> Capital will put up with high taxes. It won't put up with those other things. And without capital generating surplus to bankroll social welfare programs, your

> Capital will put up with high taxes. It won't put up with those other things. And without capital generating surplus to bankroll social welfare programs, your system collapses. Using "capital" here to mean "private capital" is confusing at best, considering we are discussing socialism in general -- where the _entire point_ is that capital tends to be owned publicly -- and the Nordics in particular, where a massive amount of capital is public. https://www.peoplespolicyproject.org/2018/08/19/nordic-governments-own-33-percent-of-the-regions-wealth/ https://www.peoplespolicyproject.org/2018/08/19/nordic-gover...