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US Politics Mega-thread - Page 5494

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Now that we have a new thread, in order to ensure that this thread continues to meet TL standards and follows the proper guidelines, we will be enforcing the rules in the OP more strictly. Be sure to give them a complete and thorough read before posting!

NOTE: When providing a source, please provide a very brief summary on what it's about and what purpose it adds to the discussion. The supporting statement should clearly explain why the subject is relevant and needs to be discussed. Please follow this rule especially for tweets.

Your supporting statement should always come BEFORE you provide the source.


If you have any questions, comments, concern, or feedback regarding the USPMT, then please use this thread: http://www.teamliquid.net/forum/website-feedback/510156-us-politics-thread
Gorsameth
Profile Joined April 2010
Netherlands22369 Posts
February 09 2026 09:59 GMT
#109861
You dont need to end the dollar or capitalism, the problem is wealth inequality. The higher % wealth you gather at the top the shittier life becomes for everyone below.

Close loopholes and increase taxes on high earners. Tax wealth, including stocks, to discourage hording. Cap salary, including bonuses and stocks to a multiplicative of minimal pay to avoid ceos making 10000x more the a floor worker.

Fixing wealth inequality would gona very long way to fixing most issues with modern capitalist society.
It ignores such insignificant forces as time, entropy, and death
GreenHorizons
Profile Blog Joined April 2011
United States23956 Posts
February 09 2026 11:04 GMT
#109862
On February 09 2026 18:59 Gorsameth wrote:
+ Show Spoiler +
You dont need to end the dollar or capitalism, the problem is wealth inequality. The higher % wealth you gather at the top the shittier life becomes for everyone below.

Close loopholes and increase taxes on high earners. Tax wealth, including stocks, to discourage hording. Cap salary, including bonuses and stocks to a multiplicative of minimal pay to avoid ceos making 10000x more the a floor worker.

Fixing wealth inequality would gona very long way to fixing most issues with modern capitalist society.

Fwiw I pitched an idea to my more right-wing buddies at the superbowl and they seemed to be receptive.

We called it "The Vital Commons Act" based around a "universal basic energy dividend" and modernizing the energy grid.

If there's some idea that's better than the LibHorizon's plan, and what I'm suggesting, we need to hear about it asap imo.
"People like to look at history and think 'If that was me back then, I would have...' We're living through history, and the truth is, whatever you are doing now is probably what you would have done then" "Scratch a Liberal..."
KT_Elwood
Profile Joined July 2015
Germany1151 Posts
Last Edited: 2026-02-09 14:35:44
February 09 2026 11:25 GMT
#109863
Basicly we are in a a stage when in a friendly family game, dad has "won" monopoly and owns 85% of all assets, all the paper money has been handed out.. but dad whipped out Excel and now in addition to all assets on the board owns multiple Excel-Tab companies that employ the other players and in return for "1 month of yard raking in october" will receive a minimum wage per Round that is to be spent.. on rent because buying out the hotel stacked streets is impossibru.. and also since the printed paper Mom-bank ran out of money.. Excel-Bank is the only source for loans.. and is controlled by dad.

Also dad is from a King novel and keeps a loaded shotgun in his lap and forces you to play on.





and the round after that.. failing to roll 3 or more, will result in a fine.

(Edit last sentence)
"First he eats our dogs, and then he taxes the penguins... Donald Trump truly is the Donald Trump of our generation. " -DPB
doubleupgradeobbies!
Profile Blog Joined June 2008
Australia1288 Posts
Last Edited: 2026-02-09 14:40:37
February 09 2026 14:34 GMT
#109864
On February 09 2026 17:18 Acrofales wrote:
Show nested quote +
On February 09 2026 09:51 doubleupgradeobbies! wrote:
On February 08 2026 12:57 Vivax wrote:
On February 07 2026 21:30 Yurie wrote:
On February 07 2026 14:48 decafchicken wrote:
This is literally the worst timeline


Naa, that was still the one where MAD failed. Or Covid mutated badly. Or more unrealistically aliens killed everybody.

US leadership being in it to enrich themselves and their friends is far from the worst one. Short term that wrecks the global political setup but China will step in. For the average person that doesn't change much in the short term. Long term we can see more states such as Iran becoming the default. Most people still live, even if conditions are only better than the 1920's globally it would still be one of the best times to be a human.


Because that‘s easier than having a voter base accept that their standard of living can‘t improve forever or must even worsen.



I'm not sure that's actually true. Both on the acceptance, and on the standards can't keep improving part.

They just haven't been realistically given good solutions to find that plateauing of standards of living. We've internalized the ever increasing actual hours of work, cost of living etc, and we assume that if overall growth slows/stops, those will keep increasing but we have a decreasing ability to pay for those costs. I don't think there's materially any reason why this has to be the case, we are just trapped in an economic system and it's attached thinking that we've built for ourselves.

It doesn't help that the very many types of rentseekers in the economy collectively benefit from this lack of ideological flexibility, that cost of living goes somewhere, even as it is more unaffordable for the everyday person, and it goes to the pockets of the rent seekers.

I also don't see why the standards of living can't keep improving. Even though manufacturing in the US is struggling, it is geographically a gifted land, with immense resources, and fertility to support a lot of people.

All its current problems stem from it being cost inefficient to make things there. But all the manpower, knowhow, most of the resources are readily available. Even if something is economically 'inefficient', doesn't mean you can't do it if you really wanted to. Money, at the end of the day, isn't.... real... it's an measure.. hell not even a measure, an indicator of value, an indicator that has been warped long past resembling the material value it's supposed to represent. Not everything you do has to be efficient in dollar terms.

It may have to default on its current debts and stop living off it's exorbitant privilege, but if it wanted to, the US would economically survive.



Nice entry and welcome to the thread. But if your suggestion is to end the dollar and capitalism as we know it, you're still a bit light on what you'd replace it with. How would you suggest reorganizing things so that the majority do see the increase in living standards (e.g. in a reduction of working hours)?


You don't need to end the dollar or capitalism, just don't be a slave to it. Treat it as the tool that it is, a flawed tool in it's current state at that.

Not everything has to be about the maximization of profit. The US already does many things that would be considered by economists to be inefficient, from subsidies to farming and fossil fuels, to tariffs.

