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People support capitalism on one hand , but they also do not like financial inequality

or class system .

One man earning $10000 every hour . And pays 5% tax .
One million people earning $1000 every month . And pay 30% tax .


If you support capitalism , why do you oppose financial inequality ?
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Iwillwait · M
I'm ok with classes in capitolism. Financial wealth should be earned not a right.
ninalanyon · 61-69, T
@Iwillwait How would you enforce that? Earned by whom, by which unit of society? Do you mean that the individual should start as tabula rasa and educate themselves? Or should they stand on the shoulders of those who went before? If the second then the family and society into which they are born makes a big difference to their future prospects.

The whole point about class is that it is to some degree heritable, it is the very opposite of earned.

Class in this sense is an almost inescapable feature of society. My children are better off financially and more secure than many others simply because we were already well educated and financially secure when they were born and because they were born into a society that provides education and effective social services. In what sense did they earn their financial status as compared to someone born in say Africa or India, or even in a less secure Norwegian family?

Financial wealth invariably translates into power; even if one has earned the money there is still the problem that the wealth puts one into a class that has control over members of other classes - is this right?

My own view is that we need to decouple wealth and class from power. It's working to some extent in Norway but it is hard to maintain and harder still to get started.
Iwillwait · M
Max41 · 26-30, M
@Iwillwait And tax difference , billionaire pays 5% , beggar pays 30% ?
Iwillwait · M
@Max41 pretty sure Beggers don't pay taxes at all, and if you're Incorporated, and have Itemized Deductions, then, yes those liabilities get reduced by the costs of doing business etc.
Max41 · 26-30, M
@Iwillwait Those who earn $500 as monthly salary , when the price of a car is $200,000 . when price of marriage is costly , when price of travel is costly .
They earn $500 only to feed their stomach , it is also a life of beggar , a beggar also begs not for world tour or buying gadgets , but for filling his stomach as well .

Those who earn $500 a month , are also like beggars .
And they do pay taxes . But they don't do any business that their tax rate reduces .

The real beggars may live on subsidies if they make themselves eligible for it .
Iwillwait · M
@Max41 My guess is the Panhandlers here clear 500 a day tax free.

Cars are not $200K here, they're expensive but not they are pricey.
Max41 · 26-30, M
@Iwillwait It is good if one earns $500 a day ,
but many people earn $500 a month . If they are made tax free or reduced taxes , then it is good as well .