Capitalism can not eradicate poverty
- Thread starter gore0bsessed
- Start date
We had two bouts with NDP governments in BC. Both financial disasters. They consider themselves socialists. Personally i think they are closer to fascists than socialists.
Really? Can you provide an example of one country implementing socialism that provides for everyone?
no country has been able to implement full socialism, not really possible as globally capitalism as took over like a cancer. the closest you get to socialist countries like sweden, norway , etc do pretty well though.
It's all about tax breaks where business gets more tax breaks than the worker. To solve the poverty problem give the same tax breaks to everybody. Give the same wage raises to everyone and give the same bonuses to everyone or get rid of the tax-free zones for businesses and get everyone to pay a flat tax.
The "lifestyle" of those who wish to have things handed to them rather than working for it. That is a lifestyle, believe it or not.
If you have a flat tax system in place, you really don't need any tax breaks for anyone.
In terms of wages, raises and bonuses, does 'everyone' contribute equally at all times to the bottom-line?
Yep... Entitled to all the bennies without having to assume any risk or put in the effort
I suppose it is theoretically possible to pass a flat tax, with a sufficient groundswell. But the record would indicate that any such taxing system would almost instantly start accumulating deductions, credits, set-asides, loopholes, &c. until it was over 2000 pages long, all but five or ten pages creating loopholes, 90+% of which would favor the rich.
The system we have now favors the poor. They pay no taxes and get most of the goodies.
At what level of income does one get an exemption from GST? Just curious, I'm not all that familiar with the Canadian system.
Oh, you're talking globally - well that's a different ball of wax - not!!
What poverty stricken countries, oh wise one, have a capitalist system? Which poverty stricken countries have democratic governments? Which of the wealthier nations are socialistic and/or have a communist or dictatorial governments? Capitalism may have its faults, but name me one socialist, communist, dictatorship that is perfect and whose total population is thriving and there is no poverty at all?
I'm willing to bet you can't name one.
I think Tecumschsbones put it very succinctly in his post - lets fix what's wrong with capitalism (rather than throwing the baby out with the bath water - my words).
Crony capitalism needs to be eradicated for sure. What happened on Wall Street, for example, should have resulted in people going to prison for a very long time and it didn't happen and they continue to do what they did before. But the people let it happen because they sat on their hands and couldn't be bothered to vote. That's what needs to be fixed and we need people who have the balls to do what's right. WE need to take action and not rely on others to do it for us. The "I don't bother to vote" is the reason why our countries have issues - especially since only about 40% of people bother to vote to begin with. So whose fault is that? You can blame the politicians but it really comes down to the populace allowing these things to happen and not giving a damn about it.
No one is saying that capitalism is perfect - it's not but it's the best we have and it has taken us a long way. The beauty of this system is that anyone can pick themselves up and be successful through hard work; I know because I did it.
I'm not rich by any means, I am comfortable and I thank God every day that my grandparents decided to come to this country. They lived in a shack with dirt floors and scrapped a living from the soil so that my parents could have a better life and their children an even better one and over the years, that's exactly what has happened. We are better off than our grandparents ever were. I don't apologize to anyone for what I have because I've worked hard for it. I am also blessed in that I earn enough to support my favorite charities as do others who are as fortunate as I. Companies and corporations are also generous in many ways, helping those who cannot help themselves both here and abroad. That is what capitalism has brought us and has allowed us to do.
Incidentally, to state categorically that "most people who do well have this same ideology of "got mine, the hell with the rest of you" is disingenuous since you cannot know that as a fact. Such generalizations are not helpful and tend to lower the caliber of the discussion.
JMHO
Everyone pays GST - rich or poor. When you make a purchase (with some exemptions like groceries) its paid at the till. A GST refund is given every 3 months to those who have lower incomes. The deciding factor is total income and family size.
I'm sorry, I didn't understand your answer. Could you unpack it a bit?
As I understand it, GST is roughly equivalent to what we call "sales tax." It's a percentage added onto (or contained within) the price of goods, and as I understand it, services in Canada.
Because you said the poor pay no tax, I assumed they have an exemption from GST, and I wondered at what income level that exemption kicked in. In other words, what level of income defines "poor?"
Everyone has to pay GST except Reservation Natives by showing your status card, and you can sometimes bullshyte your way out of paying GST with a Métis card.
Everyone below a certain income can get a refund (in part) or rather a credit, when you fill out your tax forms...
The exact amount I dunno I let my tax program figure it out....
You can probably find out there.........................
GST/HST credit - Application and Eligibility