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WSHazel

(579 posts)

1. The arguments for greater state control make me uncomfortable

Reply to erronis (Original post)

Tue Aug 26, 2025, 12:11 PM

Aug 26

The goal of any system is to raise the standard of living for the greatest number of people. Capitalism is effective at that.

There are lots of ways to increase wages in a capitalist system. Eliminate non-competes, publish wages, make employer feedback available to prospective employees. Provide tax incentives for employee ownership. That is just a starting point.

Taxes on the rich should increase until we have a balanced budget. End tax expenditures for corporations and the rich.

I get really uncomfortable with state ownership or control of private companies, because it always leads to abuse. It is what MAGA wants.

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erronis

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Highlight:

The Economic Myths Supporting The Existence Of Billionaires -- Ed Walker - Emptywheel [View all] erronis Aug 26 OP

The arguments for greater state control make me uncomfortable WSHazel Aug 26 #1

Admirable goals and actions. I hope we can see some of these in another future! erronis Aug 26 #2

Maga is certainly beginning to get that "state control of private companies" now! slightlv Aug 26 #3

It really became corporate socialism rather than laissez faire capitalism WSHazel Aug 26 #4

Excellent synopsis! Thank you! slightlv Aug 26 #5