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They aren't gonna stop are they? (thelemmy.club)
submitted 2 months ago by to c/anarchism@lemmy.dbzer0.com
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[–] 4 points 2 months ago (5 children)

By removing the financial power that people who hoard wealth hold.

That can happen while building new, non-heirarchical systems.

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  • [–] -2 points 2 months ago (4 children)

    That financial power is lobbying, enabled by taxation (us anarchists righteously call it «larceny»), that hoards wealth for the state…

    That can happen while building new, non-heirarchical systems.

    How…

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  • [–] 3 points 2 months ago (3 children)

    That financial power is lobbying, enabled by taxation (us anarchists righteously call it «larceny»), that hoards wealth for the state…

    Yes, I've seen you keep using the word "larceny". Taxation serves multiple functions, including maintaining the stability of the currency.

    Right now Elon Musk has more personal wealth than the projected 2026 GDP of 197 nations (as found on the Worldometer page of GDP by Country). In absolute terms he has more lobbying power than a majority of nation states. This is not desirable, equitable or justifiable under any ethical framework I can think of.

    Do I think taxation is desirable? No, especially not in financial systems not based on fiat money. Would I support a wealth tax that would result in removing this power from Musk, or any other person with inordinate personal wealth, while we operate in a financial system that is based on fiat money? Yes.

    That can happen while building new, non-heirarchical systems.

    How…

    As an action in parallel with other activities that actively build horizontal systems, I consider it beneficial to remove that power from the few individuals that hold it.

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  • [–] -1 points 2 months ago* (2 children)

    stability of the currency

    Backed by debt, which is theft…

    Would I support a wealth tax that would result in removing this power from Musk, or any other person with inordinate personal wealth, while we operate in a financial system that is based on fiat money? Yes.

    The wealth he obtained through subsidized projects with amerikkka’s taxes… Taxing him, through his lobby, is only going to making him richerer…

    parallel with other activities that actively build horizontal systems, I consider it beneficial to remove that power from the few individuals that hold it.

    … … How do you think those few individuals hold lobby power?

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  • [–] 4 points 2 months ago* (last edited 2 months ago) (1 child)

    Fine, we have established your opposition to a wealth tax in order to remove the power Musk holds via his wealth.

    How would you recommend dealing with the specific threat that Musk having this financial power represents?

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  • [–] -1 points 2 months ago

    Total assets, bonds, loans, stock and subsidies forfeiture, and reminting coins by Congress, and only Congress.

    I am still unsure how amerikkka will ever pay the debts owed to the Federal Reserve. Maybe make usury illegal again?

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