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Originally Posted by mirevolver
What innovations came out of China in the last 50 years? What innovations came out of Russia during soviet times? What innovations have come from Cuba since the 50s?
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Cuba isn't a fair comparison. We're talking about a few million people. What did the Soviets create? There were some small things like Sputnik, Vostok, Salyut, and Mir but nothing truly great. They also took themselves from being a peasant society to an industrial superpower.
I'm not a fan of pure socialism but capitalism is bogus as well. Is a system where 90% of the wealth is held by 5% of the population truly better? Would the economy be better if that gap was smaller?
We have this crazy idea that all it takes is a little hard work. It's total bullshit. Plenty of people work their asses off and all they have to show for it is some run-down house that is all they can afford. Most of the population is a serious illness away from losing everything.
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Applying that model of $1m to the Swedish system already mentioned with 66% taxes. That would leave you with $340k. As someone who is already annoyed by the comparatively small amount taken from my paycheck in the US, I would be furious if I saw the government take 2/3 of my money. Under those circumstances, what would be the point of working for more money, after all, the government would just take more money from you.
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I think this statement is bogus. You can apply it to any tax system. Why push for making $10/hr if the man is just going to take some of it away from you? The end result is that you have more money than you would have before.