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In reply to the discussion: The differences between Socialism & Communism [View all]AntiFascist
(13,626 posts)"Private property is a foundational element of capitalism, enabling individuals to own and control resources, which in turn drives economic activity and growth. This ownership incentivizes individuals to invest, innovate, and efficiently utilize resources, leading to increased production and wealth. Without private property, the core mechanisms of capitalism, such as free markets and competition, would be significantly weakened."
What I'm talking about with respect to government wealth is what our taxes go toward.
It's true that wealthy capitalists tend to want to be taxed disproportionately and this is where stricter government regulation comes into play. As oligarchs have taken over government, not only are they wanting to eliminate their own taxes, but they want to partially make up for the resulting deficit by eliminating social programs. If there were more democratized control over the government wealth, this would be more difficult, while Congress is unable, currently, to fulfill that purpose because of the often-violent threats against them by the MAGA base. Even today a moderate Republican senator has decided to leave government, likely for that very reason. Exactly the tactics used by Hitler when he came to power!
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