I saw POSIWID mentioned in reference to this aspect of capitalism. If capitalism keeps resulting in exploitation of the many and not the end of poverty, then its purpose is exploitation of the many.
this post was submitted on 24 Feb 2024
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I don't think a wealth tax is going to resolve all the problems of society. The rich are super good at off shoring their assets, mingling them into family, setting up legal entities to hold it, etc
The more solvable problems I see are (1) corporations basically don't pay tax (2) 1-2tn per year is not even accounted for by the US military
There's no one solution. It's going to take hundreds of solutions to make a difference. This is just one of them.
Why do people expect a system designed to make a few people rich, at the cost of all other people at that, to care about poverty?
Capitalism is doing what it's supposed to be doing. There are many ways to escape it. Nobody needs to be suffering or to be poor.
But going after the people who are good at it isn't going to solve anything. They are good at it. No matter who you tax and how much, they'll find other ways to keep being good at it.
You'd change nothing, you'd just make it even more difficult to change it for the next generation. This is exactly what the rich guys want. Until the gap is so big that any solution will be acceptable, even slavery and terminationa for being a drag on the system.
You can't use capitalism to regulate capitalism. Social things have to exist on another level entirely. Just like the judge can't be the jury and executioner.
Yes it’s why Karl Marx invented socialism my dear
Or Abū Dharr al-Ghifārī