If you rely on a wage to survive...

[Lune]

...you are a laborer, and capitalism is not designed to work in your favor. Like Elon Musk said when explaining his support for socialism, it's called capitalism, not laborism.

Again, if you sell your labor to survive, you are a laborer, even if you are an orthopedic surgeon or entrepreneur.

A capitalist is someone who doesn't need to do work to survive, because they simply have a lot of money, and that money makes more money for the capitalist, by itself if he wants it to.

I think what a lot of people in this country fail to understand is that the vast majority of the ultra-wealthy in this country don't actually work, that is, they don't perform any kind of labor. They simply have money, and that money pays money-managers to grow itself, through investments, rent-seeking, ownership, etc. For every Warren Buffett or Jeff Bezos who still participates in the growth of his own capital, there are 10 capitalists living the only actual real type of free life that exists in the United States: economic freedom, freedom from reliance on the sale of labor to survive.

This is why taxation is so important. Wealth is conducive to more wealth, and the more wealth you have the more conducive it is. It's a fundamental law of economics. Taxation is a mechanism through which the government can counter this fundamental force of capitalism to make it so that our society doesn't spiral into aristocracy. And this mechanism has been broken since Reagan snuck his way into government and sabotaged it.

Taxation is not just useful, it's a fundamental, necessary fixture of free market and mixed market economics, of capitalism. Like the microbes that break down all of Earth's dead things and return their atoms to the rest of the world, taxation prevents capital from concentrating endlessly in the hands of capitalists, and returns it to the rest of the economy, and the government, when actually doing its job, is instrumental in this. Therefore, I would argue, the government's single overarching prerogative, its first and most essential duty, is to tax capitalists.

If you truly support free market economics and competitive market capitalism, you must also support the progressive taxation of capitalists.

Anyone telling you taxation is theft, is unfair, stifles competition, or whatever else, is a bad faith actor serving only the interests of capitalists at the expense of the rest of society, and should not be listened to.

I'm writing this for educational purposes because it increasingly seems that Americans who claim to support free market economics don't actually know what that means, because in a free market you're actually not supposed to have monopolies, and you're not supposed to selectively subsidize business models that rely on ultra low-wage labor that compete with similar businesses that use a higher wage model (Chick fil-A vs Burger King, Costco vs Walmart) by coercing laborers into accepting ultra low wage work out of desperation.

But most of all, in a healthy free market, you are supposed to have progressive taxation.

[Thorgrimm]

No

[Pulgasari]

Originally Posted by Lune [You must be logged in to view images. Log in or Register.]

If you truly support free market economics and competitive market capitalism, you must also support the progressive taxation of capitalists.

Anyone telling you taxation is theft, is unfair, stifles competition, or whatever else, is a bad faith actor serving only the interests of capitalists at the expense of the rest of society, and should not be listened to.

Taxing GAINZ is fine within reason, wealth taxes are stealing.

[Gwaihir]

Originally Posted by Lune [You must be logged in to view images. Log in or Register.]

...you are a laborer, and capitalism is not designed to work in your favor. Like Elon Musk said when explaining his support for socialism, it's called capitalism, not laborism.

Again, if you sell your labor to survive, you are a laborer, even if you are an orthopedic surgeon or entrepreneur.

A capitalist is someone who doesn't need to do work to survive, because they simply have a lot of money, and that money makes more money for the capitalist, by itself if he wants it to.

I think what a lot of people in this country fail to understand is that the vast majority of the ultra-wealthy in this country don't actually work, that is, they don't perform any kind of labor. They simply have money, and that money pays money-managers to grow itself, through investments, rent-seeking, ownership, etc. For every Warren Buffett or Jeff Bezos who still participates in the growth of his own capital, there are 10 capitalists living the only actual real type of free life that exists in the United States: economic freedom, freedom from reliance on the sale of labor to survive.

This is why taxation is so important. Wealth is conducive to more wealth, and the more wealth you have the more conducive it is. It's a fundamental law of economics. Taxation is a mechanism through which the government can counter this fundamental force of capitalism to make it so that our society doesn't spiral into aristocracy. And this mechanism has been broken since Reagan snuck his way into government and sabotaged it.