Many of these policies can be used in more intentional, well thought out ways. Rather than a reactionary response against perceived attempts of the rest of the world to 'take advantage of' or 'threaten' the US. You can just collectively decide, there are things you want (like say, self sufficiency on food, or certain industries), and you'd rather have that than the maximisation of the absolute number of dollars you (or some rich dude, or some faceless corporation) can make.

I don't recommend the end of capitalism, just that there are some things better not decided by the free market. Most other developed countries seem to understand that the free market often creates outcomes that are.. maybe efficient... but most people would still describe as undesirable. Often you can decide, as a people, or through government that you want to force a different solution that may not be the free market.

I like KT_Elwoods analogy:

On February 09 2026 20:25 KT_Elwood wrote:
Basicly we are in a a stage when in a friendly family game, dad has "won" monopoly and owns 85% of all assets, all the paper money has been handed out.. but dad whipped out Excel and now in addition to all assets on the board owns multiple Excel-Tab companies that employ the other players and in return for "1 month of yard raking in october" will receive a minimum wage per Round that is to be spent.. on rent because buying out the hotel stacked streets is impossibru.. and also since the printed paper Mom-bank ran out of money.. Excel-Bank is the only source for loans.. and is controlled by dad.

Also dad is from a King novel and keeps a loaded shotgun in his lap and forces you to play on.

and the round after that.. failing to roll 3 or more, will result in a "p


Bar for the shotgun, the family can decide NOT to have their lives decided by the game of monopoly. You can roster the yard raking, cooking and other chores so that your lives... work... Monopoly isn't THAT important, it not essential to making all of the rest of your lives work. You can just divvy up the chores, and find ways to pay rent and pay for food without monopoly, your lives will probably be better if you just stop playing monopoly.

Yes, dad still has a shotgun, some of you may also need to get shotguns so he can't force you all to keep playing monopoly at gunpoint. I don't think the political situation in real life is as bad as that yet, I think achieving this through politics is still probably possible.

You just need to convince a couple of the kids that Monopoly isn't some magic best way to run your household. It's not some sacred, infallible document drafted by perfect grandparents, blessed by god, and handed down to manifest your household's destiny. Chances are, you are probably subject to the same rules and constraints as all the other households in the neighborhood, you aren't that special, the same things that work/don't work for every other household will probably work equally well/badly for you.



MSL, 2003-2011, RIP. OSL, 2000-2012, RIP. Proleague, 2003-2012, RIP. And then there was none... Even good things must come to an end.
Biff The Understudy
Profile Blog Joined February 2008
France8081 Posts
February 09 2026 14:47 GMT
#109865
On February 08 2026 04:08 Sermokala wrote:
Also the french revolution didn't abolish feudalism. It was one of histories biggest failures. got tens of millions killed over a decade of wars only to result in the status quo being defended and reinforced.

The fear of the guillotine and the excesses of the Revolution really cemented conservatism in the age of Mettternich. Every time someone mentioned liberal ideas, be it a Constitution or the freedom of the press, the reactionary forces would raise the specter of the guillotine as the thing that happens when you give the mob any rights.

The French Revolution was a totally positive thing until the war and the descent into far left extremism. At the end, it massively delayed the advent of liberalism in Europe.
The fellow who is out to burn things up is the counterpart of the fool who thinks he can save the world. The world needs neither to be burned up nor to be saved. The world is, we are. Transients, if we buck it; here to stay if we accept it. ~H.Miller
oBlade
Profile Blog Joined December 2008
United States6131 Posts
Last Edited: 2026-02-09 17:55:04
February 09 2026 16:09 GMT
#109866
On February 09 2026 18:59 Gorsameth wrote:
You dont need to end the dollar or capitalism, the problem is wealth inequality. The higher % wealth you gather at the top the shittier life becomes for everyone below.

Close loopholes and increase taxes on high earners. Tax wealth, including stocks, to discourage hording. Cap salary, including bonuses and stocks to a multiplicative of minimal pay to avoid ceos making 10000x more the a floor worker.

Fixing wealth inequality would gona very long way to fixing most issues with modern capitalist society.

"Tax stocks"

If you tax unrealized gains of publicly traded companies, you disincentivize companies to go public. You disincentivize investment and creation of such companies. You then keep the low and middle class out of the stock market which is one of the key ways to build wealth and build a retirement. Try to look past first order effects towards unintended consequences.

That leaves private companies.

Meanwhile the lower/lower middle class are already out of those because they can't get past the accredited investor rule. If you want to eliminate that you could theoretically democratize access to hedge funds and venture capital, but you would also democratize people blowing up their net worths.

Now if you want to tax unrealized gains of privately traded companies (also), your issue is how to value the holdings to begin with before you can value the taxes.

So just try public first because at least there we have publicly available stock quotes. In 7 years of taxing a 1 billion stock holding at 10% annually, you have reduced it to under $500 million. But by forcing the person to sell in order to pay taxes on it, you also drive supply up and therefore price down, making it worth even less. Essentially if you taxed unrealized gains at all, let alone more than inflation, you blew up financial markets. If you tax the unrealized gains of investment, you broadly discourage certain kinds of investing, when investing is the only reason that kind of value exists in markets to begin with.

So make this tax per holding in each individual company, and not total overall wealth? Then Mr. Shiny Top Hat simply diversifies and stays wealthy, while not taking any of the risks that create new opportunities and huge new innovation, because it doesn't behoove him to. It doesn't pay.

But we taxed him right? Maybe the government can do something useful with the money. They're good stewards of tax dollars, right. Except the government doesn't have to actually get a return. The government can just lose money with no consequences to itself. They can spend money on things that don't work, and even things that will never work. They can overpay for everything. They can spend money to do nothing. Investors don't have the luxury of such irresponsibility.

When you have massive stock in a billions of dollars company you made, you are not "hoarding," you're keeping control of the thing you made yourself. Making them give up their stake would not make everyone else rich. It would turn capitalism into why-botherism, It would make every large company have no leadership, and have the same vague directionless goals that plague modern governments by making everyone an equal partner in the company. We already have the equal partner system, it's democracy. Government and economic systems should be parallel but not mirror each other. In democracy one human votes, in capitalism one dollar votes. We don't need capitalism to also be one person one vote because it and democracy are nested within each other. The key misunderstanding you have is thinking capitalism is a zero-sum competition. It's not. It's cooperation. That's why people at the bottom of Africa and India have shitty lives despite that their 1% isn't so strong or hasn't gathered as much wealth.

