1. Welcome! Please take a few seconds to create your free account to post threads, make some friends, remove a few ads while surfing and much more. ClutchFans has been bringing fans together to talk Houston Sports since 1996. Join us!

Capitalism Vs Democracy World Wide Wealth Tax Needed

Discussion in 'BBS Hangout: Debate & Discussion' started by glynch, Mar 6, 2014.

  1. glynch

    glynch Contributing Member

    Joined:
    Dec 1, 2000
    Messages:
    17,790
    Likes Received:
    3,395
    http://www.nytimes.com/2014/01/29/opinion/capitalism-vs-democracy.html?_r=0

    NOTE: EXCERPTS-- NOT REALLY THAT LONG BUT TRYING TO HELP THE ATTENTION LIMITED. WORTH A WHOLE READ
    In a widely discussed article the author argues that capitalism inherently creates inequality which is getting worse in all societies whether developed or poorer and the only solution to this is a world wide wealth tax. He discusses how greater and greater inequality leads to less democracy.




    ********
    Thomas Piketty’s new book, “Capital in the Twenty-First Century,” described by one French newspaper as a “a political and theoretical bulldozer,” defies left and right orthodoxy by arguing that worsening inequality is an inevitable outcome of free market capitalism.

    Piketty, a professor at the Paris School of Economics, does not stop there. He contends that capitalism’s inherent dynamic propels powerful forces that threaten democratic societies.

    Capitalism, according to Piketty, confronts both modern and modernizing countries with a dilemma: entrepreneurs become increasingly dominant over those who own only their own labor. In Piketty’s view, while emerging economies can defeat this logic in the near term, in the long run, “when pay setters set their own pay, there’s no limit,” unless “confiscatory tax rates” are imposed.

    Piketty’s book — published four months ago in France and due out in English this March — suggests that traditional liberal government policies on spending, taxation and regulation will fail to diminish inequality. Piketty has also delivered and posted a series of lectures in French and English outlining his argument.

    ...
    Piketty proposes instead that the rise in inequality reflects markets working precisely as they should: “This has nothing to do with a market imperfection: the more perfect the capital market, the higher” the rate of return on capital is in comparison to the rate of growth of the economy. The higher this ratio is, the greater inequality is.

    ...
    The only way to halt this process, he argues, is to impose a global progressive tax on wealth – global in order to prevent (among other things) the transfer of assets to countries without such levies. A global tax, in this scheme, would restrict the concentration of wealth and limit the income flowing to capital.

    Piketty would impose an annual graduated tax on stocks and bonds, property and other assets that are customarily not taxed until they are sold. He leaves open the rate and formula for distributing revenues.
     
  2. Dubious

    Dubious Contributing Member

    Joined:
    Jun 18, 2001
    Messages:
    18,316
    Likes Received:
    5,088
    http://www.nytimes.com/2013/05/06/books/who-owns-the-future-by-jaron-lanier.html

    BOOKS OF THE TIMES
    Fighting Words Against Big Data
    ‘Who Owns the Future?’ by Jaron Lanier

    Who Owns the Future?” reiterates some ideas in Mr. Lanier’s first book: that Web businesses exploit a peasant class, that users of social media may not realize how entrapped they are, that a thriving middle class is essential to keeping the Internet sustainable. When “ordinary people ‘share,’ while elite network presences generate unprecedented fortunes,” even that elite will eventually be undermined......

    The premise is that technology is devaluing the work of people until there will be only the capitalist owners of information technology and an underclass that can't earn a living. I included it here because I see this technology as the big driver behind income inequity and the loss of the middle class. It seems to me that wealth distribution is the only way to maintain a healthy consumer market; it's going to be that or a total stagnation.
     
    #2 Dubious, Mar 6, 2014
    Last edited: Mar 6, 2014
  3. larsv8

    larsv8 Contributing Member

    Joined:
    Nov 11, 2007
    Messages:
    21,663
    Likes Received:
    13,914
    The ultimate culmination of pure capitalism would just be one super mega corporation.

    I agree though. There needs to be a serious disincentive to become ultra wealthy. Ultra wealthy end up living outside the rules and boundaries of the law.

    Once that occurs, the only real option for the oppressed is violence.
     
  4. CometsWin

    CometsWin Breaker Breaker One Nine

    Joined:
    May 15, 2000
    Messages:
    28,028
    Likes Received:
    13,046
    No doubt capitalism is designed to create inequality, I don't know that a world wide tax is the answer though. No question the tax rates should return to the levels that created the middle class in the 50's and 60's.
     
  5. AroundTheWorld

    AroundTheWorld Insufferable 98er
    Supporting Member

    Joined:
    Feb 3, 2000
    Messages:
    68,351
    Likes Received:
    45,918
    And the ultimate dream of leftists is a 100 % tax rate.
     
    1 person likes this.
  6. Kojirou

    Kojirou Member

    Joined:
    Feb 18, 2009
    Messages:
    6,180
    Likes Received:
    281
    Glynch, if your goal is to act like a bad Tea Party parody of what liberals are actually like, it's working.
     
    4 people like this.
  7. Buck Turgidson

    Joined:
    Feb 14, 2002
    Messages:
    85,784
    Likes Received:
    84,193
    That's actually pretty spot-on
     
    1 person likes this.
  8. larsv8

    larsv8 Contributing Member

    Joined:
    Nov 11, 2007
    Messages:
    21,663
    Likes Received:
    13,914
    What?
     
  9. AroundTheWorld

    AroundTheWorld Insufferable 98er
    Supporting Member

    Joined:
    Feb 3, 2000
    Messages:
    68,351
    Likes Received:
    45,918
  10. HamJam

    HamJam Contributing Member

    Joined:
    Mar 19, 2011
    Messages:
    2,582
    Likes Received:
    511
    I have to attack this idea from the left.

