3 ms·
This is a true observation, a part of it also comes from the threshold where you can afford a team of personal financial advisors and some lawyers for wealth ma
by MyFirstSass 3y ago
This is a true observation, a part of it also comes from the threshold where you can afford a team of personal financial advisors and some lawyers for wealth management.
The masses have to pay taxes but i've met plenty of wealthy people that reach this "escape velocity" when they can afford people to setup intricate schemes to absolutely minimise taxes, then their money become almost autonomous as other people are constantly working on increasing their small cut of it while you are doing very little.
So while most countries have some progressive tax system on the surface, this only penalises "new money", the middle classes and the naive or inexperienced founders - the really rich pay less than everyone else, so there is in effect a regressive tax system globally favouring old money or people well connected to the law and financial complexes.
A good example of these gates to the upper classes, at least in EU, is from a fundamental level like early tax brackets, because if any regular person "hits it big" in some way, a lot of the money will disappear into taxes and bureaucratic mazes, favouring the workers who average out their pay over many years staying in lower brackets or rich people who'd just put the money into a company or fund.
So the "system" really doesn't like people entering the upper echelons and will do everything to siphon your money before this escape velocity.
- jampekka 3y agoWealth taxes used to be quite common before the wealthy figured out how to use powerful propaganda frameworks like neoclassical economics and neoliberal ideology to make sure they keep getting even wealthier and more powerful.
- MyFirstSass 3y agoTrue and quite ironic. The financial elite gets the mercantile middle classes hit the hardest by their bell curve tax system to rally for their own tax exemptions and deregulation also making these ideologies easy to spread in bourgeois or even petite bourgeois society while they'll never really reap the benefits. Also reading the history about the advent and transformation of neoclassical economics it seems it was exactly that, a well thought out scheme to dupe the middle and lower classes to accept a system never really intended to favour them. Classical liberalism seems almost left wing in this context, and that is not weird when realising this was a project thought by a nexus of plutocrats like Rockefeller in combination with the dawning sciences of propaganda and control of the dangerous masses that could become enamoured with socialism. A new ideology had to be spread and so the intelligentsia of the day met up very openly to discuss rebranding various older unnamable ideologies for the masses to steer them from collective power or true autonomy. It sounds very conspiratorial like this if it wasn't right there in history in the culture around Edward Bernais, american oligarchs or italian fascists talking about the need for "A new liberalism" in the 1920's and masses that could be "moulded" with ideology or phantasms created top down.