449

Why are folks so anti-capitalist? (programming.dev)

submitted 1 year ago by o_o@programming.dev to c/asklemmy@lemmy.ml

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Hi all,

I'm seeing a lot of hate for capitalism here, and I'm wondering why that is and what the rationale behind it is. I'm pretty pro-capitalism myself, so I want to see the logic on the other side of the fence.

If this isn't the right forum for a political/economic discussion-- I'm happy to take this somewhere else.

Cheers!

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[-] snowe@programming.dev 8 points 1 year ago

They are probably referring to the regulations and tax code at that time. America had (at one point) a 93% effective tax rate on the richest people. That is now less than 20% (if I recall correctly). Regulations also were less in favor of corporations and more in favor of people. That has flipped.

this post was submitted on 20 Jul 2023

449 points (75.9% liked)

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