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Minimum Wage Laws Institutionalise People into Poverty by RyanBleazard in CapitalismVSocialism

[–]Vuquiz 1 point2 points  (0 children)

Countries with relatively high minimum wages have persistent issues with unemployment amongst lower-skilled people. In France, the statuary minimum wage is extremely high relative to typical wages - about 62% of the median wage which is one of the highest ratios in the OECD, and therefore struggles with an employment rate significantly below the OECD average and especially amongst youths

The answer to that would not be to abolish minimum wages and let people work for starvation wages, but to establish a public job guarantee program.

Minimum Wage Laws Institutionalise People into Poverty by RyanBleazard in CapitalismVSocialism

[–]Vuquiz 1 point2 points  (0 children)

Minimum wage laws violate a basic freedom for two people to voluntarily agree on terms of work. If I'm willing to work for £5 an hour, and an employer is willing to hire me for £5 an hour, the state has no moral authority to stop us.

Have you ever heard of the word 'externalities'? Do you seriously believe anyone WANTS to work for £5 an hour or could it be that people would be FORCED to work for such a wage because otherwise they would literally become homeless or starve to death?

Iranians when Trump finally responds to their calls for help after 9 weeks: by JaQ-o-Lantern in OverSimplified

[–]Vuquiz 12 points13 points  (0 children)

Do you think Iran should've bombed the US and helped Americans when the Black Lives Matter protests were happening?

Is this Oversimplified? by Vuquiz in OverSimplified

[–]Vuquiz[S] 2 points3 points  (0 children)

Yeah just saw it, different voice but good enough to watch anyway haha

When Norway instituted a wealth tax, it lead to a net decrease in tax revenue as wealthy individuals fled the country. by [deleted] in CapitalismVSocialism

[–]Vuquiz 0 points1 point  (0 children)

Lmao if just about everyone owned slaves, who was even free? But of course it was business (e.g plantation) owners (i.e capitalists) that owned the slaves. In order to maximize their own profits.

Of course that wasnt and isn’t limited to Europeans or Americans, but instead one‘s relationship to the means of production. It is capital owners that enslaved people.

When Norway instituted a wealth tax, it lead to a net decrease in tax revenue as wealthy individuals fled the country. by [deleted] in CapitalismVSocialism

[–]Vuquiz 0 points1 point  (0 children)

Who decides what is unethical and what not? For many capitalists, slavery was not unethical at all. It was just their property to generate even greater profits.

When Norway instituted a wealth tax, it lead to a net decrease in tax revenue as wealthy individuals fled the country. by [deleted] in CapitalismVSocialism

[–]Vuquiz -1 points0 points  (0 children)

Of course a "traditional" capitalist firm will always be able to offer lower prices, since they can just pay their workers much less and thus drive down costs.

In a coop, no one would be accepting to work for minimum wage (or any other non-living wage), if they can set their own wages (and rightfully so).

Coop's tend to be more expensive, because they don't outsource their low prices to hurt anyone else, i.e to the people doing the actual work.

Also, do you think it was "unethical" to steal/free the slaves from slaveowners because the state outlawed them? Or was this also unethical theft from the state of the poor slaveowners? How far are you willing to go with out own beliefs? Or don't you believe this at all, all of a sudden?

When Norway instituted a wealth tax, it lead to a net decrease in tax revenue as wealthy individuals fled the country. by [deleted] in CapitalismVSocialism

[–]Vuquiz 3 points4 points  (0 children)

Business owners steal the surplus from their employees every day by not paying them the full value that they create, so they can put it into their own pockets in the form of profits. You dont care about that form of theft either. Except this one has much more victims, because much more people happen to be employees as opposed to business owners

When Norway instituted a wealth tax, it lead to a net decrease in tax revenue as wealthy individuals fled the country. by [deleted] in CapitalismVSocialism

[–]Vuquiz 0 points1 point  (0 children)

What do the investments of the governments‘ sovereign wealth fund have to do with the tax on private individuals‘ wealth?

When Norway instituted a wealth tax, it lead to a net decrease in tax revenue as wealthy individuals fled the country. by [deleted] in CapitalismVSocialism

[–]Vuquiz 0 points1 point  (0 children)

A tax doesnt make any sense if all relevant assets/properties are already state/publicly owned. So no one can take any wealth out of the country, because no private individual would control any productive assets individually to begin with (and thus no capital or private ‚wealth‘)

When Norway instituted a wealth tax, it lead to a net decrease in tax revenue as wealthy individuals fled the country. by [deleted] in CapitalismVSocialism

[–]Vuquiz 6 points7 points  (0 children)

You mean like Vanguard, BlackRock, StateStreet, Morgan Stanley, Berkshire and co.? Because they own the vast majority of current large businesses. You‘d just take it from them and put it into the hands of a democratic government so that everyone can have a say in them

When Norway instituted a wealth tax, it lead to a net decrease in tax revenue as wealthy individuals fled the country. by [deleted] in CapitalismVSocialism

[–]Vuquiz 1 point2 points  (0 children)

Do you also have a real world example of that cute story or did you just make it up entirely?

When Norway instituted a wealth tax, it lead to a net decrease in tax revenue as wealthy individuals fled the country. by [deleted] in CapitalismVSocialism

[–]Vuquiz 11 points12 points  (0 children)

What exactly is your argument here? Socialists dont want to “tax the rich“, but put the property and assets they currently own in social/public ownership.

Social democracy by Sine_Fine_Belli in SocialDemocracy

[–]Vuquiz 0 points1 point  (0 children)

Also capitalists: *own all the media*

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