far-right terrorist threats

FTFY

What would a socialist revolution look like? What would the end result be?

Given Israel was committing genocide, pretty apt.

Quite the conundrum!

China is a single company?

If the wealth tax were introduced and the income tax removed (or the lower bracket increase to something like 100k), that would create a lot of air.

Setting the wealth tax low enough (say 10M) would include not only the ultra-wealth but the very wealth too. It can also start progressively. It doesn’t have to be all or nothing.

If things were that easy, there would’ve been a revolution already. Taxing wealth a step in the right direction. Also, revolutions don’t always turn out well. Just look at the Arab spring.

We really need to tax the wealth of rich fucks and force them to sell their assets to commoners like us. We need to start owning stuff again.

The final form of unregulated capitalism is a single company.

Their pension has never been worth less. So far.

Anybody who believes people will have a livable pension in 20+ years is kidding themselves.

Keep buying those iPhones people! Their supply chains have nets like these too.

Now you can understand why they want to kill themselves.

I thought this was going to be a joke about aliens.

Inequality is always going to be prevalent in a meritocracy.

Inequality will always be present. We aren’t all the same (I think that’s physically impossible as the universe prefers chaos) and thus any system we exist in will have inequality. It isn’t limited to meritocracy, idiocracy, or whatever.

Sadly none of these will ever be applied because countries are usually run by people who would feel these measures themselves and it would prevent them from putting spinning rims on gold jetskis

We are the 99%. If we had a common goal and agreed on a major path to get there, it could be achieved. Tax Wealth, Not Work is a big thing right now (at least in my bubble) but I’m trying to look outside of it and thus this question came up.

Would removing the sales tax be in addition to the wealth tax?

As a counter proposal to reducing or eliminating the sales tax, what would you think about eliminating income tax?

Build more affordable housing and capping rent pricing.

This should be done in general. But before I continue asking questions, are all your suggestions in addition to a wealth tax, all together, or separate?

Universal Basic Income would probably be a better option, I think. No conditions just money into your bank account regardless of who you are, where you live in the country, and what you’re doing. Pegging UBI to inflation would also make sense.

It would make a great addition to a wealth tax.

Land are not the only assets the rich possess. They own your debt (and thus your belongings that are paid in rates), they own stock, bonds, and many other immaterial assets. A wealth tax would include land taxation.

How would that be enforced? If the government fails to provide housing for all, for example, what would be the consequence?

I think this is too ideological to implement and by that I mean it’s too vague. Of course, I’m open to changing my mind. Besides enforcement, how would welfare be defined and would the welfare of citizens be evaluated?

What does “return on capital” mean? Could you define it?

If we only want growth because it increases our returns on capital, inequality is the result.

Which reasons for growth are good? And also, what kind of growth are you talking about?