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Calls to tax the superrich grow as economic inequality surges
(www.aljazeera.com)
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this post was submitted on 06 Sep 2023
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Trading with currency is the basis for capitalism. Capitalism is lending/investing. When you don't have any actual wares at hand, but currency, virtual value, you trade for higher future virtual value.
You could barter cows and still be in a capitalistic society. It just wouldn't be
Currency is just a way to simplify a transaction. I have a cow thatis valued at 100$. I get 100$ that I then spend on whatever. I don't need to trade a cow for a 100 eggs, then keep 10 eggs and trade for butters.
Lending isn't inherently capitalistic. I can lend a 100$ to my friend to start a business and he gives me back a 100$ after a time, no interest.
Communism is when the government steals your cows and gives you back the milk as rations.
Capitalism is when you have somebody milk the cow for you and then you sell the milk and get rich and everyone calls you Mr Milkman the Millionaire.
As you can see capitalism is a much preferable system.
Colonial America enters the chat