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Re:Limitarianism: The Case Against Extreme Wealth: Ingrid Ro... by medo-bear on Friday February 02, 2024 @03:18PM (#39233716)
Wealth caps of 15M is certainly not communism

> Ambition and envy are basic human traits

No they are not

Re:Limitarianism: The Case Against Extreme Wealth: Ingrid Ro... by nobleach on Friday February 02, 2024 @04:59PM (#39235021)
As someone who has worked extremely hard to acquire assets great than 15 million, who do you suggest has the authority to come and take some of it away from me. And what will they do with the resources they confiscate?
Re:Limitarianism: The Case Against Extreme Wealth: Ingrid Ro... by yellowapple on Friday February 02, 2024 @05:04PM (#39235082)
By what authority are those assets "yours" in the first place? Whence did those assets originate?
Re:Limitarianism: The Case Against Extreme Wealth: Ingrid Ro... by germandiago on Friday February 02, 2024 @06:08PM (#39235710)
I suspect it is not someone that came and gave it for free.

So I would say they should belong to the keeper right now.

And if it was a gift, it would still be a property transfer. So still his.

Re:Limitarianism: The Case Against Extreme Wealth: Ingrid Ro... by yellowapple on Friday February 02, 2024 @06:31PM (#39235954)
> I suspect it is not someone that came and gave it for free.

I suspect that whatever price was charged was a bargain compared to what it's actually worth - and thus the transfer was at the expense of the rest of society.

> And if it was a gift, it would still be a property transfer. So still his.

And if that "gift" was stolen from someone else beforehand?

Re:Limitarianism: The Case Against Extreme Wealth: Ingrid Ro... by germandiago on Friday February 02, 2024 @06:49PM (#39236104)
> And if that "gift" was stolen from someone else beforehand?

Then that would be theft and not legitimate property transfer. I was talking about cases where a gift is from someone who earned it and transferred something, a donation.

Not from a government that gifts via regulations or a thief that steals something and donates after the fact. Though there is no difference in either IMHO.

Re:Limitarianism: The Case Against Extreme Wealth: Ingrid Ro... by yellowapple on Friday February 02, 2024 @07:47PM (#39236519)
How about from a government that conquers land and sells it to profiteers on the cheap (who then rent it out and/or resell it for considerable profit)?

How about from a government that - instead of taxing that aforementioned conquered land and the ownership thereof - shifts the tax burden onto the working class (via income and sales taxes), robbing us blind while subsidizing the owning class (who is then happy to rob the working class further via skyrocketing rents)?

The vast majority of people "earning" tens of millions of dollars in this country are not doing so via their own hard work. They are doing so by rentseeking - by being parasites on local, national, and global economies. Their wealth derives from theft, plain and simple.

And there just so happens to be a solution to that theft: https://en.wikipedia.org/wiki/Land_value_tax

Re:Limitarianism: The Case Against Extreme Wealth: Ingrid Ro... by germandiago on Saturday February 03, 2024 @07:06AM (#39239571)
I am against taxes in general. For a tax to exist, there must be a justification. And even after that, I doubt it is fully legitimate: what if someone does not want or use the public schools system or health system? It must pay for it?

So yes, a government that taxes people against their will for a service they do not use, from my perspective, is theft to tax payers.

A different story is wether we want to support to some extent people who need it: in that case, it would not be theft against a person giving support, but it would not be a tax either.

As for who earns and how, yes, crony capitalism is quite bad. What I support is mostly free market capitalism as much as it is feasible and realistic.

I am not sure it is ideal, but as long as laws for damage are applied and the consumer is informed, it works way better than all this political cloud full of a system with favors, licenses, and excuses to avoid comptetition.

I am even more against subsidizing than taxes themselves. That is the worst possible distortion of things.

I am hopeful there are other ways, and I would like to put them in practice.

But those come from our own beliefs.

The land conquering is a difficult topic. I agree it is not a good thing. But the history of humanity is the history of conquer. A person that violently takes territoy in some way should not be the owner. I am not sure it is practical or even possible to fix that, though.

Re:Limitarianism: The Case Against Extreme Wealth: Ingrid Ro... by yellowapple on Monday February 05, 2024 @10:07PM (#39270297)
> So yes, a government that taxes people against their will for a service they do not use, from my perspective, is theft to tax payers.

