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Joined 1 year ago
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Cake day: September 24th, 2023

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  • Ok, then what do you call a professional wage-labourer (“working class”, in the marxist definition) who is nonetheless a millionaire? A high-paid professional on 100k can quite easily become a millionaire in their lifetime. If they are mere workers, same as the rest of us, that just strengthens my argument because a socialist regime would have to tax them less.

    On the Panama Papres: double it, triple it. Doesn’t stop eating the rich from not being a panacea, that’s all I’m saying. At the risk of “englightend centrism” there’s a middle-ground between rothbardian economics and utopian thinking.

    That is… not how money works. In order to tax the Billionaire wealth (which primarily is the companies they own) you are either forcing them to sell (by taxing them x% of wealth, leaving them without liquid assets to pay the tax) or seizing assets and re-selling. You can’t tax the rich and expect them to stay rich forever by virtue of taxing them.


  • UK billionaires have total a net worth of about £170 billion. Would it be nice to have some of that? Sure, but it’s less than two years of pension spending (£120 billion, and going up by the minuite).

    We can tax the millionaires too, but eventually you get to the upper-middle class who are already paying a 45% marginal tax rate.

    A dose or two of socialism might get us from 71 to 69 (nice), but honestly I think we’re all going to have to suffer from the economic mistakes made over the last 14+ years.






  • You don’t need so big a change, there were startups making steam cars for pollution reasons until the invention of the catalytic convertor. (The steady continuous flame of a boiler generating far fewer harmful emissions than the pulsing flame of a diesel or petrol engine)

    Sure they’re less efficient, but that’s compensated for somewhat by the lack of a gearbox, as well as the fact that modern steam engines are to 1911 steam engines what modern diesels are to this thing