Norway's Wealth Tax Unchains a Capital Exodus

https://citizenx.com/insights/norway-wealth-exodus/

#HackerNews #Norway #Wealth #Tax #Capital #Exodus #Finance #News #Economy

Yet these #progressive demands inherently threaten #capital itself because they raise #production costs, empower #workers & weaken the endless drive for #accumulation that #capitalism depends on.

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It manages the contradiction not by overcoming it but by exporting its #costs. Through #imperialism, social #democratic states extract cheap #labor & natural #resources from the #globalSouth, allowing them to sustain prosperity, high #wages, & #welfare systems at home while keeping #capital #accumulation intact.

#Politics #Democrats #Republicans #Liberals #Conservatives #Vote #Election #DemocraticParty #RepublicanParty #Trump #Biden #KamalaHarris #TimWalz #Democracy #USA #Musk #Fascism #Fascist

It manages the contradiction not by overcoming it but by exporting its #costs. Through #imperialism, social #democratic states extract cheap #labor & natural #resources from the #globalSouth, allowing them to sustain prosperity, high #wages, & #welfare systems at home while keeping #capital #accumulation intact.

#Politics #Democrats #Republicans #Liberals #Conservatives #Vote #Election #DemocraticParty #RepublicanParty #Trump #Biden #KamalaHarris #TimWalz #Democracy #USA #Musk #Fascism #Fascist

Yet these #progressive demands inherently threaten #capital itself because they raise #production costs, empower #workers & weaken the endless drive for #accumulation that #capitalism depends on.

#Politics #Democrats #Republicans #Liberals #Conservatives #Vote #Election #DemocraticParty #RepublicanParty #DonaldTrump #Trump #JDVance #Vance #JoeBiden #Biden #KamalaHarris #Harris #TimWalz #Walz #Democracy #US #USA #ElonMusk #Musk #Fascism #Fascist #BernieSanders #AOC #FraudSquad #Progressive

"The Pipeline Made Visible

Unlike old #authoritarianism built on fear and force, this new system rules through code, capital, and infrastructure — making resistance feel architecturally impossible.
It’s a self-reinforcing loop: #Ideology fuels venture capital → #capital captures the state → #thestate feeds the same private systems that built it. A new model of power — #privatizedsovereignty."
https://www.authoritarian-stack.info/

"The Pipeline Made Visible

Unlike old #authoritarianism built on fear and force, this new system rules through code, capital, and infrastructure — making resistance feel architecturally impossible.
It’s a self-reinforcing loop: #Ideology fuels venture capital → #capital captures the state → #thestate feeds the same private systems that built it. A new model of power — #privatizedsovereignty."
https://www.authoritarian-stack.info/

If you missed CPC-CG member Bernice Kuang at the #Economy, #Culture and #Skills Committee's investigation into current and projected trends relating to #birthrates and the number of #children in #London, and the causes for lower numbers of children in the #capital, you can now watch the meeting (Bernice speaks from 40:16) ⬇️⬇️
https://www.youtube.com/live/xKQZh1nE_rk?si=WsdA7RwmjmfLuCSa&t=2412

CPC-CG's Bernice Kuang, a research fellow in #demography at the University of #Southampton, claimed #Londoners still wanted to have an average of two #children, but that this was not feasible for many in the #capital.

She blamed a shift from #socialhousing to private #renting in inner #London, adding that "private rented accommodation is not seen as the place to start a #family".
https://www.bbc.co.uk/news/articles/c0l7pzx6602o

And for #capital, the purpose of #production is not to meet #human needs, or to achieve #social progress, but to maximize & accumulate #profit. That is the overriding objective.

#Politics#Democrats#Republicans#Liberals#Conservatives#Vote#Election#DemocraticParty#DNC#RepublicanParty#RNC#GOP#DonaldTrump#Trump #JDVance#Vance#JoeBiden#Biden#KamalaHarris#Harris#TimWalz#Walz#Democracy#US#USA#ElonMusk#Musk#Fascism#Fascist#BernieSanders#Sanders#AOC#FraudSquad#Progressive

Remember, #capitalism is not defined by “ #markets & #businesses & #trade”. It is a system where #production is controlled overwhelmingly by #capital: the big #banks, large #corporations, & the 1% who own the majority of investable assets.

#Politics#Democrats#Republicans#Liberals#Conservatives#Vote#Election#DemocraticParty#RepublicanParty#DonaldTrump#Trump#JoeBiden#Biden#KamalaHarris#TimWalz#Democracy#US#USA#Musk#Fascism#Fascist#BernieSanders#AOC#FraudSquad#Progressive

Extreme #poverty is a condition of severe #humanitarian #crisis. It is not a natural condition, & should not exist. It occurs because, in our current #economic system, most of our production is# organized around what is most profitable to #capital, rather than what is most necessary for people.

#Politics#Democrats#Republicans#Liberals#Conservatives#Vote#Election#DemocraticParty#RepublicanParty#DonaldTrump#Trump#JoeBiden#Biden#KamalaHarris#TimWalz#Democracy#USA#Fascism#Fascist

Extreme #poverty is a condition of severe #humanitarian #crisis. It is not a natural condition, & should not exist. It occurs because, in our current #economic system, most of our production is# organized around what is most profitable to #capital, rather than what is most necessary for people.

#Politics#Democrats#Republicans#Liberals#Conservatives#Vote#Election#DemocraticParty#RepublicanParty#DonaldTrump#Trump#JoeBiden#Biden#KamalaHarris#TimWalz#Democracy#USA#Fascism#Fascist

ENLIGHTENMENT NARRATIVE
capital smokescreen

#ClimateCrisis#Science#Capital#WhoWins