Like "hoarding" I just can't get over this. Control of companies is not mercantilism. There's no hoarding. You know what companies people didn't "hoard?" Enron. Sears. Radioshack.

You cannot hoard something which has theoretically unlimited supply, which is stock in publicly traded companies, which is at some base level ultimately connected with how productive markets are and how much capital is moving through them. Literally make your own company. It's like saying someone else is hoarding their house. It's their house. Speaking of which, unlike value in public companies, property (real estate, land) is actually fixed and limited. That would be the thing to tax to discourage the hoarding of.
"I read it. You know how to read, you ignorant fuck?" - Andy Dufresne
KT_Elwood
Profile Joined July 2015
Germany1151 Posts
February 09 2026 16:18 GMT
#109867
Bar for the shotgun


You'd have to vastly expand the analogy to make your family being socioeconomicly peer pressured into playing on and on and on while climbing over others to compete for a more effective money per time opportunity.

point is.. the system is designed to not let you out but also it's impossible odds to win if you start low.

I am not for communism, but once all the streets on the board have been sold, the game should go into a mild reset.

I didn't vote for billionaires to run the world... once financial power becomes a political wreckingball there shall be a vote if the individual can keep the wealth or if it's to be split e.g. amongst employees.

I also didn't want capitalism to become this consolidated so that market mechanisms are get to be ratchets that only ever make things more shitty and more expensive - because there is no more chance at competition.



"First he eats our dogs, and then he taxes the penguins... Donald Trump truly is the Donald Trump of our generation. " -DPB
WombaT
Profile Blog Joined May 2010
Northern Ireland26794 Posts
February 09 2026 16:45 GMT
#109868
On February 09 2026 20:25 KT_Elwood wrote:
Basicly we are in a a stage when in a friendly family game, dad has "won" monopoly and owns 85% of all assets, all the paper money has been handed out.. but dad whipped out Excel and now in addition to all assets on the board owns multiple Excel-Tab companies that employ the other players and in return for "1 month of yard raking in october" will receive a minimum wage per Round that is to be spent.. on rent because buying out the hotel stacked streets is impossibru.. and also since the printed paper Mom-bank ran out of money.. Excel-Bank is the only source for loans.. and is controlled by dad.

Also dad is from a King novel and keeps a loaded shotgun in his lap and forces you to play on.





and the round after that.. failing to roll 3 or more, will result in a fine.

(Edit last sentence)

Kudos for that analogy, well-played
'You'll always be the cuddly marsupial of my heart, despite the inherent flaws of your ancestry' - Squat
Jankisa
Profile Blog Joined October 2010
Croatia1389 Posts
February 09 2026 17:06 GMT
#109869
Boards of directors can hide risky speculations and protect themselves from loss, while the ordinary shareholder bears the burden. This system allows a small financial oligarchy to manipulate public capital with far less personal risk than a traditional businessman, to me, the biggest thing Epstein files revealed is how these elites use power brokers like him to trade inside information and make sure they are the ones at the top.

This financial power inevitably compromises the integrity of the state, regardless of its form of government. The revolving door between public office and private banking has been going on for hundreds of years, from early 19th century bankers to senators getting board seats of MIC companies, it ensures that the bureaucracy serves the plutocracy.

Highest stage of capitalism is ultimately characterized by the total separation of the ownership of capital from the application of it to production. Society becomes dominated by the the financial elites who live off interest, investments, mergers and deals, not to mention market manipulation.

This monopoly stage concentrates wealth into so few hands that it doesn't leave a lot for the rest of us, creating a global hierarchy ruled by a financial elite.

These are the people behind Trump, he was and is one of them, so when they figured out he and his populist bullshit works on the masses they kicked it into overdrive, with Bannon connecting with Epstein and spreading the right wing populism gospel everywhere.

So, are you a pessimist? - On my better days. Are you a nihilist? - Not as much as I should be.
dyhb
Profile Joined August 2021
United States310 Posts
February 09 2026 17:35 GMT
#109870
On February 10 2026 01:09 oBlade wrote:
Show nested quote +
On February 09 2026 18:59 Gorsameth wrote:
You dont need to end the dollar or capitalism, the problem is wealth inequality. The higher % wealth you gather at the top the shittier life becomes for everyone below.

Close loopholes and increase taxes on high earners. Tax wealth, including stocks, to discourage hording. Cap salary, including bonuses and stocks to a multiplicative of minimal pay to avoid ceos making 10000x more the a floor worker.

Fixing wealth inequality would gona very long way to fixing most issues with modern capitalist society.

"Tax stocks"

If you tax unrealized gains of publicly traded companies, you disincentivize companies to go public. You disincentivize investment and creation of such companies. You then keep the low and middle class out of the stock market which is one of the key ways to build wealth and build a retirement. Try to look past first order effects towards unintended consequences.

Meanwhile the lower/lower middle class are already out of those because they can't get past the accredited investor rule. If you want to eliminate that you could theoretically democratize access to hedge funds and venture capital, but you would also democratize people blowing up their net worths.

Now if you want to tax unrealized gains of privately traded companies (also), your issue is how to value the holdings to begin with before you can value the taxes.

So just try public first because at least there we have publicly available stock quotes. In 7 years of taxing a 1 billion stock holding at 10% annually, you have reduced it to under $500 million. But by forcing the person to sell in order to pay taxes on it, you also drive supply up and therefore price down, making it worth even less. Essentially if you taxed unrealized gains at all, let alone more than inflation, you blew up financial markets. If you tax the unrealized gains of investment, you broadly discourage certain kinds of investing, when investing is the only reason that kind of value exists in markets to begin with.

So make this tax per holding in each individual company, and not total overall wealth? Then Mr. Shiny Top Hat simply diversifies and stays wealthy, while not taking any of the risks that create new opportunities and huge new innovation, because it doesn't behoove him to. It doesn't pay.

