LinkedinLunatics

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A place to post ridiculous posts from linkedIn.com

(Full transparency.. a mod for this sub happens to work there.. but that doesn't influence his moderation or laughter at a lot of posts.)

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So grounded. So humble. (lemmy.world)

submitted 5 days ago by The_Picard_Maneuver@lemmy.world to c/linkedinlunatics@sh.itjust.works

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[–] ToadOfHypnosis@lemmy.world 1 points 1 day ago* (last edited 1 day ago) (1 children)

Agree to disagree then. Even your answers show economies leave people behind in favor of profits which are entirely made up structures. I believe the benefit of people and society should supersede the power of individuals and capitalism will always give too much power to minority interest. Rich people show time and again they don't care what happens to the rest of us if it means they thrive. Capitalism rewards our worst instincts of greed and ruthless competition. You can't expect a system that exalts the most ruthless actors to take care of those who don't have the same advantages. Socialism and collective action has always been the main source of gains for the majority in capitalist systems. You just have to look at the early labor movements of the early industrial age to show how ruthless the owner class is towards it's workers when worker well being goes against their profit lust.

[–] sugar_in_your_tea@sh.itjust.works 1 points 23 hours ago

I guess we're opposites then.

I believe in prioritizing personal liberty, which means encouraging our worst instinct of greed and channeling it for the betterment of society. I believe wealth redistribution needs to be a core part of that to help those who fall through the cracks and ensure everyone can live with dignity, but that inequality is essential to properly motivate people to be productive.

I believe in georgist and related tax policies, meaning:

hefty taxes on property (should result in a very progressive tax system)
relatively low cap on inheritance (say, $50M? Maybe even $10M?) to discourage dynasties, property outside of that is auctioned and proceeds
hefty carbon and related pollution taxes
low or no income and consumption taxes
excess taxes are redistributed to the people (say, as a form of UBI or Negative Income Tax)
unrelated to Georgism - no corporate protections after a certain size; corporate protections should only apply to smaller businesses

Basically, you pay for the resources you exclude others from using, and you return the majority of it upon death. Society as a whole owns those resources, so this works as a form of rent paid to the people.

Government regulation should be minimal, and governments should only step in for things like anti-trust. Most "regulations" should be precedent established by the courts with a jury, whether through lawsuits against individuals within a corporation or the corporation as a whole (latter should be more rare).

I believe this system does a good job at correcting the negatives of capitalism while preserving its benefits.