Those loans are often several times more than the yearly income and done more frequently.
Those loans are often several times more than the yearly income and done more frequently.
Those loans are often several times more than the yearly income and done more frequently.
If a loan is acting as income (like it does for the ultra wealthy) then it should be treated like income and taxed accordingly.
Is roblox not for kids?
What’s wrong with what the CEO did? He’s right that many corps use FOSS and don’t contribute back.
No weed injection ¿
I thought it was cute.
My co worker keeps telling me to get the witcher
At my job I once spend time organizing a shelf then put everything back into the box it came in. For a whole month. Made me reflect on my upbringing on how efficient capitalism is.
Maybe experiment with the sweeteners and cream? Like honey instead of sugar. Soy instead of half and half.
I’m tempted to not reply and validate your statement.
I found this post using active and basically missed the conversation, so use new if you want to actually engage with the fellow lemms.
I wouldn’t say interchangeable, but they are not far removed. I agree with the dictionary definition that it is a system of private property with trade in a free market. I would personally add that it is motivated by greed as that is what I observe. A company that is successful will eventually want to grow. Perhaps it might turn to sabotaging the free and open market as it helps it secure its own profits. In that case it will resemble feudalism somewhat. This is based on what I have read on history and what I see on current events around me today.
But to your title. Capitalism does not say anything about cronyism being bad, nor to discourage it. I think you just really like capitalism and need to rationalize the negative stuff away because you are aware it is a bad look. I understand the mindset. I had it growing up conservative and being a member of the church.
Unfortunately, most would rather stroke their ego then explore alternative ways of thinking.
I mean there are some pretty fair criticisms of capitalism in the sub. You also did not provide your own definition of capitalism up top either, so we can only speculate what you think it is and we can only answer what we observe it to be.
I think I made my case on why I think the way I think.
I mean we can talk about what it is or is not by some definition, but that is similar to tankies saying this or that is not real communism. The reality is that that is what we observe. A big part of capitalism is personal economic gain and nepotism, monopoly, and other un competitive practices are conducive to those goals; further it is powerless to stop them.
The loan was used to evade taxes. Those loans on stocks are effectively turning their stocks into gains and should be taxed as such.