this post was submitted on 07 Jul 2026
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Socialism

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[–] Saapas@piefed.zip -2 points 3 days ago* (last edited 3 days ago) (5 children)

Where would you put the wealth cap?

[–] Cowbee@lemmy.ml 1 points 2 days ago

I don't see why it would be surprising that I take more issue with the system that gives rise to inequality than trying to put an arbitrary evaluation on how much inequality is "too much." In the quest for a better world, you focus on the system, not on trying to decide how much is too much.

[–] Cowbee@lemmy.ml 3 points 3 days ago (1 children)

Just because I'm not against a wealth cap doesn't mean I am obsessed with the idea of implementing one. A wealth cap is just a form of taxation, it does little to nothing to address societal problems relating to relations of production and distribution. What is important to me is that China maintains the socialist road and continues to iteratively improve, not whether or not it picks a different tax structure.

[–] Saapas@piefed.zip -1 points 3 days ago* (last edited 3 days ago)

You'd agree with a wage cap but can't think of where to set it, not even approximately? Does that mean the number is very high or just a vague idea?

[–] Jentu@lemmy.ml 2 points 3 days ago (1 children)

They've already explained that China has more economic data to determine that theoretical cap location, so you, not being Chinese yourself, are basing your cap entirely on vibes with no insight on to how it hurts or helps Chinese people. It's just as arbitrary a number as the equivalent question one could ask you- Give me a hard number of people (through slower economic development) who should be dirt-poor in China today to prevent billionaires. Quick economic development (with the help of leashed capitalists) has lifted so many out of poverty and it seems you would happily undo this purely because rich people exist and it isn't pure enough.

[–] Saapas@piefed.zip -1 points 3 days ago

This seems to assume that China must have it right in a circular logic way, instead of explaining it with the actual numbers

[–] Cowbee@lemmy.ml 1 points 3 days ago (1 children)

If China decided to implement a wage or wealth cap down the line, I wouldn't use that as a reason to object to their economic project. Plus, they have access to more economic data than we do and would be better able to identify the consequences of implementing one.

Just because I’m not against a wage cap doesn’t mean I am obsessed with the idea of implementing one. A wage cap is just a form of taxation, it does little to nothing to address societal problems relating to relations of production and distribution. What is important to me is that China maintains the socialist road and continues to iteratively improve, not whether or not it picks a different tax structure.

[–] Saapas@piefed.zip 1 points 3 days ago* (last edited 3 days ago)

I'm just curious on what amount of wealth would be too much for a single person to hoard, in your opinion. No limit, some limit, etc

[–] Cowbee@lemmy.ml 0 points 3 days ago (1 children)

I already explained to you my position on the matter, that being that this is a terrible question because it's completely arbitrary. I don't take issue with levels of wealth, but relations of production and distribution that lead to inequality. The socialist market economy sacrificed some degree of inequality in favor of rapid and stable development, which worked, and is eroding the basis of this inequality over time.

Stop JAQing off.

[–] Saapas@piefed.zip 0 points 2 days ago

I was just surprised that there's no level of wealth where you'd go "okay that's too much", at least not in a way you are comfortable saying. Theoretically there is, but it's just a feeling, not any sort of number