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Woman protesting essential economic injustice of American capitalism, USA, 1930s (lemmy.world)
submitted 1 year ago by to c/historyporn@lemmy.world
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[–] 12 points 1 year ago (3 children)

The thing is, those two sentiments are completely antithetical. If there's no limit to what one can own, how would there be a limit to what they want? Even if we can't stop people from owning too much, we at least need to make it as hard as possible. 90% tax brackets need to come back.

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  • [–] 1 point 1 year ago (2 children)

    The thing is, it's hard to take you seriously when you refer to 90% tax brackets. That was income tax, which probably applied to like 8 people in the country. Wealthy people get most of their income from capital gains, which is taxed entirely differently. Go ahead and raise the top income tax bracket to 99.9%, it won't affect billionaires. LPT: wanting to "bring back the 90% tax brackets" is a dead giveaway that someone just repeats what they see in memes.

    But anyway, what I said isn't antithetical because I don't have the attitude that possessing wealth is inherently evil. As I tried to make clear, it's only evil to me if other people are deprived. In a world where nobody is threatened by poverty or hardship, having a hobby of collecting diamonds doesn't hurt anyone.

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  • [–] 3 points 1 year ago* (last edited 1 year ago) (1 child)

    Wealthy people get most of their income from capital gains, which is taxed entirely differently.

    Because we can't possibly change how it works so that we can tax capital gains too, right? Give me a break.

    In a world where nobody is threatened by poverty or hardship, having a hobby of collecting diamonds doesn’t hurt anyone.

    Keep living in fantasy land. How do you think something like that will be achieved, if people are allowed to hoard as much money as they want? What is the incentive to do any good if greed is celebrated and never punished?

    someone just repeats what they see in memes

    You're just a centrist neoliberal. What you're suggesting is literally what has brought us here.

    it’s hard to take you seriously

    The feeling is mutual.

    Also, when someone starts to dish out personal attacks unprovoked, it's a dead giveaway that they don't actually have a point.

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