Fortunately, that ain't the case for a land value tax as alluded to above. The government provides landowners a service (enforcement of their land deeds), and any "tax" on it is a payment for that service. As it stands, landowners have successfully lobbied the government such that they only pay a tiny fraction (at most) of the rents due to society at large. And so:

> For a tax to exist, there must be a justification.

And there you have the justification. Landowners owe the full value of the land they own to the society willing to respect and enforce that ownership. Anything short of that full value is theft, and is indeed rather directly responsible for the continued prevalence of socioeconomic inequality both here in the US and worldwide.

I do agree with you that how that tax revenue gets spent is an issue. The maximally fair answer would be to disburse it equally to all citizens as a dividend, and then citizens can put that money toward the things they believe to be worthwhile.

And on that note:

> A person that violently takes territoy in some way should not be the owner. I am not sure it is practical or even possible to fix that, though.

LVT happens to be a maximally fair and practical way to fix that, especially when paired with a citizens' dividend per above; assuming, per above, that land ownership and socioeconomic inequality are causally linked, shifting the tax base away from the products of labor (i.e. abolishing taxes on income, sales, and buildings) and onto land values would satisfy the goals of things like reparations, such that those who materially benefited from such conquest are the ones compensating those who did not.

Re:Limitarianism: The Case Against Extreme Wealth: Ingrid Ro... by germandiago on Tuesday February 06, 2024 @07:35PM (#39282978)
I would need careful analysis of your explanation before having an opinion since I admit to not have read, thought or known about this very concrete topic, feasibility, etc. in depth.

Thanks for this very positive exchange.

Re:Limitarianism: The Case Against Extreme Wealth: Ingrid Ro... by nobleach on Saturday February 03, 2024 @10:20AM (#39241105)
Perhaps you should clarify what "stolen" means. Am I to assume that every piece of land has an "original owner"? Who is that?
Re:Limitarianism: The Case Against Extreme Wealth: Ingrid Ro... by yellowapple on Monday February 05, 2024 @10:32PM (#39270441)
> Perhaps you should clarify what "stolen" means.

There are two senses of theft at issue:

1. Some government establishes (or expands) its sovereign territory through violent conquest.

2. Private parties obtain a service from said government and the society it ostensibly represents without paying in full for it (specifically: the issuance, recognition, and enforcement of land titles/boundaries, those being definitionally subsets of said government's sovereign territory - which, again, may or may not have been obtained through violent conquest)

Here in the US, both of those sorts of theft are in play:

1. The entirety of US territory was obtained either by conquering it from other entities (e.g. Native American tribes, Mexico, Spain) or by purchasing it from other powers who had previously done so (e.g. France, Spain, Britain, Russia).

2. The US government (or state/local subdivisions thereof) issues and enforces deeds representing subsets of its sovereign territory to landowners, at the exclusion of the rest of its citizenry - yet the landowners do not pay anywhere near the full rental value of the land to said government or said citizenry.

> Am I to assume that every piece of land has an "original owner"? Who is that?

In the case of American land, that'd be the indigenous peoples thereof.

In a more general/legal sense, the "original owner" would be the government of whose sovereign territory that land is a subset. If that government ostensibly represents its citizens, then said "original ownership" would rest with each and every individual citizen equally. As Locke explained in his Second Treatise of Government:

> Nor was this appropriation of any parcel of land, by improving it, any prejudice to any other man, since there was still enough and as good left, and more than the yet unprovided could use. So that, in effect, there was never the less left for others because of his enclosure for himself. For he that leaves as much as another can make use of, does as good as take nothing at all. Nobody could think himself injured by the drinking of another man, though he took a good draught, who had a whole river of the same water left him to quench his thirst. And the case of land and water, where there is enough of both, is perfectly the same.

That is: every member of society is entitled to an equal share (by value) of the land on which that society exists. Those who own more than their equal share of that land value owe compensation to those who own less than their equal share. The lack of said compensation is theft.

Re:Limitarianism: The Case Against Extreme Wealth: Ingrid Ro... by nobleach on Saturday February 03, 2024 @10:14AM (#39241042)
When one makes an agreement that if I set certain goals, and I achieve said goals, I will be compensated a certain amount.

If I choose to buy land, goods, services, the seller chooses the "value". If I agree on the value, I have free will to to purchase the land, goods or service. If I do not agree on the value, I can either offer a lower price, or walk away.

