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Cake day: July 12th, 2023

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  • TopRamenBinLaden@sh.itjust.workstoMemes@lemmy.mlBut "socialism" is a scary word
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    4 months ago

    Capitalism is better than feudalism, yes. The problem is that Capitalism inevitably gets to the point where it is more detrimental to the population as a whole than it is beneficial (Global Warming, Wealth inequality, power imbalances, etc.), and that point is now.

    Capitalism did bring us many advancements, but we have outgrown it. Just because it did good things at some point doesn’t mean that there isn’t something better. We should all be striving towards better as a species, but we aren’t.





  • Some of us do seem to be immune to the propaganda, though. I’ve heard so much anti-union propaganda. I’ve heard so much anti-Socialist rhetoric, anti-woke bullshit, etc. I was educated and employed in a red state.

    Yet, here I am telling you that Socialism is the truth. Unions are awesome. I support just about any marginalized groups rights. Many of my friends and family feel the same even though they were educated and indoctrinated in the same system.

    There is a lot more to it than just propaganda. I would say that tribalism plays a larger role. When someone is born into a conservative family, surrounded by conservative citizens, it becomes a lot easier to just agree with the status quo in the area to fit in. I can tell you, from my experience, that I was not very popular in school, due to being a dirty leftist with empathy.

    I will say that my immediate family is not religious, not conservative, and they are very open minded, loving and empathetic people. This is probably the main reason I was immune to the propaganda.


  • We have places like San Fransisco and New York, with some of the richest people in the whole world regularly walking past homeless encampments. I don’t think the structure is the problem. I think it has much more to do with the culture and family they are raised in.

    We live in a society that rewards narcissism. Our society tells these rich people that homeless people are only homeless because of bad personal choices.

    There is no reward for empathy, besides the positive feeling a healthy person would get from being kind. In fact, being empathetic can be a detriment to being successful, so many upper class families skip that lesson plan on purpose.





  • I agree, It is really sad for the family of this guy, and I feel bad for them.

    That being said, I feel WORSE for the millions of families who have lost a family member due to this CEOs sociopathic decisions.

    I think you put it really well with the criminal comparison. This CEO was a criminal, just one that was above the law of the US, who was never going to be brought to justice for his crimes in any other way.



  • TopRamenBinLaden@sh.itjust.workstoMicroblog Memes@lemmy.worldLeeches
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    5 months ago

    Unless you are a billionaire, or close to one, you aren’t doing what I was referring to.

    Billionaires commonly use their stock as collateral to get low interest loans. Then they use these loans to buy investments with better returns than the low interests loans that they took out. They leverage this additional capital from the investment to take out an another lower interest loan to pay off the original loan.

    They get to rinse and repeat this, unless the economy takes a huge nosedive. In that case, the amount of loans they have exceed the gains they are making and they actually have to liquidate assets and actually have to pay a lot of tax. The thing is, this doesn’t really happen often.

    Unless they get real unlucky, most of them eventually die and pass down these investments to an heir before the economy ever nosedives. The heir can cash out without paying capital gains tax, because they get a fresh starting point at whatever the accumulated wealth was.

    Basically, the capitalist class gets to avoid ever paying capital gains tax, and that sucks. This is just one of the ways they avoid paying anything back to the working class, there are plenty of others. They also use lots of legal loopholes to avoid estate tax, but that is another topic.


  • TopRamenBinLaden@sh.itjust.workstoMicroblog Memes@lemmy.worldLeeches
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    5 months ago

    But also, billionaires don’t have billions of dollars sitting in the bank.

    No, but some have billions of dollars in the stock market which they can use as a ‘bank’ anytime they want to buy something. Conveniently for them, all of that stock is unable to be taxed until it’s cashed out. Though, why would they ever cash out when they have the free money glitch using it as collateral? If they had it in the bank, then at least the interest could be taxed, I guess.