this post was submitted on 30 Sep 2023
2014 points (96.5% liked)

Lefty Memes

4173 readers
662 users here now

An international (English speaking) socialist Lemmy community free of the "ML" influence of instances like lemmy.ml and lemmygrad. This is a place for undogmatic shitposting and memes from a progressive, anti-capitalist and truly anti-imperialist perspective, regardless of specific ideology.

Serious posts, news, and discussion go in c/Socialism.

If you are new to socialism, you can ask questions and find resources over on c/Socialism101.

Please don't forget to help keep this community clean by reporting rule violations, upvoting good contributions and downvoting those of low-quality!

Rules

0. Only post socialist memes

That refers to funny image macros and means that generally videos and screenshots are not allowed. Exceptions include explicitly humorous and short videos, as well as (social media) screenshots depicting a funny situation, joke, or joke picture relating to socialist movements, theory, societal issues, or political opponents. Examples would be the classic case of humorous Tumblr or Twitter posts/threads. (and no, agitprop text does not count as a meme)

1. Socialist Unity in the form of mutual respect and good faith interactions is enforced here

Try to keep an open mind, other schools of thought may offer points of view and analyses you haven't considered yet. Also: This is not a place for the Idealism vs. Materialism or rather Anarchism vs. Marxism debate(s), for that please visit c/AnarchismVsMarxism.

2. Anti-Imperialism means recognizing capitalist states like Russia and China as such,

as well as condemning (their) imperialism, even if it is of the "anti-USA" flavor.

3. No liberalism, (right-wing) revisionism or reactionaries.

That includes so called: Social Democracy, Democratic Socialism, Dengism, Market Socialism, Patriotic Socialism, National Bolshevism, Anarcho-Capitalism etc. . Anti-Socialist people and content have no place here, as well as the variety of "Marxist"-"Leninists" seen on lemmygrad and more specifically GenZedong (actual ML's are welcome as long as they agree to the rules and don't just copy paste/larp about stuff from a hundred years ago).

4. No Bigotry.

The only dangerous minority is the rich.

5. Don't demonize previous and current socialist experiments or (leading) individuals.

We must constructively learn from their mistakes, while acknowledging their achievements and recognizing when they have strayed away from socialist principles.

(if you are reading the rules to apply for modding this community, mention "Mantic Minotaur" when answering question 2)

6. Don't idolize/glorify previous and current socialist experiments or (leading) individuals.

Notable achievements in all spheres of society were made by various socialist/people's/democratic republics around the world. Mistakes, however, were made as well: bureaucratic castes of parasitic elites - as well as reactionary cults of personality - were established, many things were mismanaged and prejudice and bigotry sometimes replaced internationalism and progressiveness.

7. Absolutely no posts or comments meant to relativize(/apologize for), advocate, promote or defend:

(This is not a definitive list, the spirit of the other rules still counts! Eventual duplicates with other rules are for emphasis.)

founded 1 year ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 4 points 1 year ago* (last edited 1 year ago)

Because a ton of wealth is caught up in assets that were already taxed in some way, or is not directly usable. Yeah I might have a few million dollars in assets, but if those are all caught up in shares of a company I'd have to sell a ton just for the mere fact of me owning them.

I'm personally not at all a fan of double-dipping on taxes. I was taxed to make money and taxed to buy stocks, that should be it until I've sold them or realized any gain from them. Property tax makes sense on some level, since you're taking up physical space and helping to pay for the utilities you use in your area. But I don't agree on a tax for just owning something otherwise, it feels incredibly scummy.

There are other solutions to the problem that don't involve losing shares in a company you've built yourself and still taxes in a way that's less shitty. The rich pay less in taxes by taking out loans against their assets, which is fine, but those loans aren't counted as income for good reason (otherwise buying a house would mean tens of thousands in taxes just for getting the loan), but they need an income to pay back those loans and that income would be taxed, so I'm not certain there's a lot that could be rightly done there, either. It would also fuck with a lot of business financials if you start progressively taxing larger loans as income, but it's something to consider I guess.

I'm not sure what the solution is. Personally I see little difference in someone having 200 million in assets and 70 billion purely from the standpoint of "how much could a person reasonably spend in a year," but I digress.

In my opinion, the more egregious issue is that the mere fact of having that much money could be easily used to manipulate markets and should be considered anti-competitive from its mere existence. Good on you for making that much money, I applaud you, but capitalism requires healthy competition and if you have literal trillions to outcompete competition by hemorrhaging money through losses for hundreds of years then that's fundamentally anti-competitive because nobody's going to challenge you. It's a losing game and breaks the capitalistic contract necessary for a healthy economy.

Companies should not have any means of becoming so unfathomably large, and that alone would resolve the issue of "paying their fair share."