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Wealth tax does not affect companies at all, but only citizens. And the richest citizens avoid that anyway, for example by living in Monaco. Insofar as it is not circumvented, it affects the conservative, responsible citizens who save properly and, for example, have their own house.

It also causes a further pile-up of taxes (1 time on earning, then again on savings and then again when spending). Working in the Netherlands does not pay off that much for many people, while we actually need employees en masse. But people don’t get much rewarded for doing that (which in turn causes us to ’empty’ Eastern Europe by bringing workers here, tearing families there apart and causing exodus that make their countries less and less livable, which is not conducive to their happiness).

Capitalism strives for ultimate efficiency to maximize profits with the effect that quality of life and sustainability (environment) are seen as a brake on making profits.

Capitalism aspires to nothing. It is not an ideology or a living being with goals. At its core, capitalism is just natural human behavior, where people reward each other when they do things for each other. We facilitate this with the lubricant of money and with structures where people can work together to produce value for others much more efficiently. As a result, materially we are extremely richer than our forefathers. But if you don’t facilitate it or even try to suppress it (like under communism), you see people start doing it on their own.

In the end, it’s not good for things to get too extreme, but I think it’s quite absurd to pretend that we now have a lot of capitalist exploitation. Exploitation is historically low and it is precisely the government that often hinders people in all kinds of ways, for which people like you often seem to have a huge blind spot.

What we want (or I want) is a system where happiness and health naturally become the primary goal, where the balance lies with general happiness.

The problem with this is that there is no unambiguous definition of happiness or a consistency need of people. The world is so complex that it’s simply impossible to micromanage it to make everyone happy. Moreover, most of happiness and success is always the result of what people do and don’t do. That’s why capitalism is such a success, where people get to choose for themselves what profession they choose, who they work for, what they buy, etc; and where they are stimulated to make choices that help themselves (for example, by producing more value for others, so that they can also get more value in return).

On the contrary, I think it is extremely dangerous to pursue such extreme goals as making everyone happy. Then you cannot escape coercion if you think people are hindering their own happiness or the happiness of others.

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And as I said before, we’ve gotten so much richer because we’ve gotten better at doing things for each other. So that’s exactly what you have to facilitate, while this is made more and more difficult with all the rules and high taxes when people are successful after taking risks to help humanity move forward.

You get a feedback loop, because the richest individuals/companies become part of the governing body and start to skew the system in their own favor.

I now see a feedback loop in which higher educated people increasingly steer the system to their advantage. The fact is that our governments do not consist of the richest people, but structurally the most highly educated people. I also see quite structurally that the wishes and interests of the less educated are rationalized away and the highly educated always get their way as a result, but not the same with regard to wealth. For example, it is simply a fact that income inequality in the Netherlands is extremely low compared to the rest of the world.

[Reactie gewijzigd door Ludewig op 4 oktober 2022 12:06]