But we taxed him right? Maybe the government can do something useful with the money. They're good stewards of tax dollars, right. Except the government doesn't have to actually get a return. The government can just lose money with no consequences to itself. They can spend money on things that don't work, and even things that will never work. They can overpay for everything. They can spend money to do nothing. Investors don't have the luxury of such irresponsibility.

When you have massive stock in a billions of dollars company you made, you are not "hoarding," you're keeping control of the thing you made yourself. Making them give up their stake would not make everyone else rich. It would turn capitalism into why-botherism, It would make every large company have no leadership, and have the same vague directionless goals that plague modern governments by making everyone an equal partner in the company. We already have the equal partner system, it's democracy. Government and economic systems should be parallel but not mirror each other. In democracy one human votes, in capitalism one dollar votes. We don't need capitalism to also be one person one vote because it and democracy are nested within each other. The key misunderstanding you have is thinking capitalism is a zero-sum competition. It's not. It's cooperation. That's why people at the bottom of Africa and India have shitty lives despite that their 1% isn't so strong or hasn't gathered as much wealth.

Like "hoarding" I just can't get over this. Control of companies is not mercantilism. There's no hoarding. You know what companies people didn't "hoard?" Enron. Sears. Radioshack.

You cannot hoard something which has theoretically unlimited supply, which is stock in publicly traded companies, which is at some base level ultimately connected with how productive markets are and how much capital is moving through them. Literally make your own company. It's like saying someone else is hoarding their house. It's their house. Speaking of which, unlike value in public companies, property (real estate, land) is actually fixed and limited. That would be the thing to tax to discourage the hoarding of.
Before you even get to wealth taxes, stocks taxes, salary bonuses and stock caps, you have the initial start of "the problem is wealth inequality. The higher % wealth you gather at the top the shittier life becomes for everyone below." Like saying it makes it true.

As if I work harder or longer for an extra 200$ this month, and suddenly the life of the poor becomes shittier from the increased inequality (or I save up an extra 200$ in savings, and the life of the poor becomes shittier from the increased wealth inequality). It's just Orwell's observation that the socialists of this world display their hatred of the rich, while seldom showing evidence of their affection towards the poor.

This is in-group signaling of class prejudice. It resembles and mirrors the rhetoric they typically like to attack, such as "a rising tide lifts all boats" or "the rich don't stuff their money under mattresses." Politically, it breeds a reactionary force to the politics of envy.
Dan HH
Profile Joined July 2012
Romania9207 Posts
February 09 2026 18:07 GMT
#109871
On February 10 2026 02:35 dyhb wrote:
Show nested quote +
On February 10 2026 01:09 oBlade wrote:
On February 09 2026 18:59 Gorsameth wrote:
You dont need to end the dollar or capitalism, the problem is wealth inequality. The higher % wealth you gather at the top the shittier life becomes for everyone below.

Close loopholes and increase taxes on high earners. Tax wealth, including stocks, to discourage hording. Cap salary, including bonuses and stocks to a multiplicative of minimal pay to avoid ceos making 10000x more the a floor worker.

Fixing wealth inequality would gona very long way to fixing most issues with modern capitalist society.

"Tax stocks"

If you tax unrealized gains of publicly traded companies, you disincentivize companies to go public. You disincentivize investment and creation of such companies. You then keep the low and middle class out of the stock market which is one of the key ways to build wealth and build a retirement. Try to look past first order effects towards unintended consequences.

Meanwhile the lower/lower middle class are already out of those because they can't get past the accredited investor rule. If you want to eliminate that you could theoretically democratize access to hedge funds and venture capital, but you would also democratize people blowing up their net worths.

Now if you want to tax unrealized gains of privately traded companies (also), your issue is how to value the holdings to begin with before you can value the taxes.

So just try public first because at least there we have publicly available stock quotes. In 7 years of taxing a 1 billion stock holding at 10% annually, you have reduced it to under $500 million. But by forcing the person to sell in order to pay taxes on it, you also drive supply up and therefore price down, making it worth even less. Essentially if you taxed unrealized gains at all, let alone more than inflation, you blew up financial markets. If you tax the unrealized gains of investment, you broadly discourage certain kinds of investing, when investing is the only reason that kind of value exists in markets to begin with.

So make this tax per holding in each individual company, and not total overall wealth? Then Mr. Shiny Top Hat simply diversifies and stays wealthy, while not taking any of the risks that create new opportunities and huge new innovation, because it doesn't behoove him to. It doesn't pay.

But we taxed him right? Maybe the government can do something useful with the money. They're good stewards of tax dollars, right. Except the government doesn't have to actually get a return. The government can just lose money with no consequences to itself. They can spend money on things that don't work, and even things that will never work. They can overpay for everything. They can spend money to do nothing. Investors don't have the luxury of such irresponsibility.

When you have massive stock in a billions of dollars company you made, you are not "hoarding," you're keeping control of the thing you made yourself. Making them give up their stake would not make everyone else rich. It would turn capitalism into why-botherism, It would make every large company have no leadership, and have the same vague directionless goals that plague modern governments by making everyone an equal partner in the company. We already have the equal partner system, it's democracy. Government and economic systems should be parallel but not mirror each other. In democracy one human votes, in capitalism one dollar votes. We don't need capitalism to also be one person one vote because it and democracy are nested within each other. The key misunderstanding you have is thinking capitalism is a zero-sum competition. It's not. It's cooperation. That's why people at the bottom of Africa and India have shitty lives despite that their 1% isn't so strong or hasn't gathered as much wealth.

Like "hoarding" I just can't get over this. Control of companies is not mercantilism. There's no hoarding. You know what companies people didn't "hoard?" Enron. Sears. Radioshack.

You cannot hoard something which has theoretically unlimited supply, which is stock in publicly traded companies, which is at some base level ultimately connected with how productive markets are and how much capital is moving through them. Literally make your own company. It's like saying someone else is hoarding their house. It's their house. Speaking of which, unlike value in public companies, property (real estate, land) is actually fixed and limited. That would be the thing to tax to discourage the hoarding of.
Before you even get to wealth taxes, stocks taxes, salary bonuses and stock caps, you have the initial start of "the problem is wealth inequality. The higher % wealth you gather at the top the shittier life becomes for everyone below." Like saying it makes it true.

