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'Neoliberal capitalism' has contributed to the rise of fascism, says Nobel laureate
(www.abc.net.au)
this post was submitted on 12 Aug 2024
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What do you mean by that? If you mean progressive taxation then I agree - IMO this is an inevitable result of democracy - in particular one citizen one vote rule.
Progressive taxation of middle class and spending that money on benefits for poor is a way of buying votes. If you can buy multiple votes of poor people at expense of one middle class vote, it's a winning strategy.
Progressive taxation is fair: someone who makes 0 from the way society is structured pays 0, because the system is clearly not working for them. Someone who makes the average wage contributes accordingly, but they are not a winner. People who are doing very well are paying a premium to society for creating the conditions for them to be doing so well.
Too bad that when you go even higher the effective tax goes down again due to all sorts of accounting tricks and outright evasion.
Pesky voting rights! For too long have the ultra wealthy had to suffer under the dictatorship of the majority. Votes should cost money and there should be no limit to how many you can buy.