Bhaskar Sunkara
speaker
1,609 appearances
1 recordings
1 series
first heard Dec 2022
last heard Dec 2022
Bhaskar Sunkara’s voice in public audio — every appearance, attributed to the second.
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Appearances
And my vision, of course, of socialism, that's one reason why we'd have to take the investment function away from capitalists.
If you're going to make it so hard for them that they can't invest or they can't employ labor the way they're employing now, you have to create another mechanism for supply to be created.
And that's why that's a transition point.
I think realistically, that's not a disincentive for most people.
First of all, we already have a progressive taxation system.
The government does take a bunch of the money away and people are still striving to become rich.
A lot of what people want when they dream of success is they want accolades, they want respect, and of course they want...
some more wealth, wealth to consume luxury goods with or whatever else.
But at a certain point, it becomes better for the state to tax and either redistribute directly or through social programs or redirect that money through tax credits and other ways to shape investment towards productive investment.
We don't want a society in which
a bunch of rich people fly around in helicopters going from club to club while the productive economy kind of does nothing, right?
At that point, I think a lot of ordinary rich people might prefer the government to come in to tax them and to try to spur investment in certain productive sectors.
So it really just depends.
But I honestly believe that most people...
don't necessarily want to be rich for the sake of being rich.
They want to be successful.
And there's many different dynamics to that.
And accolades and social respect is an important one of them.
It's also why people who just become filthy rich often, the first thing they do is start out philanthropic trusts and try to give away their money because they want the social respect and accolades and whatever else.
They don't want just their money.
Showing 1101–1120 of 1,609 · page 56 of 81
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