How does one make money in a communist or "socialist" economy? Let alone invest...

TurtleCat
TurtleCat

How does one make money in a communist or "socialist" economy? Let alone invest and what not.

Other urls found in this thread:

en.wikipedia.org/wiki/List_of_countries_by_tax_revenue_as_percentage_of_GDP

ZeroReborn
ZeroReborn

Being friend with the leader

farquit
farquit

only through nepotism and political involvement

watch "das leben der anderen", you'll get the feeling

happy_sad
happy_sad

Literally political connections and that's it, statist communism is a fucking mafia

haveahappyday
haveahappyday

socialize industry
be government bureaucrat for 40 years until you run that industry
do a bad job
point out how inefficient the government is (you are) at running the industry
get populace to privatize industry to 'save money'
control the industry once it's privatized
make billions off your own incompetence

Sir_Gallonhead
Sir_Gallonhead

Short the currency of said government.

BlogWobbles
BlogWobbles

at the expense of others

eGremlin
eGremlin

you join the Communist Party and work yourself up the bureaucracy.

You might not get money directly but it'll allow you to put your kids in the best schools in the country, live in the best areas, have access to the best food, etc.

FastChef
FastChef

There aren't any real communist or socialist countries left in the world.

Social Democracy is neither of these thing. Nor are State controlled market economies.

MPmaster
MPmaster

You pretty much have to kiss political ass.

takes2long
takes2long

what is Laos

massdebater
massdebater

Black markets with scarce or illicit goods

kizzmybutt
kizzmybutt

Topkek

Methnerd
Methnerd

Who cares about making money? The state and your comrades is what you care about. Making money is for greedy capitalists.

Skullbone
Skullbone

socialist countries like Norway and Sweden

fucking lol

have very high taxes

you mean like Sweden's 20% corporate tax and inexistent minimum wage?

Emberfire
Emberfire

en.wikipedia.org/wiki/List_of_countries_by_tax_revenue_as_percentage_of_GDP

Tax revenues of Sweden are 45.8% of GDP. Please explain why you think that's low.

DeathDog
DeathDog

If Northern Italy seceded and stopped crippling the north to feed the south, how prosperous would the North be? I feel like it'd be one of the biggest economic powerhouses in Europe.

AwesomeTucker
AwesomeTucker

terrible definitions, Norway and Sweden are Social Democratic countries, not socialist. Tax and spend is not socialism. in any sense

JunkTop
JunkTop

It's all about incentive. If completing a specific activity is rewarding, then there is incentive to work in the first place. In most 'classical' communist economies, there is little incentive as anything that is produced by you will be transferred to the state. The reason why socialdemocratic countries like Denmark are doing so well, is that because there is still a lot of incentive to work regardless of the high taxes (free education, high payout, good social benefits etc).

Stupidasole
Stupidasole

Canada's 32.2% cannot possibly be right

SomethingNew
SomethingNew

Why not? Should it be higher?

Techpill
Techpill

yes, we pay a shit ton of taxes

ZeroReborn
ZeroReborn

black market

bribe officials if you ave to

Gigastrength
Gigastrength

on the side

haveahappyday
haveahappyday

Ideally, no one would care about money. But this only really makes sense in a post-scarcity world, where the robots are doing all the grunt work.

Emberfire
Emberfire

I believe that list is measuring effective tax rates. The USA has one of the highest corporate tax rates in the world, but thanks to a long list of loopholes and exemptions, we also have one of the lowest effective tax rates in the world.

TechHater
TechHater

One doesn't.

Deadlyinx
Deadlyinx

MFW people fooled Stalin this way

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