As if I work harder or longer for an extra 200$ this month, and suddenly the life of the poor becomes shittier from the increased inequality (or I save up an extra 200$ in savings, and the life of the poor becomes shittier from the increased wealth inequality). It's just Orwell's observation that the socialists of this world display their hatred of the rich, while seldom showing evidence of their affection towards the poor.

This is in-group signaling of class prejudice. It resembles and mirrors the rhetoric they typically like to attack, such as "a rising tide lifts all boats" or "the rich don't stuff their money under mattresses." Politically, it breeds a reactionary force to the politics of envy.

Sorry mate, I think you'll need to do a few more million hours of overtime to dictate policy or get in Epstein's inbox.
KwarK
Profile Blog Joined July 2006
United States43989 Posts
February 09 2026 18:14 GMT
#109872
On February 10 2026 01:09 oBlade wrote:
Show nested quote +
On February 09 2026 18:59 Gorsameth wrote:
You dont need to end the dollar or capitalism, the problem is wealth inequality. The higher % wealth you gather at the top the shittier life becomes for everyone below.

Close loopholes and increase taxes on high earners. Tax wealth, including stocks, to discourage hording. Cap salary, including bonuses and stocks to a multiplicative of minimal pay to avoid ceos making 10000x more the a floor worker.

Fixing wealth inequality would gona very long way to fixing most issues with modern capitalist society.

"Tax stocks"

If you tax unrealized gains of publicly traded companies, you disincentivize companies to go public. You disincentivize investment and creation of such companies. You then keep the low and middle class out of the stock market which is one of the key ways to build wealth and build a retirement. Try to look past first order effects towards unintended consequences.

That leaves private companies.

Meanwhile the lower/lower middle class are already out of those because they can't get past the accredited investor rule. If you want to eliminate that you could theoretically democratize access to hedge funds and venture capital, but you would also democratize people blowing up their net worths.

Now if you want to tax unrealized gains of privately traded companies (also), your issue is how to value the holdings to begin with before you can value the taxes.

So just try public first because at least there we have publicly available stock quotes. In 7 years of taxing a 1 billion stock holding at 10% annually, you have reduced it to under $500 million. But by forcing the person to sell in order to pay taxes on it, you also drive supply up and therefore price down, making it worth even less. Essentially if you taxed unrealized gains at all, let alone more than inflation, you blew up financial markets. If you tax the unrealized gains of investment, you broadly discourage certain kinds of investing, when investing is the only reason that kind of value exists in markets to begin with.

So make this tax per holding in each individual company, and not total overall wealth? Then Mr. Shiny Top Hat simply diversifies and stays wealthy, while not taking any of the risks that create new opportunities and huge new innovation, because it doesn't behoove him to. It doesn't pay.

But we taxed him right? Maybe the government can do something useful with the money. They're good stewards of tax dollars, right. Except the government doesn't have to actually get a return. The government can just lose money with no consequences to itself. They can spend money on things that don't work, and even things that will never work. They can overpay for everything. They can spend money to do nothing. Investors don't have the luxury of such irresponsibility.

When you have massive stock in a billions of dollars company you made, you are not "hoarding," you're keeping control of the thing you made yourself. Making them give up their stake would not make everyone else rich. It would turn capitalism into why-botherism, It would make every large company have no leadership, and have the same vague directionless goals that plague modern governments by making everyone an equal partner in the company. We already have the equal partner system, it's democracy. Government and economic systems should be parallel but not mirror each other. In democracy one human votes, in capitalism one dollar votes. We don't need capitalism to also be one person one vote because it and democracy are nested within each other. The key misunderstanding you have is thinking capitalism is a zero-sum competition. It's not. It's cooperation. That's why people at the bottom of Africa and India have shitty lives despite that their 1% isn't so strong or hasn't gathered as much wealth.

Like "hoarding" I just can't get over this. Control of companies is not mercantilism. There's no hoarding. You know what companies people didn't "hoard?" Enron. Sears. Radioshack.

You cannot hoard something which has theoretically unlimited supply, which is stock in publicly traded companies, which is at some base level ultimately connected with how productive markets are and how much capital is moving through them. Literally make your own company. It's like saying someone else is hoarding their house. It's their house. Speaking of which, unlike value in public companies, property (real estate, land) is actually fixed and limited. That would be the thing to tax to discourage the hoarding of.

Interesting theories but you’re missing two extremely obvious things which are absolutely devastating to your argument. Kind of embarrassing really. For you to have spent all that time writing that and to have missed them.
ModeratorThe angels have the phone box
GreenHorizons
Profile Blog Joined April 2011
United States23956 Posts
February 09 2026 18:31 GMT
#109873
On February 10 2026 01:18 KT_Elwood wrote:
Show nested quote +
Bar for the shotgun

+ Show Spoiler +

You'd have to vastly expand the analogy to make your family being socioeconomicly peer pressured into playing on and on and on while climbing over others to compete for a more effective money per time opportunity.

point is.. the system is designed to not let you out but also it's impossible odds to win if you start low.

I am not for communism, but once all the streets on the board have been sold, the game should go into a mild reset.

I didn't vote for billionaires to run the world... once financial power becomes a political wreckingball there shall be a vote if the individual can keep the wealth or if it's to be split e.g. amongst employees.


I also didn't want capitalism to become this consolidated so that market mechanisms are get to be ratchets that only ever make things more shitty and more expensive - because there is no more chance at competition.


That's one of the wonderful things about capitalism, it and the capitalists running it don't care what you want. Regulatory capture is a feature, not a bug.
"People like to look at history and think 'If that was me back then, I would have...' We're living through history, and the truth is, whatever you are doing now is probably what you would have done then" "Scratch a Liberal..."
LightSpectra
Profile Blog Joined October 2011
United States2584 Posts
February 09 2026 19:03 GMT
#109874
On February 10 2026 02:35 dyhb wrote:
Show nested quote +
On February 10 2026 01:09 oBlade wrote:
On February 09 2026 18:59 Gorsameth wrote:
You dont need to end the dollar or capitalism, the problem is wealth inequality. The higher % wealth you gather at the top the shittier life becomes for everyone below.

