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

[Oddball]

Hate him? Lol

yes

 

[pknopp]

The United States did until 1933.

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

 

[pknopp]

yes

That's your territory.

 

[Turtlesoup]

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.

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Actually CAPITALISM is the one system where the poor and middle class can and do often move up the economics ladder. Socialism/communism/marxism destroys economies and makes everyone except the ruling and ubber rich class who become richer. As america adopts more socialist ways--our standard of living drops.

 

[MisterBeale]

The only thing Communists are good at is pointing out the flaws in every system.....while ignoring the glaring flaws in their own that are much....much worse.

Agreed. However? IMO, I don't think the tax and spend Keynesians, in the establishment conservative party are offering much in the way of solutions, they haven't been for twenty years, and Trump only teased last time he was in office, he never delivered.

I remember it was, in 2006, or 2007, Peter Schiff was predicting the eminent crash, and all the MSM was calling him a kook. I was reading a Craig Roberts blog, and the stuff from Edward Harle, (Christopher Story,) which was predicting the same mess, as a result of the Fannie/Freddie mess.

They all turned out to be right.

Now, this EPI and its sister policy center, seemed to have supported Sanders, and has its folks in the Biden admin. And now we have run away inflation?

You know what is even MORE interesting? Peter Schiff appearing on Jimmy Dore! Dore was a HUGE Sanders supporter, which means, by extension, an EPI cheerleader, and a Keynsian economist. . . but cracks seem to be appearing in what he is willing to accept. Watching him be open to different ideas as gas, food and inflation destroy this nation? Interesting.

THAT? Is completely bat shit insane, I am talking twilight zone material.
IMO? All this JAN 6th crap is nothing but a distraction.

The hypothesis here? The energy and food situation in Europe are going to get critical, and the economy in the US is going to get as bad as we have ever seen since, probably the depression . . . we will no longer, at least the population won't, have any stomach to send a bit of support to Ukraine. . . INFLATION? OUT OF CONTROL!!!!!

I never, EVER, thought I would see the day, when an Austrian Economist, would be schooling a hard core, BERNIE BRO, and a super hypnotized Keynesian, on Economics.

But I mean, seriously, how many times can Krugman step in shit, and with this? Yellen admitting she hasn't known what she has been doing all along?

We have crossed into the twilight zone, and things are getting way, WAY in the deep end. . . And things are really, starting to spin out of control now.

Runaway Inflation Is About To Collapse The US Economy w/ Peter Schiff​

220,698 views
Jun 6, 2022

 

[bripat9643]

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

Utter horseshit. What did they get that they couldn't get in a market economy?

What exactly do you believe the term "free market" means?

 

[Flash]

 

[Orangecat]

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

Capitalism exists because some people are smarter and more industrious than others. It rewards those people and leaves the dumb and lazy to fend for themselves.
Socialism exists because the dumb and lazy often outnumber the smart and industrious, and they want to steal the fruits of their labor.

 

[Correll]

Not higher rate. An equal rate to the person who was paid $13 an hour to deliver concrete to your house. Why is money earned off capital special? Why can’t it be treated like labor and sweat?

Because it was taxed multiple times before it became capital. It was taxed when I made it. Most of my expenses were taxed. The little I had left after that, to invest, was taxed when I invested it. My income from it, was taxed. When I spent money to maintain it, it was taxed. When I finally sold it, it was taxed AGAIN.

And, i bet I am missing quite a number of taxes, not to mention various fees.


Have you ever built wealth personally?

 

[Correll]

I have no problem with paying taxes, which are actually quite low here, as long as I get value from it.

Mighty big if.

 

[the other mike]

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

What happens when unelected fat cats at Bilderberg meetings secretly make all that decisions the shape the global economy.

 

[Mac-7]

I pointed out what are flaws in the system.

It was an attack that any certified lib would be proud of

 

[pknopp]

Utter horseshit. What did they get that they couldn't get in a market economy?

What exactly do you believe the term "free market" means?

For one the military was sent in to get the land the ranchers and railroad barons wanted.

 

[citygator]

Because it was taxed multiple times before it became capital. It was taxed when I made it. Most of my expenses were taxed. The little I had left after that, to invest, was taxed when I invested it. My income from it, was taxed. When I spent money to maintain it, it was taxed. When I finally sold it, it was taxed AGAIN.

And, i bet I am missing quite a number of taxes, not to mention various fees.


Have you ever built wealth personally?

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.

 

[citygator]

Capitalism exists because some people are smarter and more industrious than others. It rewards those people and leaves the dumb and lazy to fend for themselves.
Socialism exists because the dumb and lazy often outnumber the smart and industrious, and they want to steal the fruits of their labor.

So tax it at rates we do for labor. Make the top 1% go back to paying rates that narrowed the income gaps. Just a thought. You have a better one?

 

[Correll]

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.

I didn't ask if you HAD wealth, I asked if you ever BUILT wealth.


Debunked from the 80s? I'm talking about my personal experiences, much more recently than that. I explained my personal experiences in detail. What part of that, are you claiming didn't happen?

 

[citygator]

I didn't ask if you HAD wealth, I asked if you ever BUILT wealth.


Debunked from the 80s? I'm talking about my personal experiences, much more recently than that. I explained my personal experiences in detail. What part of that, are you claiming didn't happen?

Your expenses are deductible from your profits. What am I missing?

 

[Correll]

Your expenses are deductible from your profits. What am I missing?

My point was not that I had expenses, but that the expenses and upgrades were taxed at every step.

 

[SeaMajor7]

I wonder, what kind of people feel they're OPPRESSED....?

That's right, it's the demented avenger subverted demoralized zombie leftist Marxist brain dead no self awareness drone think hive minded idiots that can't think for themselves.

Capitalism offers opportunity for anyone with a brain, and work ethic, to prosper.

Marxism seeks to level the playing feild

Human Nature is also lost on these control FREAKS with their one size fits all eQuiTy bullshit.

One Size does not fit all; we are not insects!

 

[Toddsterpatriot]

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.

I have a lot of wealth. I pay very little taxes on my equity growth.

Currently the government is not allowed to tax your "equity growth".