Taxation is not just useful, it's a fundamental, necessary fixture of free market and mixed market economics, of capitalism. Like the microbes that break down all of Earth's dead things and return their atoms to the rest of the world, taxation prevents capital from concentrating endlessly in the hands of capitalists, and returns it to the rest of the economy, and the government, when actually doing its job, is instrumental in this. Therefore, I would argue, the government's single overarching prerogative, its first and most essential duty, is to tax capitalists.

If you truly support free market economics and competitive market capitalism, you must also support the progressive taxation of capitalists.

Anyone telling you taxation is theft, is unfair, stifles competition, or whatever else, is a bad faith actor serving only the interests of capitalists at the expense of the rest of society, and should not be listened to.

I'm writing this for educational purposes because it increasingly seems that Americans who claim to support free market economics don't actually know what that means, because in a free market you're actually not supposed to have monopolies, and you're not supposed to selectively subsidize business models that rely on ultra low-wage labor that compete with similar businesses that use a higher wage model (Chick fil-A vs Burger King, Costco vs Walmart) by coercing laborers into accepting ultra low wage work out of desperation.

But most of all, in a healthy free market, you are supposed to have progressive taxation.

Fortunately, unlike in a communist system, you can be both a capitalist and a laborer. Like, they don't even pull out the eye-color, skin-color, and hair-color gradient tests or anything.

It is, however, still the most racist thing ever, because you have to have a picture of your driver's license and a social security number to sign up for a trading account. They won't just let you tell them your name is "Tron" while you slide the stack of Hundies you came up on in the dice game as your initial deposit.

[Gwaihir]

Personally, I think that in order to be qualified to invest, you should have to prove the purity of your Israelite lineage does not violate the Theory of Hypodescent determined in Deuteronomy 23.

Like, if your an Edomite, you should have to wash the Half-Canaanite out through three successive generations of increasingly Israelite progeny.

If your a dirty Horite, or Hittite, or Moabite, you should have to wash your 90% Canaanite incestuous gene-filth through 10 successive generations of increasingly Israelite progeny, Amorite?

Technically, you shouldn't even be allowed to call yourself Jewish, and thus reap the benefit of Israel's blessing, until you are in alignment with the biblical definition of an Israelite. You don't just get to ponzi-scheme up a bunch of money and Buy the Temple Mount. You have to earn it by bloodright.

That's how Dad did it, and that's how America does it.

Seek Christ

[starkind]

i rely on other ppls wages [You must be logged in to view images. Log in or Register.]

[HalflingSpergand]

What is the alternative to selling your labor to survive? Yep you guess it, free loading. Because survival take work

SEEK EMPLOYMENT FREE RIDE OVER

[hobart]

What do you call someone who receives $500K - $5MM or so per year in passive income via real estate and the market? Laborer or capitalist?

We have several dozen or so clients in this category. And even with third-party management of their real estate and an advisor between them and their money they still spend 40+ hours per week monitoring their investments and planning the next move. Isn't that labor?

1 in 165 people are ultra-wealthy. I wonder how many of them truly don't work -- if nothing else just to keep an eye on their money.

[Gwaihir]

Originally Posted by hobart [You must be logged in to view images. Log in or Register.]

What do you call someone who receives $500K - $5MM or so per year in passive income via real estate and the market? Laborer or capitalist?

We have several dozen or so clients in this category. And even with third-party management of their real estate and an advisor between them and their money they still spend 40+ hours per week monitoring their investments and planning the next move. Isn't that labor?

1 in 165 people are ultra-wealthy. I wonder how many of them truly don't work -- if nothing else just to keep an eye on their money.

How many of these clients %wise are bergs, steins, witzes or *****man's?

Are 13% of your ultra wealthy clients African American, or are you exploiting Jewish Privilege as your actual business model?

[unsunghero]

I love how all these theories about wealth creating wealth begin on the premise that the person is ultra-rich.

How did they come into all that money? You think that a poor person who all of a sudden was handed 100 million dollars is going to use that money to make money? Do you what percentage of lottery winners end up broke? Like fucking 80%

This is because becoming and especially STAYING wealthy requires a particular mindset and skill-set. Not just having a lot of money

Your jealousy is showing