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Joined 2 years ago
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Cake day: June 18th, 2023

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  • In China, you own the house, you just don’t own the land. Technically, the land is leased to you. For residential purposes though, you get about the same rights to the land as you do in the US though, but in most cases it’s a lot cheaper because you pay a fee every 70 or so years vs. every year that we pay property taxes. That also means that the government has fewer opportunities to take your land away from you than they do in the US (if you don’t pay your property taxes in the US, your land will be sold in a tax sale after a couple years). Your heirs still inherit your lease and have the right to renew when that 70 year mark comes back around. It’s a contributing factor towards the insanely high homeownership rate in China, which is around like 96 or 97 percent I think?





  • You can think that all you’d like but it’s wrong. You’re literally saying that because others have done a thing, someone else doing the thing is actually doing nothing. Literal nonsense. Trump is and will be worse, but it’s absolute worse cope to simp for a president like Biden who actively contributed to what’s happening there. It would make for a way more productive discussion if you and everyone else would concede that instead of doubling down on this imaginary idea that Biden did nothing.














  • It would be very good and cool under a socialist state, but not in the US currently and I’ll explain my reasoning. In the US, nationalization represents the transfer of an enterprise from a single capitalist firm to the capitalist class as a whole via the state. Nationalization can bring benefits to both the working and capitalist classes, but ultimately the workers are still being exploited by the state for private profits instead of social ends. When an enterprise is nationalized by a capitalist state, the former owners are usually generously compensated with state bonds bearing a fixed rate of interest; this enables them to continue to exploit the workers involved at a rate of profit now guaranteed by the state. The class struggle continues, but but it is now necessary for the workers to struggle not against a single private management but against the capitalist state in its entirety. This is one of the reasons why Mussolini and Hitler heaped praise on FDR for his New Deal policies. They did a lot of good for people during the depression, but they also were market interventionist in a way that put a lot of corporate control in the hands of the capitalist state.