How does one make money in a communist or "socialist" economy? Let alone invest and what not.
How does one make money in a communist or "socialist" economy? Let alone invest...
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Being friend with the leader
only through nepotism and political involvement
watch "das leben der anderen", you'll get the feeling
Literally political connections and that's it, statist communism is a fucking mafia
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
Short the currency of said government.
at the expense of others
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.
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.
You pretty much have to kiss political ass.
what is Laos
Black markets with scarce or illicit goods
Who cares about making money? The state and your comrades is what you care about. Making money is for greedy capitalists.
socialist countries like Norway and Sweden
have very high taxes
you mean like Sweden's 20% corporate tax and inexistent minimum wage?
Tax revenues of Sweden are 45.8% of GDP. Please explain why you think that's low.
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.
terrible definitions, Norway and Sweden are Social Democratic countries, not socialist. Tax and spend is not socialism. in any sense
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).
Canada's 32.2% cannot possibly be right
Why not? Should it be higher?
yes, we pay a shit ton of taxes
bribe officials if you ave to
on the side
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.
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.
MFW people fooled Stalin this way