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Wealth Tax: Yeah! Why do Warren Buffett and Bill gates need so much money in their Trust?

Toddsterpatriot

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Meaningless.

Instead of whining that you don't earn enough get off your ass and improve your own economic position
word-image-5.png

If you can't see the difficulties young people face today when trying to improve their economic circumstances compared to forty years ago, you're blind.

Capitalism Versus Economic Democracy, Minimum Wage Edition - CounterPunch.org

"The labor market that emerged after NAFTA was passed had an embedded bias toward the interests of capital and away from the interests of labor.

"In market terms, it was a rigged market.

"Secondly, as economist Dean Baker has detailed, some jobs, professions and industries remain protected while workers in others were left to ‘compete’ with low-wage labor internationally. This impacted both the level of wages and the employment mix.

"Workers in protected industries benefited relative to those cast aside.

"The premise that markets determine wages begs the question of what determines markets?"


EPI-whiney twats.
Counterpunch-commie twats.
 

dblack

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If I trade item X for Item Y which has more value to me and you trade Item Y for item X which has more value to you then obviously there.... wait....
What does that scenario have to do with capitalism?
Are you playing dumb, or is this the real thing?
He's refuting your claim that capitalism is "a zero sum game".
 

Blues Man

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Drastic change has drastic consequences.

That the corrupt Russian government didn't control the pace of change was the problem
Where did the money that corrupted the Russian government come from?
How The West Helped Invent Russia’s Election Fraud: OSCE Whistleblower Exposes 1996 Whitewash - By Alexander Zaitchik and Mark Ames - The eXiled

Rd5e748cabbc972c1e86a1b1930c93b43

"In 1994–96, under the infamous 'loans-for-shares' program, Russia privatized 150 state-owned companies for just $12 billion, most of which was loaned to a handful of well-connected buyers by the state—and indirectly by the World Bank and the IMF.

"The principal beneficiaries of this 'privatization'—actually, cartelization—were initially just 25 or so budding oligarchs with the insider connections to buy these properties and the muscle to hold them.2"

The Curious World of Donald Trump’s Private Russian Connections - The American Interest
Money isn't the only thing that corrupts.
 

Blues Man

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Meaningless.

Instead of whining that you don't earn enough get off your ass and improve your own economic position
word-image-5.png

If you can't see the difficulties young people face today when trying to improve their economic circumstances compared to forty years ago, you're blind.

Capitalism Versus Economic Democracy, Minimum Wage Edition - CounterPunch.org

"The labor market that emerged after NAFTA was passed had an embedded bias toward the interests of capital and away from the interests of labor.

"In market terms, it was a rigged market.

"Secondly, as economist Dean Baker has detailed, some jobs, professions and industries remain protected while workers in others were left to ‘compete’ with low-wage labor internationally. This impacted both the level of wages and the employment mix.

"Workers in protected industries benefited relative to those cast aside.

"The premise that markets determine wages begs the question of what determines markets?"
More whining.

I never said the market determines wages. Anyone can improve their financial position any time they want.
 

FA_Q2

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If I trade item X for Item Y which has more value to me and you trade Item Y for item X which has more value to you then obviously there.... wait....
What does that scenario have to do with capitalism?
Are you playing dumb, or is this the real thing?
He's refuting your claim that capitalism is "a zero sum game".
No. It is the real thing. Don't forget this is the guy that claims China is a capitalist country - at least when he wants to claim something negative about them. When he wants to claim they are better than the US that distinction gets lost....


Essentially, capitalism = things that are bad.

Poisonous snakes in your house are capitalists :p
 

georgephillip

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All of them. Every single voluntary trade proves my point.
When a small minority of individuals "own" the means of production, there is nothing voluntary about wage labor:

Criticism of capitalism - Wikipedia

"Similarities between wage labor and slavery were noted as early as Cicero in Ancient Rome, such as in De Officiis.[196]

"With the advent of the Industrial Revolution, thinkers such as Pierre-Joseph Proudhon and Karl Marx elaborated the comparison between wage labor and slavery in the context of a critique of societal property not intended for active personal use[12] while Luddites emphasized the dehumanisation brought about by machines.

"Before the American Civil War, Southern defenders of African American slavery invoked the concept of wage slavery to favorably compare the condition of their slaves to workers in the North.[citation needed]

"The United States abolished slavery during the Civil War, but labor union activists found the metaphor useful.

"According to Lawrence Glickman, in the Gilded Age 'references abounded in the labor press, and it is hard to find a speech by a labour leader without the phrase'."
 

georgephillip

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How about something statistically significant? Fraud is relatively rare in capitalism - that's why it makes headlines when it happens. You claim that capitalism depends on fraud - which idiotic. Fraud undermines capitalism.
What role does deception play in capitalism?

Capitalism and Fraud | Capitalism in Crisis with Jim Sawyer

"Capitalism and Fraud

"Fraud’s on the rise in American capitalism, politics and culture.

"It occurs when a 'sucker' is tricked, duped or hustled into acting against their best interest.

"Deception always plays a part.

"Here’s four alleged frauds, drawn from the news on a single day, the last day of Summer, 2020"
 

georgephillip

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georgephillip

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That's the opposite of a free market. A free market depends on the mutual respect of property rights. Sounds like you're one of those folks who confuses freedom with anarchy.
You obviously conflate unicorns with reality.
Like unicorns, the 'free market' doesn't exist | Climate & Capitalism
Unicorn-Meat.jpg


Free market - Wikipedia

"In economics, a free market is a system in which the prices for goods and services are self-regulated by buyers and sellers negotiating in an open market. In a free market, the laws and forces of supply and demand are free from any intervention by a government or other authority, and from all forms of economic privilege, monopolies and artificial scarcities."

How does a free market exist without any intervention by a government?
 

dblack

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All of them. Every single voluntary trade proves my point.
When a small minority of individuals "own" the means of production, there is nothing voluntary about wage labor.


This is simply, and demonstrably, untrue. I've never been conscripted into a job and I don't know anyone who has. If there IS an "employer" forcing people to work against their will, that would be slavery. Real slavery, not the "wage slave" nonsense.

To call wage labor "slavery", one has to imagine a kind of slavery where the slaves can "run away" whenever they feel like it. How would that work?
 

dblack

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In the US, rich people have more power than the state. T
Why do you believe power should be controlled by rich people?

Because it's the will of the people. And I say that without sarcasm or irony. Unless the "rich person" in question has perpetrated fraud, or committed other crimes, to acquire their wealth, the wealth they have acquired was given to them, voluntarily - because people valued whatever it was they were selling.
 

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