Life During Class Wartime

tbray.org

116 points by AndrewDucker 5 hours ago


yabones - 29 minutes ago

For the vast majority of human civilization, all taxes were based on wealth. Your emperor, pharaoh, czar, or whoever was in charge sent a dude around to take a bit of everybody's stuff. Not how much income they made but how much stuff they actually had. It's only been the last 120-ish years that the idea that wealth and income were totally different things as far as taxation is concerned emerged.

I think almost everybody would be better off if taxes were something like 1% of total assets rather than off the top of your income.

zug_zug - 2 hours ago

Yeah I'm glad somebody's talking about it. Wealth inequality seems like it will be THE defining issue of our lives (accelerated drastically by AI).

I think there are many practical ways to solve it, and would love to see more proposals out there. Instead I tend to see nihilism or division.

cdrnsf - 6 minutes ago

Reversing Citizens United, publicly funding elections, installing a functional regulatory regime and equitable taxation would go a long way.

Perhaps we could also engage in less ill considered military adventurism as well? Causing a domestic affordability crisis as a distraction and a salve for one's ego seems like a bad idea.

tantaman - an hour ago

Increased taxation would be defensible if it was paired with spending reform. Increasing the tax to just inflate a bureaucracy helps nobody. Increasing the tax and then directly paying people, with no PMC in the middle, seems win-win-win.

cfst - 2 hours ago

Regarding the IMF report, is it actually harder to hide wealth than income, or is it that there are so few global taxes on wealth that nobody's currently bothering to hide it? It seems like income, being a continuous series of transactions, would be the more difficult of the two.

teyc - 42 minutes ago

A fairer way would be requiring all excess profits be invested in hard assets like factories, infrastructure etc. capital should be forced into competition and create excess capacity.

AlexandrB - an hour ago

The elephant in the room is why governments need more money: old age benefits like social security. I fear that taxing wealth will just be a tax on future investment while funnelling that wealth to the elderly. Already, folks are pushing to make the key asset owned by the old - housing - free from property taxes (if you're over 60, naturally)[1] which will only push housing prices up and drive more budget deficits that needs fresh tax revenue.

I don't expect Social Security (or my country's equivalent) to exist in anything like its current form when I'm old enough to retire. This is the last hurrah and it's shocking how we're pulling out all the stops to make it happen.

[1] https://www.sos.ca.gov/administration/news-releases-and-advi...

masfuerte - an hour ago

I'm very surprised that Tim Bray isn't part of the richest 0.1%.

christkv - 29 minutes ago

In Europe governments make up such a big part of GDP now in some cases nearly half of it that it becomes silly to talk about the evil capitalist. We should be talking about the graft and poor spending of that money.

Atlas667 - an hour ago

Do you really understand class war? Your suggestion is having the state legislate this away as if the state isn't fully compromised by the capitalist class?

This is the main lesson of the 20th century that liberals refuse to accept; that the state is controlled by capitalist class interests. Capitalist democracy is a curated racket.

And even if we were to force legislation exactly as described above it can't and hasn't lasted long due to the incentives ($billions) to undo it. They will go as far as to kill people for this, and they have.

Legislation does NOT fundamentally change existing power relations. They have this shit in their pockets and you're just saying that we should have them take it out of their pockets.

The western allergy towards Marxism is one of the most detrimental cultural positions the working class has EVER faced.

sherburt3 - 39 minutes ago

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huragok - 2 hours ago

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