South Korea has a 50% heritage tax - and it applies, as far as I'm aware, to everything. Causes and absolute havoc when billionaires die and the companies need to be broken up, but ultimately it seems to work
this post was submitted on 26 Sep 2023
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Won't anyone think of the havoc people still inheriting millions of dollars have to go through? ๐ป More people might have an opportunity to buy in on the society's corporate institutions? ๐ป
That sounds like the right thing to do for a society that values... Society.
Samsung being 20% of SK's economy makes me doubt the efficacy of this particular strategy
It's going to be crazy when Samsung dies.
John Samsung's been looking pretty sick lately ๐ค๐ค๐ค
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"Capitalism is just human nature."
If it's just human nature, then why do we need a militarized police force to enforce order? Having workers go to a workplace, do labor, and then send the profits to some far away entity that probably isn't even there is actually very far from human nature. It's something that necessarily requires the implied threat of violence to maintain. Same with tenants and landlords. No one would pay rent if it wasn't for the police, who will use violence to throw you out otherwise.
It also frustrates me how that argument just waves away the incredibly complex and actually extremely arbitrary legal structure of capitalism. What about human nature contains limited liability for artificial legal entities controlled by shareholders? "Ah yes, here's the part of the human genome that expresses preferred and common stock; here's the part that contains the innate human desire for quarterly earnings calls."
edit: typo
Its so dumb. "Human nature" according to who? Ignoring that appeal to nature is a logical fallacy its also just...fake. humans are social obligate primates. We naturally form small communal groups. We've interacted cooperatively and altruistically since before we were anatomical humans. If capitalism is human nature why did it take 19,700 years for anatomically modern humans to invent it. Because for one thing, commerce is not the same as capitalism. And even commerce is somewhat recent. Most of human history we didnt barter, pre-money barter economies are a myth. We had "gift economies" where we simply helped and gave each other what we needed. Without explicitly demanding a return but understanding others will help you out the same when you need it.
Putting yourself and whoever you consider your tribe above others is human nature, so capitalism plays pretty well into that by rewarding fucking others over.
Capitalism produces fragmentation and alienation that obstruct broader solidarity.
โOf course the CEO deserves 399 times your pay, they take 399 times the risk!โ
"and what is the penalty if they lose that risk?" "Why, they become a labourer like the rest of us!"
But the UnReALiZEd Gains
Honestly their Super Yachts, mansions, and luxury climate bunker compounds should be eligible for section 8 housing subsidy if you think about it.
They have so little liquidity, couldn't you just die?
In the Arms of the Angels plays to images of sad Warren Buffets, Elon Musks, etc...
"They make everything: The wine, the glasses, the chairs, the buildings. Without their investment, none of that could be made."
PU has already compiled the best ones.
The one mentioning the iPhone will long be a favorite.
do you use an iphone
you can make a similar argument for slavery
you dont want the government...
triangle shirtwaist fire ._.
do the people who don't like government regulations know how working conditions were before government regulations
Advances were made and sustained principally through labor organization, not government regulations.
Much of the manipulation in the presentation from PU is based on constructing a false dichotomy between organization through either private business versus central government.
A common tactic is to bait an antagonist into attacking private business, but then shifting from a defense of business to a criticism of government. It is employed by proponents of marketism, and commonly involves insertion into the discussion, often as a straw man, the Democratic Party or the Soviet Union.
Such proponents often respond poorly to suggestions about cooperative organization, or to reminders over the natural tendency of business to seek increasing protection from the state.
Advances were made and sustained principally through labor organization, not government regulations.
It's both. It happens because of regulation (otherwise there'd be nothing stopping businesses from exploiting you even harder than they already do) but as has been said many times, regulations are written in blood. They weren't passed out of the goodness of anyone's hearts, but as a capitulation to labour organising.
regulations are written in blood
Well, they are ignored the moment labor loses the power to demand their enforcement.
I try not to emphasize regulations. Genuine power never comes from words.
Of course not. But what are we organising for, if not our rights? In our society, those rights are upheld by law. We organise to make those laws happen. And , when it comes to it, to behead them and make our own laws.
Laws are made by the powerful few.
Power for the masses comes from the groundul up.
We organize to build our own power, toward our own interests, to challenge the systems that support the interests of elites.
Laws are made by the powerful few.
Yep, in our current neoliberal capitalist system. This is what we live in, which is why it's what I'm describing.
Power for the masses comes from the groundul up.
I know, but we don't have that yet. That's the goal.
We organize to build our own power, toward our own interests, to challenge the systems that support the interests of elites.
Indeed. No need to repeat my own beliefs at me ;)
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Wow. Almost every single thing he listed at the beginning (before I turned this off because I was getting the urge to punch his face so strongly my work computer's screen was at actual risk) has taken enormous amounts of "big government" subsidy. And well over half of them (possibly much higher!) are actively damaging society.
Woohoo! Capitalism!
There's something disconcerting about the structure of that person's face and the ways it does and does not move how it should when the person it belongs to speaks.
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Argh, I watched two seconds of it. Now YouTube will recommend that stuff to me forever.
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lol it's literally the argument they use
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