00:00:24.760billionaires or people that are creating the revenue are leaving.
00:00:27.760so so people like uh i don't know if that's happening in new york as much oh yeah he lost
00:00:34.24013 billion dollars of revenue and like not to the extent like this they're not going to leave
00:00:38.840new york just because he changes the tax yeah they are he's actually had to appeal to the state to
00:00:44.640bail him out for all the money that he needs for that's what he has to do anyways because he needs
00:00:48.160the state to back him when he tries to create those moves right but he would kind of need all
00:00:53.240these billionaires and they are leaving he's lost revenue the municipal government doesn't
00:00:58.760have the same capabilities that the state government does which is why he kind of had
00:01:04.460to appeal which people knew going into that election anyways okay yes but he has still
00:01:10.400lost a distinct difference between communism and socialism it's not that big personally i don't
00:01:20.100Okay, so communism, you basically have no sense of private property whatsoever, so government owns everything, everything is in sense collective, and the idea of communism is that eventually we'll have no government, everyone will be re-educated enough that they will seek the greater good and be, like, fully community-minded, right?
00:01:39.660But there's a government institution in socialism.
00:03:49.140Okay, so are you opposed to public roads? Are you opposed to public schooling?
00:03:55.160Because those are forms of socialization and social programs designed to serve the common good.
00:04:00.500I am assuming you're not opposed to those things.
00:04:03.400no i'm not hold on hold on hold on so in a socialist government in a socialist society you
00:04:11.120have you are taxing the rich and against their consent in essence when you have a community
00:04:16.100where your taxes are equal and fair then that is they can consent to that right through voting and
00:04:22.760everything else if they don't like it they can leave but if you have a socialist government
00:04:26.500you are oppressing one group it is against free will it's against private property rights everything
00:04:31.660Well, we live in a society and you live under a social contract, and we all live under a social contract in which we are sacrificing some of our rights in exchange for security, pensions, health care, education, public health.
00:04:46.660So, for a rich person who's using it to gain their wealth through whether it be manufacturing, physical things.
00:06:51.040So what you're saying is that someone who's income...
00:06:55.040Like, I forget the exact term, but someone who's making $30,000 a year, or $30,000, $45,000, whatever, 25% taxed, stick with that, because it's nice and round.
00:07:11.680Okay, and sorry, which country are we just talking, like, hypothetically?
00:07:14.300I'm just saying, hypothetically, if we would have a flat system, someone who is earning $40,000, because it's easy for me to have to bring a job for the head, and they're doing...
00:08:39.460So wherever that point exists, where it is not, there isn't that great risk of capital flight, I would say that would be a responsible point to place it.
00:08:55.660And I think another thing we can do with tax measures is we look to public utilities.
00:09:09.260Right now, we are relying on a lot of public utilities, public roads, essentially that were built in the post-war era, in the 1950s.
00:09:22.920So we risk, right now, because we are not doing large capital investments, and we don't have the funding space without going into massive deficits,
00:09:31.240because we have such a relatively low tax rate at the moment, we risk there.
00:09:39.260Relying on ever diminishing quality of goods, things of that matter.
00:10:00.260So, what we need right now in order to reinvest, I love public transit, so what I would say for public education, these things are investments in people and productive, productive, I'm forgetting the exact term, productive citizens.
00:10:27.660Productive citizens. Let's stick with that.
00:10:30.660So, using that, using that income, we can pay for things like hiring a university campus.
00:10:43.660I'm selfishly saying we should have no tuition in my pure self-interest to say that.
00:10:48.660I do think it would be a good public policy to have a broad or some form of free public
00:10:57.940tuition because it would increase the capacity for each individual worker to be more productive,
00:11:06.780to have higher qualifications. Thus, the individual worker can do more for their business.
00:11:14.340So are you suggesting in more education?
00:11:17.960I'm saying, I think the issue that I'm having is I don't know what you're defining socialism as.
00:11:26.320Government ownership of the means of production and wealth redistribution.
00:11:29.820So wealth distribution is not socialism in and of itself.