marvin martian]

Name a better system? I fully support helping the poor and taxing the rich more to pay for improvements in society.

No you don't. You want OTHER people to pay more to "help" the poor, and leave you alone.

 

[Ray From Cleveland]

First, my understanding of the "rules" is one only needs a link when they post that something/the-thread-subject is fact. That leads to questionable actions when the link is actually to an op ed. Anyway, it seems to me your post states your opinion, and NOT a fact.

There's no arguable debate to counter the "fact" that in capitalism one entity, or a trust of entities, ends up with all the marbles. Monopoly is an educational game. But at least in theory, we still have regulations. Though whether they survive the new RW theorcrat supreme court ... we'll see.

Under current Fed practice, the only reason to raise rates is inflation. But inflation itself makes wages worth less. So, I don't understand your complaint about rising rates hurting workers. Inflation is much more destructive for them, because rates can, and will be, lowered when inflation abates. The progressives actually caused this inflation by "giving" money to workers with deficit dollars, and the effect was/is a lot of dollars in consumer's hands and not enough production.

The alternative, and non-inflationary means to benefit workers is simply to elect a congress that will expand obamacare and college/work training tuition and retirement by taxing the people who own the hospitals and doc offices and who employ workers. But the dem House was unable to raise any taxes even while Manchin supported it. So, imo AOC should sit the f down and work to elect actual center left congresspeople who will actually get something positive done.

Good luck with that one. Who is to the left of AOC for crying out loud?

The Democrat party has been moving more and more to the left as the years went on. Don't expect them to stop yet alone move in the opposite direction.

 

[dudmuck]

And not everybody knows what actual income tax is, you being one of those people.

you could explain it to us.

 

[LeftofLeft]

Increased regulation impacts prices on any industry as well.

 

[evenflow1969]

We are in a current situation where the workers at the bottom cannot get a raise of share in the economy without those in power taking it back from them.

• The rising wages at the bottom are seen as an evil trend destabilizing the economy
• Company profit margins being higher than ever (basically rising wages at the top) is seen as economically healthy and good
• Companies have raised prices to protect profit margins to historical highs during supply issues taking advantage of shortages in the marketplace is seen as good
• The Uber wealthy continue to accumulate wealth in tough pandemic times and good times (pre and post pandemic) and no one cares
• The answer from those in power will be to raise interest rates, slow the economy to create unemployment hurting the bottom, again
• Tax rates on workers and capital continue to favor capital owners
• Unrealized wealth is only accumulated by the top - hell wealth is only accumulated at the top where top 10% own 89% of the wealth
• CEOs are making a historical multiplier over their workers salary, north of 270X’s

***Mod Comment - Need to provide links to back up statements made as facts. That's in the forum rules.***

I owe my livelihood to capitalism and make top 1% money but it is the systemic exploitation of the bottom through very powerful controls of capital at the top. There needs to be a more balanced playing field.

How can people who work with their way through life get the same breaks as those who own their way through life? No one wants to take shit away… they want a fair shake.

View attachment 656573

Lol, capitalism is supposed to be a free market economy. We don't have a free market economy. There is no competition. Every industry is divided up into four major companies. They use money and influence to right rules that keep it that way. We have anti monopoly laws that are not in forced. Until those laws are in forced we are fucked. No other issue really matters until there is acu competition. He'll the stupid ass Ohio voters voted for a constitutional monopoly on casinos. And then watched as the state did the same thing on weed growers. No public out cry. The entire United States watched as the patriot act gave away our right to no unreasonable search. No public out cry. Asset forfeiture gave away our right to no unreasonable seizure. No public out cry. This place is a joke.

 

[The Sage of Main Street]

There are other threads you can go to go for partisan name calling. You said you made it to the middle class. That’s not a great spot to be in compared to history.

The research also finds low numbers when examining the mean and median financial assets owned.

• For middle class Millennial households in 2019, the mean financial assets owned were $17,802, and the median was $7,800.
• Middle class Generation X households had mean financial assets of $62,944, and median financial assets of $39,000 in 2019.
• For middle class Baby Boomers, the mean amount of financials assets held was $93,298 in 2019, while the median was only $51,700.

Middle Class U.S. Households Have Few Financial Assets - National Institute on Retirement Security

Across Generations, U.S. Middle Class Households Have Few Financial Assets, According to New Analysis from the National Institute on Retirement Security Lack of Assets Will Mean Retirement Insecurity for Middle Class Families WASHINGTON, D.C., October 14, 2021 – A new analysis finds that across...

www.nirsonline.org

Decade After Decadent Decade, Generation After Degenerate Generation

The slow slide into the pit has been caused by the fact that the heiristocrats who control all this have become more and more parasitic as time goes by. Affluenza is a progressive disease.

 

[kaz]

It doesn't exist to oppress the bottom; that's just what happens.

Capitalism doesn't oppress the bottom, Democrats do that ...

 

[Mr Natural]

Capitalism doesn't oppress the bottom, Democrats do that ...

Yes, Democrats are responsible for every bad thing that has ever happened.

Republicans, on the other hand, are perfect.

 

[kaz]

Yes, Democrats are responsible for every bad thing that has ever happened.

Republicans, on the other hand, are perfect.

Don't quick your day job, Dopie. Wow ...

 

[Mr Natural]

Don't quick your day job, Dopie. Wow ...

Why would I quick my day job?

