Late Stage Capitalism

This reminds me of a government scheme some ten years ago or so. Workfair it was called, or something.

In short, someone claiming job seekers allowance would be required to work something like 10 hours a week for a company such as Tesco, or Poundland in order to be eligible for their welfare payments. On the face of it, fair enough. The person gets some work experience and the possibility of being hired.

Except all it really did was provide free labour to companies whose profits were in the billions. And that labour was paid by the tax payer.

And no one in the government at the time either saw how bad that might look, or more likely, cared.

I still think about that.

And the Walton family sponsored the no kings protest!

They unironically live in NWA and refuse to acknowledge the humor. They’re not human.

Trickle down economics ... give more money to the ultra rich and eventually some money goes down to the people at the bottom of the economic system

The problem they've discovered after 50 years of this system is that there just isn't enough money in the universe to send to the top and allow enough of it to flow down to the bottom.

A billion dollars only allows a dollar to get to a person living on the street ... so we have to send billions, trillions, gajillions of dollars to the super-ultra-giga rich to get enough money to average people.

This is the problem of trickle down economics .... we just haven't given enough money to the top yet

We have to give the rich more! ... in order to save the poor ... do it for the poor!

I verified the number because it doesn't sound quite right. Walmart makes profit of roughly $20B yearly, per day that is $55M, the family owns around half.

So they make like $25M per day.

That is still insane amount of money, and probably also they do some tricks to lower the profit and hide the money through some loopholes, like all the millionaires/billionaires.

Nobody needs that kind of money, so they should be taxed like hell, but not in this world

It could

If it were done right. Just as Communism really really would end poverty and save the world and bring equality for all if juuuust done right.

I gettit, capitalism as done now (especially in the US) is a joke where the rich leech the poor and destroy the world

Tax the shit out of them. Leave capitalism be, but put up taxes in brackets that hits 100% after 10M net worth. This way, you still have the raw resource making power of captialism, but the richest anyone can get is 10 million networth.

Similarly for companies, once they get bigger, taxes go up untill it hits, say, a billion in net worth.

No company shall be too big to fail, too big to not steal, lie, and cheat, too big to be a net positive for humanity

This way governments end up with huge tax incomes. Use that tax for free healthcare for all, same with education, housing, public transportation, all free, even universal income

I think that'll work a whole lot better than "let's try communism" which simply won't happen and it would destroy us all.

No, energy sources end poverty. There was plenty of capitalism before even coal, but lots of poverty.

Capitalism can end poverty for sure and was definitely a step up from feudalism.. it just happens to also birth a whole slew of contradictions within the social fabric.

Wait do people actually claim that?

Like I guess it does, for the rich assholes. But it sure seems to make a lot more for the other people

So for one minute of profit they could pay 350 people $25/h for a full day. 21000 people with a full hours profit!

I cannot take seriously any claim of the ultra wealthy “making” x number of dollars per minute/hour/day. That’s just not how wealth works.