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I wrote this in response to a 'Tax the rich' post on the Fediverse, thought I may as well post it here as I already wore my fingers out typing.

The way I see it, by the time you're taxing the rich, it's already too late. Chances are the cash raised will buy weapons to kill kids in the Middle East, not help your gran stay warm or help your kids read good at school. Tax the rich, so the governemnt can do backroom deals with Palentir and put cameras everywhere with facial recoignition and digital ID, introduce Pre-Crime to the judicial system. Fun!

Tax the rich to show your continued support for the Israeli regime, tax the rich so your local MP can enjoy some really good wine for lunch, tax the rich because it sounds fun online.

Rich people live on debt and debt is extremely cheap, providing you're already rich (if you're poor, the price of credit = lol).

Folks don't get ultra rich making a cool thing that people buy. Folks get ultra rich gaming the finance system. Taxing after the event is too late (and completely avoidable by moving in and out of assets and debt structures).

It's mad, each day we see yet again what an absolute shower of cunts our political class is, yet the solution is to give them more money (which in turn, they use making deals with private companies)? It makes no sense. Sure, if they were good actors, it could work but they aren't. Now if there were a way to redistribute cash WITHOUT government intermediary? That would be cool...

I'm a lowly sound engineer on below average earnings but I know a feedback loop when I see it.

Tax the rich sounds nice... Attack the rich sounds similar but is probably more fun.

Or maybe completely destroy the finance industy and start over? Although in order to work, governments should avoid bailing the cunts out, like 2008 onwards. But hey, lets see what happens when the AI bubble collapses. Get those money printers warmed up...

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Discussion

Henry 1mo ago

The left in general seems to assume you can solve every issue with money too, persumably because they dont have any.

inpc 1mo ago

You could well be right… I come here from a pretty left perspective but what actually killed it for me was seeing up close how, in particular, the UK Labour Party has utter contempt for its members, so I’ve fallen back into a more comfortable anarchistic position.

I don’t have the answers, I can just add a touch more bass if you need it but I find the tax the rich argument frustrating as the people on government are only ever acting on their own self interest and we’ve gone to an ever increasing public/private system that ultimately means governments print money for the benefit of private shareholders. The average worker sees no upside with this arrangement and the national debt grows larger still.

Not sure K shaped economies ever worked out too well in the past. Left or right, most folks feel their money getting less valuable and if you’re already in a lower bracket, that hits especially hard. I’d push back on them not having any money, less sure but most folks trade their time for money in some way and recognise they’re getting an ever worse deal.

Obviously this isn’t news to anyone here but I feel I need to get it off my chest.

Henry 1mo ago

I used to assume I was more 'on the left' because I didnt like the neo-cons like Bush and their illegal wars and 'the left' at the time were anti war.

At one point I also used to think it was possible for the government to enforce the law on crony capitalists companies with regulation. Once I realised the revolving door between the corperate world and the government existed and was actually extremely obvious (Why else would you want to pay politicians for 'book talks' or hire Nick Clegg) , I stopped believing they were doing anything but regulatory capture to make laws that they could deal with but hindered smaller competition that couldnt deal with the regulation.

Now I dont consider myself left or right I just want less government. Some 'left' people think that is 'right wing' but to me that is some kind of weird fantasy because in the past we didnt have an endless centralised bureaucracy trying to control everything like we clearly do now. I think once the populace are taxed way less interviduals once they have their time and money back will actually have time and resources to help solve many of the problems in society better than a centralised one could ever do.

DireMunchkin 1mo ago

Well said - It's understandable normal people gravitate towards socialism when there's a cost of living crisis, but it's not really a solution .

DanDan 1mo ago

Eat them