    If we have a worldwide progressive income tax, that means we have a world wide government with enough power to enforce that income tax. That would be bad thing, and would be even more endangering of democracy than capitalism is.

    Capitalism does inherently lead to inequality, and it is also leading to instability, human suffering, and even inefficiency and dangerous environmental/ sustainability issues.

    But, there are other ways to overcome it besides massive increases in world wide power structures. Power structures, even those created with the needs of humanity and idealism in mind, always lead to corruption and abuse as people eat each other alive in order to gain and keep control of that power.

    As I said, there are other ways. Namely, anarchistic ways. Not Communism, with its centralization, but communalism, in which autonomous and liberated communities own the property they jointly use for their everyday lives. Instead of laws and men with guns to enforce those laws, people need to be freed from private property and capitalism to freely associate with each other.
     
  11. rudan

    rudan Member

    Joined:
    Jun 30, 2006
    Messages:
    1,441
    Likes Received:
    65
    Another r****ded liberal idea. Whats next world wide food stamps?
     
  12. bingsha10

    bingsha10 Member

    Joined:
    Nov 12, 2006
    Messages:
    3,118
    Likes Received:
    308
    free market capitalism is inherently anti-monopolistic.

    Too bad competing is the last thing rich people want to do.

    Instead they use the government to vote themselves bailouts and outlaw their competition.

    But lets blame that on the free market capitalist system we don't have.
     
  13. robbie380

    robbie380 ლ(▀̿Ĺ̯▀̿ ̿ლ)
    Supporting Member

    Joined:
    Aug 16, 2002
    Messages:
    23,268
    Likes Received:
    9,624
    Yes...because free market capitalism has never tried to control the government................................................ :rolleyes:
     
  14. pirc1

    pirc1 Contributing Member

    Joined:
    Dec 9, 2002
    Messages:
    13,971
    Likes Received:
    1,701
    Pure free market capitalism is the unicorn, have you seen those lately?
     
  15. HamJam

    HamJam Contributing Member

    Joined:
    Mar 19, 2011
    Messages:
    2,582
    Likes Received:
    511
    I don't blame the free market capitalism we don't have, I blame the corporate capitalism we do have.

    And a change to a free market capitalism would not work either, because, as you mention, the rich capitalists don't want competition, so they would immediately turn any such system into one where the government was involved and manipulating things to their advantage once again -- international wars fought on their behalf and all.

    Anarchism allows for the freedom you desire, without massive capitalists using their wealth to quickly re-establish centralization and tyranny. People do not need private property to show initiative or to experience liberty -- quite the contrary.
     
  16. justtxyank

    justtxyank Contributing Member

    Joined:
    Jul 7, 2005
    Messages:
    42,701
    Likes Received:
    39,335
    The US already gives world wide food stamps.
     
  17. Kojirou

    Kojirou Member

    Joined:
    Feb 18, 2009
    Messages:
    6,180
    Likes Received:
    281
    The freedom of slavery and starvation. As anyone's who taken a poly sci 101 class can tell you, man had perfect freedom once upon a time, before there was civilization. He gave it up for a reason. The benefits of empire and civilization do not manifest themselves if man believes that he is superior to the civilization which came before him, and which will exist long after his bones are dust.
     
  18. GladiatoRowdy

    GladiatoRowdy Contributing Member

    Joined:
    Oct 15, 2002
    Messages:
    16,596
    Likes Received:
    494
    With this statement, you have proven you don't understand the views of "leftists" in any way.
     
  19. Deckard

    Deckard Blade Runner
    Supporting Member

    Joined:
    Mar 28, 2002
    Messages:
    56,812
    Likes Received:
    39,121
    We need an equitable tax system in the United States requiring the wealthy to pay far more taxes than they do today, with rates closer to what we saw during the boom years of the 1960's, and campaign finance laws that require open disclosure of contributions from any source, along with restrictions on corporate contributions to candidates. In order to get that past the current radical Supreme Court, we need those laws passed by Congress, something that requires a Democratic majority, or a big change in the leadership of the GOP towards moderate conservatism. I'm fine with a more moderate conservative Republican Party, if it gets these reforms passed. What we do NOT need is a world government passing global taxes that would lead to not "simply" individual countries corrupted by out of control corporate political influence in the democracies, and unchecked oligarchies controlling fake "elections," like those in Russia and China, but rather a corrupted, unchecked "world government" with the power to levy taxes all over the globe.

    How can anyone honestly believe that a "world taxing authority" wouldn't be bought and operated by a small group of global corporations and oligarchs? We would trade the problem we have today in the United States for an even bigger problem on a global scale, in my humble liberal opinion. How about we fix our own house, get it in order, and set an example for the world of a democracy that can't be purchased by a few, to the detriment of the many?
     
  20. HamJam

    HamJam Contributing Member

    Joined:
    Mar 19, 2011
    Messages:
    2,582
    Likes Received:
    511
    People said similar things about Democracy back when monarchy was the rule. Anarchy is not people living in squalor and in the streets. During the Spanish Civil war, the areas organized in an anarchistic manner actually increased agricultural and manufacturing production, while at the same time increasing access to health care and education for the peasants and workers -- all during the duress of war.
     

Share This Page

  • About ClutchFans

    Since 1996, ClutchFans has been loud and proud covering the Houston Rockets, helping set an industry standard for team fan sites. The forums have been a home for Houston sports fans as well as basketball fanatics around the globe.

  • Support ClutchFans!

    If you find that ClutchFans is a valuable resource for you, please consider becoming a Supporting Member. Supporting Members can upload photos and attachments directly to their posts, customize their user title and more. Gold Supporters see zero ads!


    Upgrade Now