If I purchase said land, goods or service, and later decide that I no longer want those things, I can choose to sell them. At that point, I set a value. If the purchaser agrees on the value, I then sell/transfer ownership to that person. If the value has grown since I purchased said land, goods, service, I could potentially profit. If the value has not increased, I am at a loss.

So, to directly answer your question about "authority". (In my case, land that was owned, and worked, for 100 years in an area that no one wanted to live). A price for said land was agreed upon. The sale was advantageous for the seller as he no longer wanted to tend it. I assumed the risk, taxes, etc. Working said land was extremely arduous. Shepherding it through multiple hurricanes, floods, etc bore a financial burden. Many years later, as the area began to develop, my asset grew in value. Selling it produced a profit. This profit allowed me more ability to purchase other land, goods and services.

As I'm tying this, I'm certain you're aware of these basic economic principles, but simply don't agree with them. Disagreement is fine. But this is the way things are done in my country. And, I choose to live here because I agree with those principles. If I wanted to live in a country where an entity could come and confiscate my wealth, and redistribute it, those countries exist. I could likely move to one of them.

Re:Limitarianism: The Case Against Extreme Wealth: Ingrid Ro... by medo-bear on Saturday February 03, 2024 @10:17AM (#39241081)
The same people that already have the power to confiscate your assets - the tax office.
Re:Limitarianism: The Case Against Extreme Wealth: Ingrid Ro... by MightyBuzzard on Friday February 02, 2024 @03:21PM (#39233769)
Yes, they are. If they weren't you wouldn't care if someone made more than $15M.
Re:Limitarianism: The Case Against Extreme Wealth: Ingrid Ro... by yellowapple on Friday February 02, 2024 @05:07PM (#39235112)
Is watching those around you starve/freeze to death due to having $0 (or less!) not a reason to care about whether some people make more than $15M? How many people could that hoarded wealth have housed and clothed and fed?
Re:Limitarianism: The Case Against Extreme Wealth: Ingrid Ro... by germandiago on Friday February 02, 2024 @06:12PM (#39235752)
I think that is a wrong perspective. Of course many people care about that.

The problem is that by looting rich people you will not end up with the problem.

In fact, you can make the problem much bigger mid-term by killing incentives and making people into poverty...

Cuba or Venezuela were richer than Spain in the 50s just to give you a couple of examples. And Venezuela has natural resources.

What happened? Well, yes, this kind of: let's take everything from the others and give to the poor.

Re:Limitarianism: The Case Against Extreme Wealth: Ingrid Ro... by yellowapple on Friday February 02, 2024 @06:28PM (#39235917)
> I think that is a wrong perspective.

It's the only perspective that matters.

> In fact, you can make the problem mich bigger mid-term by killing incentives and making people into poverty...

Being limited to $15 million is a far cry from "killing incentives and making people into poverty".

Re:Limitarianism: The Case Against Extreme Wealth: Ingrid Ro... by vonjuice on Friday February 02, 2024 @09:08PM (#39236965)
> What happened?

Um, the US?

Re:Limitarianism: The Case Against Extreme Wealth: Ingrid Ro... by thiagoharry on Monday February 05, 2024 @06:02AM (#39259784)
> Cuba or Venezuela were richer than Spain in the 50s just to give you a couple of examples. And Venezuela has natural resources.

Sorry, I checked GDP per capita charts, and it appears that Cuba was not richer than Spain in 50s. It would be implausible that a small country with little natural resources would become richer than the country that colonized it in so little time.

And Venezuela become poorer than Spain in 1982. So it had no relation with "take everything from the others and give to the poor".

Counterpoint for your argument: outside the west, between non-alignment countries, only places where marxist-leninist revolutions happened produced powers that were able to seriously compete with the west. For example, URSS and China.

Re:Limitarianism: The Case Against Extreme Wealth: Ingrid Ro... by germandiago on Monday February 05, 2024 @09:57AM (#39261835)
I never talked about GDP. I meant per capita. How people lived.

I can tell you because many spanish families emigrated there.

I know cases from friends whose parents are from those countries.

I am spanish and it was common knowledge that those places had higher income at that time.

Re:Limitarianism: The Case Against Extreme Wealth: Ingrid Ro... by medo-bear on Saturday February 03, 2024 @10:16AM (#39241063)
If someone makes the grand claim that something is a basic (fundamental) human trait, the burden of proof is on them.