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Will the global economy implode in 2016?
We're hosed - I have stocked up on canned goods
My private security guards will shoot the paupers
We'll be good or at least coast along
I have no earthly clue
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Professor Beetus
Apr 12, 2007

They can fight us
But they'll never Beetus

SHY NUDIST GRRL posted:

$11.5k a year would leave me with $2500 all year to spend after rent on a studio apartment nearby. Though I'd say the problem is that housing is bullshit.

If you assume that nothing else about the economy would change in a world in which wealth was massively and equitably redistributed on such an enormous scale, than yeah I guess it would suck. But we might as well imagine a post-scarcity Star Trek world at that point.

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Professor Beetus
Apr 12, 2007

They can fight us
But they'll never Beetus

caps on caps on caps posted:

I have some questions:
1. So I create a start-up. I hire three programmers in addition to me. Now I own only 1/4 of my idea/company? Would that not reduce my incentive to start the company ex ante?
2. What gets voted on by workers and what is managed? Does everyone get the same wage? What's keeping a dominant coalition from hoarding all profits? Is there a rule on who gets to be CEO?
3. I guess we can not have capital markets because we can not invest in companies. How do investments happen? How do companies ever grow? How do we buy that new CNC machine we need but do not have the cashflow for. Debt?
4. Isn't it terribly inefficient for everyone to have the same share no matter what capital he brings into the company? If not, how will we realistically be able to control actual work contribution?
5. Is skill taken into account or does everyone get to decide on everything? Whats keeping Trump or Le Penn type of populist from killing the company for his/her own profit?


wait, so Norway is the socialism we are talking about? Oh, so socialism is then a social market economy? Okay then.

In actuality, a proposal for a socialist system should not include any critique of capitalism and how things should be better (aka this eliminates 99% of all articles I read). Instead, it should be a proposal that stands on its own merits entirely.
Everyone can write a critique of a system. But things work the way they do because they are within the system. If you change it, you better be able to bring a good concept to the table on how poo poo works.
That's what I am looking to read.

BTW I find it funny tho that you take Piketty's theoretical model at face value, despite its technical shortcomings (don't get me wrong, the book is great even if just for the data). I mean, it's a pretty neoclassical model - which is I guess fine now as long as it shows r > g?

Holy moly maybe if you have such basic questions you should do some outside reading and then come back to the thread. You know that employee owned companies exist, right? And that they function pretty much the same as any other company except, whoa, lo and behold, employees enjoy livable wages, better benefits, and the ability to vote on company decisions. Is your mind blown yet?

Professor Beetus
Apr 12, 2007

They can fight us
But they'll never Beetus

call to action posted:

America's only "low tax" if you're rich, once you combine all the regressive nickle and dime fees like car registration that costs me $500 a year on a newer Prius, the school fees for your kids, PIFs/sales taxes that apply on food and other goods that subsidize developers, the private garbage service you need to pay for now because the city one went tits up, the water bill that spirals higher and higher every month due to boomers wanting to pass the buck for repairs to younger folk, road tolls, healthcare copays, etc. we're feed and taxed out the rear end for comparatively nothing. Look at a disgusting state like WA where the rich get by completely scot-free while people who actually need to buy goods to live pay 11%+ sales taxes

WA state is pretty weird. Politicians here keep putting income taxes on the ballot, and people keep voting them down, so regressive taxes just keep getting added and increased to make up for it. What I don't get is why they don't make a bill that introduces an income tax while simultaneously doing away with the sales tax. That might actually have a chance if voters can be decently educated. My guess is there may be something in WA State laws that prevents this, but I haven't looked into it that deeply. Either that or we just have lovely politicians which I can absolutely believe also.

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