Close loopholes and increase taxes on high earners. Tax wealth, including stocks, to discourage hording. Cap salary, including bonuses and stocks to a multiplicative of minimal pay to avoid ceos making 10000x more the a floor worker.

Fixing wealth inequality would gona very long way to fixing most issues with modern capitalist society.

"Tax stocks"

If you tax unrealized gains of publicly traded companies, you disincentivize companies to go public. You disincentivize investment and creation of such companies. You then keep the low and middle class out of the stock market which is one of the key ways to build wealth and build a retirement. Try to look past first order effects towards unintended consequences.

Meanwhile the lower/lower middle class are already out of those because they can't get past the accredited investor rule. If you want to eliminate that you could theoretically democratize access to hedge funds and venture capital, but you would also democratize people blowing up their net worths.

Now if you want to tax unrealized gains of privately traded companies (also), your issue is how to value the holdings to begin with before you can value the taxes.

So just try public first because at least there we have publicly available stock quotes. In 7 years of taxing a 1 billion stock holding at 10% annually, you have reduced it to under $500 million. But by forcing the person to sell in order to pay taxes on it, you also drive supply up and therefore price down, making it worth even less. Essentially if you taxed unrealized gains at all, let alone more than inflation, you blew up financial markets. If you tax the unrealized gains of investment, you broadly discourage certain kinds of investing, when investing is the only reason that kind of value exists in markets to begin with.

So make this tax per holding in each individual company, and not total overall wealth? Then Mr. Shiny Top Hat simply diversifies and stays wealthy, while not taking any of the risks that create new opportunities and huge new innovation, because it doesn't behoove him to. It doesn't pay.

But we taxed him right? Maybe the government can do something useful with the money. They're good stewards of tax dollars, right. Except the government doesn't have to actually get a return. The government can just lose money with no consequences to itself. They can spend money on things that don't work, and even things that will never work. They can overpay for everything. They can spend money to do nothing. Investors don't have the luxury of such irresponsibility.

When you have massive stock in a billions of dollars company you made, you are not "hoarding," you're keeping control of the thing you made yourself. Making them give up their stake would not make everyone else rich. It would turn capitalism into why-botherism, It would make every large company have no leadership, and have the same vague directionless goals that plague modern governments by making everyone an equal partner in the company. We already have the equal partner system, it's democracy. Government and economic systems should be parallel but not mirror each other. In democracy one human votes, in capitalism one dollar votes. We don't need capitalism to also be one person one vote because it and democracy are nested within each other. The key misunderstanding you have is thinking capitalism is a zero-sum competition. It's not. It's cooperation. That's why people at the bottom of Africa and India have shitty lives despite that their 1% isn't so strong or hasn't gathered as much wealth.

Like "hoarding" I just can't get over this. Control of companies is not mercantilism. There's no hoarding. You know what companies people didn't "hoard?" Enron. Sears. Radioshack.

You cannot hoard something which has theoretically unlimited supply, which is stock in publicly traded companies, which is at some base level ultimately connected with how productive markets are and how much capital is moving through them. Literally make your own company. It's like saying someone else is hoarding their house. It's their house. Speaking of which, unlike value in public companies, property (real estate, land) is actually fixed and limited. That would be the thing to tax to discourage the hoarding of.
Before you even get to wealth taxes, stocks taxes, salary bonuses and stock caps, you have the initial start of "the problem is wealth inequality. The higher % wealth you gather at the top the shittier life becomes for everyone below." Like saying it makes it true.

As if I work harder or longer for an extra 200$ this month, and suddenly the life of the poor becomes shittier from the increased inequality (or I save up an extra 200$ in savings, and the life of the poor becomes shittier from the increased wealth inequality). It's just Orwell's observation that the socialists of this world display their hatred of the rich, while seldom showing evidence of their affection towards the poor.

This is in-group signaling of class prejudice. It resembles and mirrors the rhetoric they typically like to attack, such as "a rising tide lifts all boats" or "the rich don't stuff their money under mattresses." Politically, it breeds a reactionary force to the politics of envy.


George Orwell was a democratic-socialist that supported the Labour Party of the UK nationalizing 20% of the economy, which resulted in an unprecedented skyrocketing of standards of living and innumerable working class people being able to visit a doctor for the first time in their life.

Call it "envy" or "prejudice" all you like, but if taking away a billionaire's fifth mega-yacht to pay for shelter for homeless children is that, then I'm with that.
2006 Shinhan Bank OSL Season 3 was the greatest tournament of all time
Simberto
Profile Blog Joined July 2010
Germany11839 Posts
February 09 2026 19:22 GMT
#109875
On February 10 2026 04:03 LightSpectra wrote:
Show nested quote +
On February 10 2026 02:35 dyhb wrote:
On February 10 2026 01:09 oBlade wrote:
On February 09 2026 18:59 Gorsameth wrote:
You dont need to end the dollar or capitalism, the problem is wealth inequality. The higher % wealth you gather at the top the shittier life becomes for everyone below.

Close loopholes and increase taxes on high earners. Tax wealth, including stocks, to discourage hording. Cap salary, including bonuses and stocks to a multiplicative of minimal pay to avoid ceos making 10000x more the a floor worker.

Fixing wealth inequality would gona very long way to fixing most issues with modern capitalist society.

"Tax stocks"

If you tax unrealized gains of publicly traded companies, you disincentivize companies to go public. You disincentivize investment and creation of such companies. You then keep the low and middle class out of the stock market which is one of the key ways to build wealth and build a retirement. Try to look past first order effects towards unintended consequences.

Meanwhile the lower/lower middle class are already out of those because they can't get past the accredited investor rule. If you want to eliminate that you could theoretically democratize access to hedge funds and venture capital, but you would also democratize people blowing up their net worths.

Now if you want to tax unrealized gains of privately traded companies (also), your issue is how to value the holdings to begin with before you can value the taxes.

So just try public first because at least there we have publicly available stock quotes. In 7 years of taxing a 1 billion stock holding at 10% annually, you have reduced it to under $500 million. But by forcing the person to sell in order to pay taxes on it, you also drive supply up and therefore price down, making it worth even less. Essentially if you taxed unrealized gains at all, let alone more than inflation, you blew up financial markets. If you tax the unrealized gains of investment, you broadly discourage certain kinds of investing, when investing is the only reason that kind of value exists in markets to begin with.

