Taxation is one of the biggest issues of the western economic model. At what point do national debts reach a level that requires 90% taxation? I am surprised that people dont see how anti capitalistic overtaxing the middle class is. Money no longer flows freely, it clogs at the top and gets squeezed from the middle.
Clogging capital in the hands of a few, with the help of government, is not capitalism. It's an oligarchy. Capitalism means capital should move around, yet it doesn't. It's stuck due to unnatural barriers. A bit like someone else said, corporate socialism.
The idealistic capitalism you speak of has never existed, not even in the US which has supposedly been the shining beacon for capitalism. It's a false idea spread to keep people believing that they can "make it" and that no other system could possibly work better. It's an idea spread by think tanks owned by guess who. Capital owners.
Consolidation of capital and property in the hands of a few is the natural state of capitalism, it's been a slight improvement over the consolidation of feudalism.
There are these moments when last shreds of motivation urge me to emigrate (again) to some developed EU country, then I quickly launch net-gross salary calculator and I'm better off sitting on a chair where I am starring at the wall... and fuck your real estate and rental markets too.
Many folks fail to understand that pretax income is simply not their income. It’s the money you keep after tax that counts. And indeed the real estate market is a total mess. House build quality at least in the UK is very very low, old and new.
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[ 2.1 ms ] story [ 29.5 ms ] threadCapitalist governments are generally captured by capital owners such as in the US. Why would capital owners tax themselves? They want money!
Middle class/working class are not capital owners, even I'd they have an investment account that makes them feel like it
Consolidation of capital and property in the hands of a few is the natural state of capitalism, it's been a slight improvement over the consolidation of feudalism.