 

[kaz]

Why would I quick my day job?

LOL, clutching a spell check like a pearl. It's all you have, LOL

 

[The Sage of Main Street]

Closer than now but even then the rich got whatever they wanted by whatever means necessary.

Necrocracy

The Plutes want to control things even after death. That's why they instituted inheritance, which appears in no other activity. As Thomas Paine wrote in The Rights of Man "It's as ridiculous as an hereditary poet laureate."

 

[Mr Natural]

LOL, clutching a spell check like a pearl. It's all you have, LOL

Only dumb fucks make spelling errors.

 

[Ray From Cleveland]

Lol, capitalism is supposed to be a free market economy. We don't have a free market economy. There is no competition. Every industry is divided up into four major companies. They use money and influence to right rules that keep it that way. We have anti monopoly laws that are not in forced. Until those laws are in forced we are fucked. No other issue really matters until there is acu competition. He'll the stupid ass Ohio voters voted for a constitutional monopoly on casinos. And then watched as the state did the same thing on weed growers. No public out cry. The entire United States watched as the patriot act gave away our right to no unreasonable search. No public out cry. Asset forfeiture gave away our right to no unreasonable seizure. No public out cry. This place is a joke.

I think you meant enforced, not "in forced."

Perhaps the problem is we have voters who don't know WTF they're voting on. During the DumBama administration not only did they spy on Trumnp and his crew, but used lies to get the FISA warrants to do so. They paid Steel who used their money to buy phony foreign intelligence from Russia to rig the election which is totally illegal, and nobody even got a fine over it yet alone prosecuted or imprisoned. Hunter? Currently selling his finger paintings for up to a half-million dollars, and all buyers are anonymous. He could be selling them to the Chinese Communist party, and nobody will even look into it.

While our economy is headed for a brick wall, inflation at a 40 year high, interest rates the highest in 13 years, the border problem the worst in over 20 years, gasoline the highest it's ever been in our history, the Democrats are conducting a stage show to the point they hired an ex ABC executive to make sure the show looks good for the people. That's what they are wasting their time and our money on. Watch how many people will still vote for them in November.

 

[The Sage of Main Street]

I have a lot of wealth. I pay very little taxes on my equity growth. Much I’ll defer til I retire and draw out at some paltry rate.

You only tax growth and profit once. That’s a BS line from the 80s debunked. Wake up. You get taxed at a discount on capital growth related to labor rates.

Abolish Inherited Stock and Send It Back to the Corporation, Even to Its Employees

Even worse, heirs pay only on the capital gains from the time Dead Daddy gave them the stock, not on the gains from the time Daddy bought it.

 

[WEATHER53]

Ways to get ahead.
1). Live at home with your parents as you work and save.
2). Do not get married. Keep working keep saving.
3). If you do get married don't have kids.

If more and more young people take this advice they will get ahead. Less debt. The country advances.

Would say mostly bad advice
1. Living with mommy and daddy has produced a generation of unmotivatedes who can’t take care of themself.
2. Marriage is fine for the emotionally and mentally sound . Saving is for dummies, investing Isnt
3. Children are wonderful

All of you directions match to a 35 year old who is still living at home

 

[Big Bend Texas]

We are in a current situation where the workers at the bottom cannot get a raise of share in the economy without those in power taking it back from them.

• The rising wages at the bottom are seen as an evil trend destabilizing the economy
• Company profit margins being higher than ever (basically rising wages at the top) is seen as economically healthy and good
• Companies have raised prices to protect profit margins to historical highs during supply issues taking advantage of shortages in the marketplace is seen as good
• The Uber wealthy continue to accumulate wealth in tough pandemic times and good times (pre and post pandemic) and no one cares
• The answer from those in power will be to raise interest rates, slow the economy to create unemployment hurting the bottom, again
• Tax rates on workers and capital continue to favor capital owners
• Unrealized wealth is only accumulated by the top - hell wealth is only accumulated at the top where top 10% own 89% of the wealth
• CEOs are making a historical multiplier over their workers salary, north of 270X’s

***Mod Comment - Need to provide links to back up statements made as facts. That's in the forum rules.***

I owe my livelihood to capitalism and make top 1% money but it is the systemic exploitation of the bottom through very powerful controls of capital at the top. There needs to be a more balanced playing field.

How can people who work with their way through life get the same breaks as those who own their way through life? No one wants to take shit away… they want a fair shake.

View attachment 656573

Capitalism in this country has allowed more people to come from absolutely nothing to rise into the middle class and beyond than any system in the history of the earth.

You stake out a piece of land and put a few cows on it. For two generations you used your profits to buy more and more land so you can raising more and more cows.

By the second generation you have made it into the middle class.

One day, someone says, "Hey, I think there may be oil on your land, how about you let me drill an oil well on it and if we find oil we split the proceeds fifty fifty".

You are successful so he drills a few dozen more wells.

Now you never have to worry about having to sell off your herd in the next drought for pennies on the dollar rather than watching them starve to death or going so deeply into debt to buy over priced hay to hang on to them.

By the end of gen 3 you have amassed more wealth than the nest three generations can spend.

Take a look at the four original guys working in a garage who invented the first practical personal computer? They were living on Ramen noodles and cheap hotdogs.

All four got insanely wealthy and one will die as the wealthiest man to ever have lived.

That kind of success has never been possible in any other country.