You do realize, flu, that workers who do all the productive work in society, and who are taxed at far higher rates, have a much harder time “accumulating wealth” than the capitalist parasites who do nothing productive for society, right? Which should we incentivize more: productive work, or speculation?
No capital has ever created itself. ALL capital was first created by labor except for the rights to certain natural resources, but even those must be extracted or improved upon **by labor** if their full value is to be realized. Without labor, there is nothing for capital to trade or bet on.[/quote]This quote demonstrates a complete lack of understanding of industrial society. So lets pose a few questions:
Where did the money come from to pay the people working on the first Railroads? (the land was gov. granted right of way, but someone paid for the dynamite, rails, steam engines, surveyors etc.)
When a factory is built, the machining/manufacturing equipment is built.. who pays for the labor there? It is not yet producing goods to offset its cost, and will take years to do it.
The internet you are using today, who paid for the wires in the ground, the routers, undersea cables? Yes the original was a DARPA project between universities, literally on dialup – later leased lines.. but we are a way from that location right now.
What about all the power and gas lines that bring both light and heat to your homes. Have you ever tried to figure out how much cabling and piping is in the ground to provide this? Who paid for it? Not the government.
The answer to all of these is “someones capital”. Someone ponied up the money. The only way that someone will risk their capital is if the return from the capital justifies or offsets the risk. Otherwise it is better to keep it under the mattress, in a bunker– or somewhere safe. The way you get ‘capital’ is by spending less than you make (basically the only way. It does help to find a way to make more though).