So make this tax per holding in each individual company, and not total overall wealth? Then Mr. Shiny Top Hat simply diversifies and stays wealthy, while not taking any of the risks that create new opportunities and huge new innovation, because it doesn't behoove him to. It doesn't pay.

But we taxed him right? Maybe the government can do something useful with the money. They're good stewards of tax dollars, right. Except the government doesn't have to actually get a return. The government can just lose money with no consequences to itself. They can spend money on things that don't work, and even things that will never work. They can overpay for everything. They can spend money to do nothing. Investors don't have the luxury of such irresponsibility.

When you have massive stock in a billions of dollars company you made, you are not "hoarding," you're keeping control of the thing you made yourself. Making them give up their stake would not make everyone else rich. It would turn capitalism into why-botherism, It would make every large company have no leadership, and have the same vague directionless goals that plague modern governments by making everyone an equal partner in the company. We already have the equal partner system, it's democracy. Government and economic systems should be parallel but not mirror each other. In democracy one human votes, in capitalism one dollar votes. We don't need capitalism to also be one person one vote because it and democracy are nested within each other. The key misunderstanding you have is thinking capitalism is a zero-sum competition. It's not. It's cooperation. That's why people at the bottom of Africa and India have shitty lives despite that their 1% isn't so strong or hasn't gathered as much wealth.

Like "hoarding" I just can't get over this. Control of companies is not mercantilism. There's no hoarding. You know what companies people didn't "hoard?" Enron. Sears. Radioshack.

You cannot hoard something which has theoretically unlimited supply, which is stock in publicly traded companies, which is at some base level ultimately connected with how productive markets are and how much capital is moving through them. Literally make your own company. It's like saying someone else is hoarding their house. It's their house. Speaking of which, unlike value in public companies, property (real estate, land) is actually fixed and limited. That would be the thing to tax to discourage the hoarding of.
Before you even get to wealth taxes, stocks taxes, salary bonuses and stock caps, you have the initial start of "the problem is wealth inequality. The higher % wealth you gather at the top the shittier life becomes for everyone below." Like saying it makes it true.

As if I work harder or longer for an extra 200$ this month, and suddenly the life of the poor becomes shittier from the increased inequality (or I save up an extra 200$ in savings, and the life of the poor becomes shittier from the increased wealth inequality). It's just Orwell's observation that the socialists of this world display their hatred of the rich, while seldom showing evidence of their affection towards the poor.

This is in-group signaling of class prejudice. It resembles and mirrors the rhetoric they typically like to attack, such as "a rising tide lifts all boats" or "the rich don't stuff their money under mattresses." Politically, it breeds a reactionary force to the politics of envy.


George Orwell was a democratic-socialist that supported the Labour Party of the UK nationalizing 20% of the economy, which resulted in an unprecedented skyrocketing of standards of living and innumerable working class people being able to visit a doctor for the first time in their life.

Call it "envy" or "prejudice" all you like, but if taking away a billionaire's fifth mega-yacht to pay for shelter for homeless children is that, then I'm with that.


A core problem is that people just cannot imagine just how absurdly rich the super rich are. Because it doesn't translate to stuff normal people understand. Like that example of "working hard to gain an extra $200 a month". That is the kind of money normal people think about. The superrich are so rich that spending two seconds to pick up $200 laying on the ground is an inefficient use of their time."

If you earn $200k a year, and never spend a cent, (and don't get any capital gains aka other people working for you), you'd need to have started to do that roughly when the first pyramids were build in Egypt to make even a single billion. And there are people out there who personally own hundreds of billions. That kind of wealth doesn't translate into work anymore, which is how normal people measure wealth.

If you are immortal, and earn a million dollars a year, (and obviously never spent a cent) and you started working roughly when when humans first left Africa, then you still only own roughly 50 billion, and there are a few dozen people who are richer than you. In fact, Elon Musk gained more wealth this year than you did in your whole immortal life.
dyhb
Profile Joined August 2021
United States310 Posts
February 09 2026 19:48 GMT
#109876
On February 10 2026 04:03 LightSpectra wrote:
Show nested quote +
On February 10 2026 02:35 dyhb wrote:
On February 10 2026 01:09 oBlade wrote:
On February 09 2026 18:59 Gorsameth wrote:
You dont need to end the dollar or capitalism, the problem is wealth inequality. The higher % wealth you gather at the top the shittier life becomes for everyone below.

Close loopholes and increase taxes on high earners. Tax wealth, including stocks, to discourage hording. Cap salary, including bonuses and stocks to a multiplicative of minimal pay to avoid ceos making 10000x more the a floor worker.

Fixing wealth inequality would gona very long way to fixing most issues with modern capitalist society.

"Tax stocks"

If you tax unrealized gains of publicly traded companies, you disincentivize companies to go public. You disincentivize investment and creation of such companies. You then keep the low and middle class out of the stock market which is one of the key ways to build wealth and build a retirement. Try to look past first order effects towards unintended consequences.

Meanwhile the lower/lower middle class are already out of those because they can't get past the accredited investor rule. If you want to eliminate that you could theoretically democratize access to hedge funds and venture capital, but you would also democratize people blowing up their net worths.

Now if you want to tax unrealized gains of privately traded companies (also), your issue is how to value the holdings to begin with before you can value the taxes.

So just try public first because at least there we have publicly available stock quotes. In 7 years of taxing a 1 billion stock holding at 10% annually, you have reduced it to under $500 million. But by forcing the person to sell in order to pay taxes on it, you also drive supply up and therefore price down, making it worth even less. Essentially if you taxed unrealized gains at all, let alone more than inflation, you blew up financial markets. If you tax the unrealized gains of investment, you broadly discourage certain kinds of investing, when investing is the only reason that kind of value exists in markets to begin with.

So make this tax per holding in each individual company, and not total overall wealth? Then Mr. Shiny Top Hat simply diversifies and stays wealthy, while not taking any of the risks that create new opportunities and huge new innovation, because it doesn't behoove him to. It doesn't pay.

