If unearned income got abolished as the case in the 3rd Reich, no more rental income, no interest income, no more dividend income, no lore royalty income, no nothing., how would you cope?
>>62031318This would not affect me in the slightest.t. Wage slave
>>62031318I would do better if anything
Probably China would pay better at that point and all our talent would move there then.
>>62031325So you would support the abolition?
>>62031318I am really struggling with my own antisemitism because of that reasoning. But I know a cope: Either robotics or jeffersonian dirt farmerism. Let me plant potatoes on my own untaxed land free of running cost, you will never hear from me again.
>>62031331If the abolition of unearned income genuinely worked (somehow) I imagine the trickle down effect would put tons of money into regular wages pockets.
>>62031318>dude, national socialists are NOT socialists!!!!!!!!!!!!!!!!!!You are cattle.
>>62031438Trickle down? Daydreaming for sure. Corporations would buy back their own stocks like there's no tomorrow. Nothing will come your way...
>>62031447You are retarded if you think the "socialist" was more than just for show. They were anti-socialist/anti-communist
>>62031454If you take a good look at what the German's "socialists"/communists" had done to Germany after WWI during the Weimar period, you wouldn't be surprised that the majority of the population approved Hitler's crackdowns on them. Karma.
>>62031318>no more loans>your economy implodes via deflation>countries with bank loans grow faster than your country>you lose market share on the planet>you're unable to fund a large military with high-tech weaponry>you become a vassal state to heavily financialized countries>you lose the game
Unearned income could be classified as arbitrage, renting out equipment or tools, or any form of speculation. How would people build factories, if they dont have the means? There's a lot of competent and smart people that would be locked away from starting up businesses, creating new things and serving their communities without the access of external funding.
>>62031573But that was not what happened in Germany. In less than a year after Hitler came to power, his economic policies produced from 45% unemployment to full employment and pulled Germany as the first country out of the Great Depression.
>>62031318>really thinks that unearned income was abolished in nazi germanyretard
>>62031601>Despite objections from Schacht, the president of the Reich’s Bank, Hitler withdrew Germany’s money system from the gold standard…Hitler substituted a direct barter system in foreign dealings. German currency became defined units of human productivity.>In January 1938, the Soviet diplomat Kristyan Rakovsky commented on the German money system. Rakovsky had held posts in London and in Paris and was acquainted with Wall Street financiers. He explained, “Hitler, this uneducated ordinary man, has out of natural intuition and even despite the opposition of the technician Schacht, created an especially dangerous economic system. An illiterate in every theory of economics driven only by necessity, he has cut out international as well as private high finance. Hitler possesses almost no gold, and so he can’t endeavor to make it a basis for currency. Since the only available collateral for his money is the technical aptitude and great industriousness of the German people, technology and labor became his ‘gold’…. As you know, like magic it’s eliminated all the unemployment for more than six million skilled employees and laborers.
>Germany’s withdrawal from the gold-based, internationally linked monetary system in favor of a medium of exchange founded on domestic productivity corresponded to Hitler’s belief in maintaining the sovereignty of nations. This was an unwelcome development in London, Paris and New York, where cosmopolitan investment and banking institutions profited from loaning money to foreign countries. Germany no longer had to borrow in order to trade on the world market. Foreign demand for German goods correspondingly created more jobs within the Reich.>— Richard Tedor, Hitler’s Revolution
>>62031612Did they get rid of unearned income?
>>62031325Wagies would be angry that their 401k and IRAs are worthless
>>62031663Im not unfamiliar with the labor theory of value, thank you. But economies of scale are based on the fact that not all labor is worth the same, and also fluctuates in value (aka tools can make your work faster or slower, or can make it obsolete entirely). Someone will HAVE to assign a dollar value to your labor in the long run. What would you suggest for this?
