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Capitalism
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Posted by individual, Sunday, 5 May 2019 7:40:04 AM
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There is no need for animal cruelty under any circumstance,
Oooops ! Cut & paste gone wrong, apolgies ! should be, I do however think we will see a new capitalism Posted by individual, Sunday, 5 May 2019 10:11:30 AM
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Foxy, Aiden Indy started this thread after weeks of deep thought and a heap of research
Why Is it 70 of our very biggest firms pay no tax What is wrong with the early signs the internationals may be forced to pay tax in the country money is earned in How can a family trust be tax exempt of pay very little tax Is it in everyone's interest to have some pay no tax Would the economy consume more if we paid less, but new laws saw more tax collected What is the purpose of taxing us Is it to fund the things we demand of government Then would more tax feed more infrastructure therefore more tax? Posted by Belly, Sunday, 5 May 2019 12:28:18 PM
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Hi Individual,
Capitalism is endlessly inventive, there's nothing like the threat of loss of livelihood to incentivise capitalist innovators. Once it was canal systems (eighteenth century), then steam engines driving the textile mills, then railways, then electricity, then the internal-combustion engine. And so on. Now it's subsidies for 'renewable energy', and electric cars. Each innovation means big bucks to enterprising people with capital. Even Marx talked about the endlessly revolutionary potential of capitalism (in its own interests, of course). Cheers, Joe Posted by Loudmouth, Sunday, 5 May 2019 12:47:06 PM
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http://www.econlib.org/library/Columns/y2019/LeeRogge.html
I could have posted ten thousand links like this Do so only, to support my view, and highlight others are saying the same Not looking for socialism Would be nice however to have a more socially aware capitalism Not saying any other system would work Once would have But I was wrong, slothfulness feeds on something for nothing Just as uncaring capitalism feeds off the very needy EG 32 year old male, my village, never held a job,refused a job I got him, then 26 dollars an hour, six dollars and change more than the average here in those days [said it would ruin his social life] Posted by Belly, Sunday, 5 May 2019 3:40:06 PM
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Capitalism is endlessly inventive,
Loudmouth, Of course, it has to be because of the flawed tax system ! Capitalism is about making as much profit as possible. Capitalism is not self-regulating. For capitalism to be economically sustainable it must be confined to guidelines. The problem is that the present guidelines are all over the place instead of being constantly parallel. I liken it to a rail line. If the rails widen or narrow the train will de-rail. A tax system should be based on the same principle ! Do away with write-offs, tax bracketing & negative gearing, we can't afford it any more ! Posted by individual, Sunday, 5 May 2019 7:19:09 PM
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Belly,
I think you're on the right track with that one. Because, when you think about it, it can't really go any other way. The present system is saturated with flaws & the break-down has already begun. Reward for effort really is the only way out !