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marx didn't give the capitalists hell. he just told the truth and they thought it was hell
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this post was submitted on 16 May 2026
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In the US, progressive taxation gets called communism, lol.
But yeah. That's kinda what I meant with my original comment. The more progressive EU economies are, to my understanding anyway, outcomes from the more reformist socialist traditions - using the existing democratic government to round off the excesses of unregulated capitalism. And I would take that any day of the week.
IMO income tax in general does more harm than good. My opinion is that government budget should be financed by taxing consumption.
If you're trying to build your wealth and take advantage of compounding interest, income tax (especially capital gains tax) absolutely crushes it.