What's economic populism vs Marxism?

[OddBeMe]

Because I'd have thought raising minimum wage, demanding vacation and small business loans would not be seen as "Marxist"

[exitseven]

Economic populism relies on an "Invisible Hand" to regulate commerce. It assumes that people want to earn money and will work towards that goal. This encourages innovation and economies of scale. Unions and other outside forces play a role as well.
Marxism the government takes private property and everyone works for the party. Taxing unrealized capital gains is the first step in seizing all private property. If everyone goes bankrupt the government can aquire everything and people will have no choice but to work for the government.
Think about this on November 5th

[OddBeMe]

Then why is income taxed more than capital gains?

[exitseven]

@OddBeMe The governement keeps getting bigger nd biggger and needs more and more money to support all the bloated salaries and benefits for employees and the waste and corruption keeps using a bigger and bigger share of resources income tax is raised because there is a lot more income than there are capital gains. And rich donors that contribute to political campaigns want low capital gains tax.

[Maybe_Maybe_not]

Marxism is a radical political philosophy, it has nothing to do with economic policies per se, as it implies a massive socio-philo-political transformation of the world as we know it. It cannot exist without reaching a critical point where enough people would want to shift the balance of power that holds the whole world together. It's not going to happen anytime soon lol

[OddBeMe]

Sure its philosophical but rightists are using the term as an economic slight.

[Maybe_Maybe_not]

Well, cold war, the long term dissension between Soviet USSR and USA etc. I know about the historical fears of USA, I know how they are exploited up until now. I can't expect that to change magically, especially not in a political arena where knowledge is disregarded unless it serves a political side

[Anonymous]

They've tried raising minimum wage again and again and what has happened. No we need more jobs that aren't dependent on the service industry, industry jobs brought back from abroad, lower taxes, lower house prices etc.

[OddBeMe]

Not gonna happen. We are a service economy not a labor one anymore. And if the minimum wage followed living standards it would be $32 right now.

[Opinion Owner]

A service economy doesn't work if no one can afford the service

[OddBeMe]

If they were getting paid enough they would. Explains the wealth gap

[Opinion Owner]

They wouldn't because the service industry lives off the fat of the country. No manufacturung industry, no service industry

[Anonymous]

raising the minimum would incentivize employers to fire more employees, replace them with a few but extremely hard working employees or use automation instead

sure some people might benefit while the rest will go jobless

[goaded]

Like employers don't already employ as few people as possible already.

[Opinion Owner]

@goaded yeah you should ask Joe Biden why this is the case

[goaded]

Why him? What possible control can the president have over basic capitalism? He does support unions, though, unlike Republicans. Pretty much the only thing the government can do is to raise the minimum wage.

[Opinion Owner]

@goaded ah yes. why ask Joe Biden anything then? since he clearly doesn't know how to run a country getting drive up the cost of living and force citizens into homelessness onto the streets

Democrats only support union leaders, not union workers. union leaders have no problem underpaying their workers or shipping jobs overseas for cheap labor

[goaded]

You're moving on to outright lies now? What's this month's inflation rate?

[Opinion Owner]

@goaded outright lies? you tell that to my electricity bill, my grocery receipts and my car insurance. you tell that to the homeless people on the streets I drive past every morning for work

you're full of shit, constantly playing damage control for failed Bidenomics while American citizens are suffering under this crippling economy and yet you have the audacity to accuse others of lying?

[OddBeMe]

That would be a question to your electricity provider.

As I've written, inflation is virtually over. Articial inflation is lining corporate pockets.

[Opinion Owner]

yes because my electricity provider totally knows the answers to my groceries, my car insurance, the homeless on the street etc,

[Juxtapose]

Taxing unrealized gains by 50% means that even if you don't intend to sell your house for example, you're going to be taxed on it.

[OddBeMe]

No you'd have to sell it dumbass.

[goaded]

Only if you happen to have a house worth many millions.

[OddBeMe]

Yeah less than a million, maybe more, you don't pay tax on sales. I think if you're doing several a year... ie a job, then yes.

[goaded]

"... the tax would apply only to those with wealth exceeding $100 million... it would therefore only affect the wealthiest 0.01% in the country"
www.snopes.com/.../

Not to mention it would be at 25%, not 50%. What it is with the right wing and lying about the magnitude of things?

[goaded]

What it is with the right wing and lying about the magnitude of things? ↗

[gatixek710]

Where do you tards get the idea that minimum wage should support a family?

[goaded]

The 1960s and '70s, when it was worth nearly twice what it is now and two minimum wage jobs would easily support a family.

[Juxtapose]

@goaded you can still support a family on two minimum wage jobs but it's not gonna be pretty. The economy has been tanked and the baby boomer style of life is hundreds of years away because we have to spend centuries fixing this shit.

[Juxtapose]

By hundreds of years away, I mean people are going to have to spend multiple generations fixing the economy before we can get the type of economy the baby boomers had. And that economy was right after a World War so I don't know if those conditions can ever be truly replicated.

[goaded]

@Juxtapose The idea that the US can't afford things when the vast majority of the wealth of the country is concentrated in the hands of just a few people is ridiculous. It's not "can't", it's "won't".

[Juxtapose]

@goaded hey man I would love for the military industrial complex and other parts of the deep state to go bye-bye but that's just not going to happen anytime soon.

Even if the United States had a complete revolution today and completely changed leadership, the deep state would come back and introduce wasteful spending again. What it would take to stop that would in my opinion be an extremely vigilant population that is hyper-aware of corruption and they react to it in a very violent manner. Then eventually the United States would be so inhospitable towards corruption, it would just not really have a chance to take root.

That or some type of incorruptible, eternal benevolent dictator such as some alien life form humanity can't do shit against.

[gatixek710]

@goaded IDC about 60 years ago.. It was never designed to support a family. It was really to keep black people out of the workforce. There should be zero minimum wage.

[goaded]

@gatixek710 IDC what you don't care about. 60 years ago it allowed people to support a family, today it doesn't. Increasing it today would add jobs, and the time to do it is precisely when unemployment is at record lows, like now, under Biden.

[goaded]

@Juxtapose You could strt by voting against people taking billions from foreign governments.

[gatixek710]

@goaded IF you’re a person who started working at 15 and 10 years later when it’s time for a family and you’ve not progressed in a career at all to the point where you’re making over minimum wage, you’re a complete loser.

[Juxtapose]

@goaded like Biden?

[gatixek710]

@Juxtapose bingo.

[goaded]

@Juxtapose Trump took millions in money paid to his hotels, more in "business deals", overcharged the government for accommodation for his security detail, his son in law got billions to "manage" from the Saudi government.

Years of "investigation" by a House committee into Biden? Nothing.

You really have nothing but projection, do you?

[OddBeMe]

Why do you keep sucking billionaire cock, Joel?

[gatixek710]

Lol. Why don’t you understand basic economics?

[goaded]

Did your second account get cancelled as well? I should have realised there's only one poster who's as much of an asshole as you.

[gatixek710]

@goaded aww could you cry a little harder about it?

[OddBeMe]

Seriously tho... you think billionaires are an economic plus?

[gatixek710]

Are you typing your bullshit on a device created by a billionaire or a fry cook at mcd’s

[OddBeMe]

You think steve jobs actually created the iphone?

[Sevenpointfive]

karlmala harris? eeesh