> Enforcement? We already have mechanisms - progressive taxation, wealth taxes, inheritance limits. We don't lack tools; we lack political will.
Alas capital moves to wherever the taxes are lowest. The above is a good example of a well meaning idea that has failed every time it's been attempted and it's been attempted many times. Besides, there are better ways:
> They're creating artificial scarcity while preaching about market efficiency.
Indeed. But notice that the almost universal housing crisis -- universal in the West anyway -- has gotten steadily worse under the rule of the globalist progressive agenda of the Davoisee who sell themselves as friends of The People. They are lying. The people who believe in 'market efficiency' aren't making the rules.
Thanks for your insightful comment! You bring up two critical points: the mobility of capital and the role of global economic policy in shaping our current crises.
You're absolutely right that capital often flows to the lowest-tax environments, which has historically undermined attempts to rein in extreme wealth. However, this challenge highlights the need for international coordination rather than abandonment of the idea. Initiatives like the OECD's global minimum corporate tax show that multilateral agreements can curb harmful competition between nations. Similar frameworks could be explored for wealth taxation.
On your second point about housing and the role of the "Davoisee," I’d argue that while global elites may present themselves as champions of progress, the systemic issues you mention—like housing scarcity—are the result of policy choices that prioritize profits over people. It's less about left vs. right and more about who holds power and whose interests are served.
The broader issue remains: whether through unchecked capital flight or distorted housing markets, extreme wealth concentration exacerbates these problems. Tackling it requires not just policy changes but a shift in public expectations about what a fair and sustainable economy looks like.
Hey Heliox, what a superb response, I fear I expected something of lower quality, my mistake.
> the need for international coordination rather than abandonment of the idea
Indeed, and that needs to be faced squarely. Unless of course there's a better way ...
> It's less about left vs. right and more about who holds power and whose interests are served.
Quite right. I've spent years trying to get inside the minds of Trumpists -- those few who I respect -- and it seems the fundamental point for them is that The System is completely self-serving -- Red or Blue -- and that deep change is needed. The working class has been steadily impoverished for perhaps 40 years now, and that has happened at about the same speed under both the left and the right. The globalist plutocracy rules in either case.
> distorted housing markets, extreme wealth concentration exacerbates these problems
Indeed it does. Some say that one of the root causes of our political, economic and social decay is the simple bloody fact that it takes a fortune to run for office in the States. Representatives spend 3/4 of their time fund raising -- and rather obviously what they do is trade favors for money with the plutocrats.
> Enforcement? We already have mechanisms - progressive taxation, wealth taxes, inheritance limits. We don't lack tools; we lack political will.
Alas capital moves to wherever the taxes are lowest. The above is a good example of a well meaning idea that has failed every time it's been attempted and it's been attempted many times. Besides, there are better ways:
> They're creating artificial scarcity while preaching about market efficiency.
Indeed. But notice that the almost universal housing crisis -- universal in the West anyway -- has gotten steadily worse under the rule of the globalist progressive agenda of the Davoisee who sell themselves as friends of The People. They are lying. The people who believe in 'market efficiency' aren't making the rules.
Thanks for your insightful comment! You bring up two critical points: the mobility of capital and the role of global economic policy in shaping our current crises.
You're absolutely right that capital often flows to the lowest-tax environments, which has historically undermined attempts to rein in extreme wealth. However, this challenge highlights the need for international coordination rather than abandonment of the idea. Initiatives like the OECD's global minimum corporate tax show that multilateral agreements can curb harmful competition between nations. Similar frameworks could be explored for wealth taxation.
On your second point about housing and the role of the "Davoisee," I’d argue that while global elites may present themselves as champions of progress, the systemic issues you mention—like housing scarcity—are the result of policy choices that prioritize profits over people. It's less about left vs. right and more about who holds power and whose interests are served.
The broader issue remains: whether through unchecked capital flight or distorted housing markets, extreme wealth concentration exacerbates these problems. Tackling it requires not just policy changes but a shift in public expectations about what a fair and sustainable economy looks like.
Thanks for sparking such an important discussion!
Hey Heliox, what a superb response, I fear I expected something of lower quality, my mistake.
> the need for international coordination rather than abandonment of the idea
Indeed, and that needs to be faced squarely. Unless of course there's a better way ...
> It's less about left vs. right and more about who holds power and whose interests are served.
Quite right. I've spent years trying to get inside the minds of Trumpists -- those few who I respect -- and it seems the fundamental point for them is that The System is completely self-serving -- Red or Blue -- and that deep change is needed. The working class has been steadily impoverished for perhaps 40 years now, and that has happened at about the same speed under both the left and the right. The globalist plutocracy rules in either case.
> distorted housing markets, extreme wealth concentration exacerbates these problems
Indeed it does. Some say that one of the root causes of our political, economic and social decay is the simple bloody fact that it takes a fortune to run for office in the States. Representatives spend 3/4 of their time fund raising -- and rather obviously what they do is trade favors for money with the plutocrats.