Quote:
Originally Posted by unit
so what you're saying is democratic socialism can be successful and several countries have pulled it off without becoming venezuela.
|
For socialism to work, you need to have money and very high level of education/common value.
Unfortunately, US is deep in debt, and the level of education or the right common value is nowhere to be found.
Take a look at what's happening in the US. You have people who are basically plaguing the benefit system and the benefit system is not sustainable.
Norway sovereign fund is 1.7trillion dollar (and growing) for a population of 5.x million of people. Roughly 300k USD per person.
In comparison, US is negative 102k USD.
I'm never against benefits. There is always a place for benefit in our society to those in need. The question is how do you fund it and make sure that it actually make an impact in our society?
The idea of Norway Sovereign fund was to use the wealth generated by their resources to fund their future. Be it their benefit program or other social needs.
In US, without a meaningful way to generate income, it's nothing more than stealing from their future generations to give to the current generation.
People who have no children don't give a fuck. They only care about themselves and how they are going to live decent the rest of their live.
The Dems plan to tax their way out for these benefits. They target the "large corporations and billionaires". But these people would eventually run out. They have the resources to make way (if there's no way) to cheat the system.
Thus, such plan is not sustainable. If they said they'd tax all natural resources, be it food, fossil oil or whatever, they might have something... because it's something that takes time to generate and would continue to generate in the foreseeable future.
The moment they mentioned that they are going to tax the wealthy and large corporations... I can bet my entire networth that this is not sustainable. Because these people are not stupid. It's actually corporation's obligation to find a way to get ahead of it. So, they will invest millions if not billions to cheat. It make financial sense... if by investing a billion dollar can save them 10 billions... why not?
And if you look at similar proposals of Trump on how he plans to finance whatever benefit system, he's actually proposing a single non-discriminative tariff for everything coming into the US, while getting rid of the income taxes.
It's actually similar to what I proposed before... a single non-discriminative low tax on everyone, no structure and money-moving around accounting BS... just a single 10% tax. Because that's what the tariff is going to do. A tax on everyone. But a person making 150k gets to keep almost the entire 150k vs. 100k that they have now.