Post
Topic
Board Economics
Re: Enjoy comunism: Venezuela raises monthly minimum wage to $2.40
by
Sithara007
on 12/05/2021, 04:30:43 UTC
Of course. We must also think that the US is more capitalist than Venezuela, of course, but it is not the paradigm of free market and absence of regulations.  There are many things I don't like there, and some of them have been mentioned by @dezoel, but communist style redistribution always ends in disaster.

The plus point for United States is that even with the Democrat party, there are factions that are opposed to socialist policies. But nowadays it is the extreme-left, which is dominating the party. Some of the proposals from the current Biden administration reminds me of extreme-left. One example is the proposal to tax capital gains on par with the income tax. At present none of the countries have such high taxes on capital gains, for obvious reasons. Now let's see whether these proposals will get the required support.