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by HyperSane
1219 days ago
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Capitalism DOES work to generate more wealth than any other system. But if profit is your ONLY motive it causes you to treat humans very badly, as the flat out murder of strikers in the past have shown us. Capitalism needs to be tempered by requirements for employees to be treated like actual human beings. EU countries are a good example of this. Capitalism is also very good at concentrating wealth, which is bad for society in the long term as you end up with small numbers of incredibly rich people hiding away from the vast number of desperate poor people. The solution to this problem is extremely progressive income taxes and a 100% estate tax on anything over $100 million. Taxing people after they are dead is the fairest possible time to do so. |
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