But we taxed him right? Maybe the government can do something useful with the money. They're good stewards of tax dollars, right. Except the government doesn't have to actually get a return. The government can just lose money with no consequences to itself. They can spend money on things that don't work, and even things that will never work. They can overpay for everything. They can spend money to do nothing. Investors don't have the luxury of such irresponsibility.

When you have massive stock in a billions of dollars company you made, you are not "hoarding," you're keeping control of the thing you made yourself. Making them give up their stake would not make everyone else rich. It would turn capitalism into why-botherism, It would make every large company have no leadership, and have the same vague directionless goals that plague modern governments by making everyone an equal partner in the company. We already have the equal partner system, it's democracy. Government and economic systems should be parallel but not mirror each other. In democracy one human votes, in capitalism one dollar votes. We don't need capitalism to also be one person one vote because it and democracy are nested within each other. The key misunderstanding you have is thinking capitalism is a zero-sum competition. It's not. It's cooperation. That's why people at the bottom of Africa and India have shitty lives despite that their 1% isn't so strong or hasn't gathered as much wealth.

Like "hoarding" I just can't get over this. Control of companies is not mercantilism. There's no hoarding. You know what companies people didn't "hoard?" Enron. Sears. Radioshack.

You cannot hoard something which has theoretically unlimited supply, which is stock in publicly traded companies, which is at some base level ultimately connected with how productive markets are and how much capital is moving through them. Literally make your own company. It's like saying someone else is hoarding their house. It's their house. Speaking of which, unlike value in public companies, property (real estate, land) is actually fixed and limited. That would be the thing to tax to discourage the hoarding of.
Before you even get to wealth taxes, stocks taxes, salary bonuses and stock caps, you have the initial start of "the problem is wealth inequality. The higher % wealth you gather at the top the shittier life becomes for everyone below." Like saying it makes it true.

As if I work harder or longer for an extra 200$ this month, and suddenly the life of the poor becomes shittier from the increased inequality (or I save up an extra 200$ in savings, and the life of the poor becomes shittier from the increased wealth inequality). It's just Orwell's observation that the socialists of this world display their hatred of the rich, while seldom showing evidence of their affection towards the poor.

This is in-group signaling of class prejudice. It resembles and mirrors the rhetoric they typically like to attack, such as "a rising tide lifts all boats" or "the rich don't stuff their money under mattresses." Politically, it breeds a reactionary force to the politics of envy.


George Orwell was a democratic-socialist that supported the Labour Party of the UK nationalizing 20% of the economy, which resulted in an unprecedented skyrocketing of standards of living and innumerable working class people being able to visit a doctor for the first time in their life.

Call it "envy" or "prejudice" all you like, but if taking away a billionaire's fifth mega-yacht to pay for shelter for homeless children is that, then I'm with that.
He also had some penetrating insight on the thinking of the post I responded to.
LightSpectra
Profile Blog Joined October 2011
United States2584 Posts
February 09 2026 19:59 GMT
#109877
Like "Every line of serious work that I have written since 1936 has been written, directly or indirectly, against totalitarianism and for democratic Socialism"? Or perhaps "any rich man, unless he is a Jew, has less to fear from Fascism than from either Communism or democratic Socialism. One ought never to forget this, for nearly the whole of [Nazi] German and [Fascist] Italian propaganda is designed to cover it up"? Or perhaps "Socialism aims, ultimately, at a world-state of free and equal human beings. It takes the equality of human rights for granted. Nazism assumes just the opposite. The driving force behind the Nazi movement is the belief in human inequality"?
2006 Shinhan Bank OSL Season 3 was the greatest tournament of all time
dyhb
Profile Joined August 2021
United States310 Posts
February 09 2026 21:44 GMT
#109878
On February 10 2026 04:59 LightSpectra wrote:
Like "Every line of serious work that I have written since 1936 has been written, directly or indirectly, against totalitarianism and for democratic Socialism"? Or perhaps "any rich man, unless he is a Jew, has less to fear from Fascism than from either Communism or democratic Socialism. One ought never to forget this, for nearly the whole of [Nazi] German and [Fascist] Italian propaganda is designed to cover it up"? Or perhaps "Socialism aims, ultimately, at a world-state of free and equal human beings. It takes the equality of human rights for granted. Nazism assumes just the opposite. The driving force behind the Nazi movement is the belief in human inequality"?
I think you should start with the quoted thought from my post, which you haven’t commented on, before moving onto whatever other quotes and contexts you want to talk about instead.
LightSpectra
Profile Blog Joined October 2011
United States2584 Posts
February 09 2026 21:58 GMT
#109879
Your paraphrase of an Orwell quote is an internal criticism he used among other people of the same ideology that he thought were going about achieving their ideology poorly. It's not a criticism of socialism itself, let alone an endorsement of inaction about wealth inequality.
2006 Shinhan Bank OSL Season 3 was the greatest tournament of all time
dyhb
Profile Joined August 2021
United States310 Posts
February 09 2026 22:34 GMT
#109880
On February 10 2026 06:58 LightSpectra wrote:
Your paraphrase of an Orwell quote is an internal criticism he used among other people of the same ideology that he thought were going about achieving their ideology poorly. It's not a criticism of socialism itself, let alone an endorsement of inaction about wealth inequality.
You’re getting closer. Remember, you can examine Republicans from perceived party dynamics within the party, despite not being a Republican or aligned with the party’s goals in general. The redistributionist or anti-rich critique suffers today as it did during Orwell’s time for a similar reason. It’s advanced more out of hatred than compassion. You’ll notice that the post said nothing about the poor, and neither would I expect it to. That’s both visible from within center-left circles and from across the aisle. Orwell did, after all, publish his books publicly.

I hope, for the future, that people here and in prominent public-facing roles learn that class prejudice and frankly envy are hurting the cause. It’s the conditions of the poor — let’s say topics like income mobility, availability and price of housing, food, education — that motivate expanded spending. Not that you’re focused on inequality qua inequality and wish that the rich be taken down a notch in order to decrease it. Like I said earlier, and despite attempts to otherize the rich to avoid confronting it, one persons success does not further immiserate those in a comparatively poorer position.
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