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Thread: Is Capitalism Dead or Merely Dying?

  1. #31
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    Quote Originally Posted by Otto Throttle View Post
    Which people? Do you know where the majority of tax revenue comes from?Attachment 15168
    And where do the wealthy get the money to ay taxes?

  2. #32
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    Quote Originally Posted by Otto Throttle View Post
    Third world shitholes supposedly organized on the principles of wealth redistribution...
    There are many more third world shitholes run on a capitalist system than are run as social democracies.

    https://www.weforum.org/agenda/2016/...uality-of-life

    The top 10 countries with the highest quality of Life are arguable all Democratic Socialist countries.

    You can see the 10 countries with the highest quality of life below.
    Netherlands 88.65. ...
    Norway 88.70. ...
    Sweden 88.80. ...
    Switzerland 88.87. ...
    Australia 89.13. ...
    Denmark 89.39. ...
    Canada 89.49. ...
    Finland 90.09. Everyone says Scandinavian nations have the highest standard of living, and now Finland has made it official

    Note that every one of them has a form of UHC.

  3. #33
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    Quote Originally Posted by labrea View Post
    And where do the wealthy get the money to ay taxes?
    The vast majority inherit it....
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    Quote Originally Posted by labrea View Post
    And where do the wealthy get the money to ay taxes?
    I just don't know how to respond to that. Do you really not know? I know where my money comes from, and it isn't from the government, and it doesn't come from people with less than me... I earn it. But a big ol' chunk of it is taken by taxes to be squandered on stupid, expensive, failing social programs. Have we ended poverty yet? How many more $trillions$ will it take?

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    Quote Originally Posted by Otto Throttle View Post
    I just don't know how to respond to that. Do you really not know? I know where my money comes from, and it isn't from the government, and it doesn't come from people with less than me... I earn it. But a big ol' chunk of it is taken by taxes to be squandered on stupid, expensive, failing social programs. Have we ended poverty yet? How many more $trillions$ will it take?
    The vast majority of your income tax dollars is being spent on the worlds biggest and most expensive military. Or are you one of those people that consider social security and Medicare "welfare" that is not funded by the people that actually collect it?

  6. #36
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    Quote Originally Posted by OldGaffer View Post
    The vast majority inherit it....
    You should try to inform yourself before saying such patently ignorant things for all to read. Not every millionaire is a Kennedy. Most have parlayed their talent, skill, education, ingenuity, and hard work into a pile of money. For every Trump there's a boatload of Swifts and Gagas, or Woods and Jordans, or Spielbergs and Oprahs, or Jobs and Wozniaks, or Buffets and Gates...
    Most of the world's billionaires made their own fortunes - Business Insider

  7. #37
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    Quote Originally Posted by Otto Throttle View Post
    You should try to inform yourself before saying such patently ignorant things for all to read. Not every millionaire is a Kennedy. Most have parlayed their talent, skill, education, ingenuity, and hard work into a pile of money. For every Trump there's a boatload of Swifts and Gagas, or Woods and Jordans, or Spielbergs and Oprahs, or Jobs and Wozniaks, or Buffets and Gates...
    Most of the world's billionaires made their own fortunes - Business Insider
    Sure, some of those very richest made theirs, but how about the thousands of trust bunny drones that have inherited for generations, once you get down to the 100 million-999 million range, you find thousands of those fuckers....

    "In its just-released new report, United for a Fair Economy extends this baseball analogy to last year’s Forbes 400. UFE defines as “born in the batter’s box” those Forbes 400 rich who hail from poor to middle-class circumstances. Some had nothing growing up. Others had parents who ran small businesses.
    About 95 percent of Americans, overall, currently live in these “batter’s box” situations. Just over a third, 35 percent, of the Forbes 400 come from these backgrounds.
    Just over 3 percent of the Forbes 400, the United for a Fair Economy researchers found, have left no good paper trail on their actual economic backgrounds. Of the over 60 percent remaining, all grew up in substantial privilege.
    Those “born on first base” — in upper-class families, with inheritances up to $1 million — make up 22 percent of the 400. On “second base,” households wealthy enough to run a business big enough to generate inheritances over $1 million, the new UFE study found another 11.5 percent.
    On “third base,” with inherited wealth over $50 million, sit 7 percent of America’s 400 richest. Last but not least, the “born on home plate” crowd. These high-rollers, 21.25 percent of the total Forbes list, all inherited enough to “earn” their way into top 400 status.[pullquote]The narrative of wealth and achievement that Forbes is pushing ignores the other side of the coin.[/pullquote]
    Last year, a rich American had to be worth at least $1.05 billion to make the Forbes 400. This year’s entry threshold: $1.1 billion, the highest ever.
    Forbes, the United for a Fair Economy researchers sum up, has glamorized the myth of the “self-made man” and minimized “the many other factors that enable wealth,” most notably the tax breaks and other government policies that help the really rich get ever richer.
    The narrative of wealth and achievement that Forbes is pushing, the new UFE study adds, “ignores the other side of the coin — namely, that the opportunity to build wealth is not equally or broadly shared in contemporary society.”

    https://inequality.org/research/self...cinating-rich/
    Thanks from Robert Urbanek and labrea

  8. #38
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    Quote Originally Posted by Otto Throttle View Post
    I just don't know how to respond to that. Do you really not know? I know where my money comes from, and it isn't from the government, and it doesn't come from people with less than me... I earn it. But a big ol' chunk of it is taken by taxes to be squandered on stupid, expensive, failing social programs. Have we ended poverty yet? How many more $trillions$ will it take?
    Not a very deep thinker, are you.

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    About 95 percent of Americans, overall, currently live in these “batter’s box” situations. Just over a third, 35 percent, of the Forbes 400 come from these backgrounds.
    That leaves the other 65% being born on first, second, third or born on home plate. Horatio Alger rags to riches stories are as much fiction today as they were when they were written in the late 19th century.
    Thanks from labrea

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    Quote Originally Posted by labrea View Post
    Im not sure thats necessarily true.
    Specify.

    Quote Originally Posted by OldGaffer View Post
    That leaves the other 65% being born on first, second, third or born on home plate. Horatio Alger rags to riches stories are as much fiction today as they were when they were written in the late 19th century.
    The objective analysis of capitalism in the future has surprisingly little to do with your class warfare petulance.
    Thanks from publius3

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