Before capital investment it was coercion, slavery or community building that made big projects possible. The first two were outlawed as they weren't needed under capitalism but were common in non capitalism like the gulags and Uyghur labor .
Even under capitalism you can still volunteer, donate and create community orgs to build things, there's nothing stopping anyone.
Capitalism creates wealth only when people are able to keep a decent amount of what they make. As a thought experiment, if you tax people at close to 100% under capitalism and "distribute" it to people that don't work, what do you think will happen?
Surely there is a disincentive to working hard as taxes approach high levels while resources are increasingly provided for free if one doesn't work. The Laffer curve and all that.
If you keep increasing taxes and reward people that don't work by giving them free and easy wealth, the tax revenue will actually go down at some point instead of going up, leaving less to redistribute. It's like killing the goose that lays the golden egg.
They had "central control of wages, construction, and capital" to a much higher degree before they started becoming capitalistic in 1976 and the poverty levels were much much worse and not going down. They only started going down once they embraced capitalism and started allowing private companies.
> I read that it used to not be like this, that it used to be possible to renew the _visa_ itself from inside the US, but that got changed before my time. I can only imagine that the reason for that was that non-citizens inside the US are entitled to due process, but non-citizens outside the US are not. And denying a visa to somebody outside the US is therefore a lot easier than denying it to somebody inside the US, and essentially cannot be appealed
No, after 9/11 they passed a rule to always collect biometrics before issuing visas and validating them at border entry. The DoS facilities in the US did not have fingerprinting facilities but the consulates and embassies did, so they forced the change. Recently there was a pilot to allow it in the US itself.
That makes no sense because labor needs capital to take risks so they get salaries. For example new drug discoveries cost a lot of money and a huge percentage fail with big losses that go to paying labor but not eventually benefiting from it. Banning that model where capital is risked by passive investors would've meant far fewer life saving drugs being invented, literally making mankind worse off.
If someone wants to passively invest $3M into a new coffee shop and pay labor to work in it, banning it like you want to do will kill the economy and disadvantage the little guy.
> Good riddance. If they want to act like parasites let them leech off the people some place else
That's a reactionary emotional reaction that many countries started with and failed and led to people fleeing and the govts banning people leaving. Examples include East Germany, North Korea, the eastern bloc etc.
History has shown again and again that chasing away high earners with super high taxes like doctors, tech workers, small business owners etc. leads to worse outcomes for everyone because they already pay a large share of total taxes. Also, they may quit and just collect the welfare off the high earners tax income. At the federal level the top 1% pay 40% of federal taxes, that's not even counting the jobs they create. Imagine a place trying to serve 99% of the people with only 60% of the tax revenue. They're either going to increase the taxes till there's no one left to overtax or reduce govt services which reduces govt employment leading to lower tax collection and even more welfare spending.
Taxes on things discourage the use of things, that's why high taxes on smoking and alcohol work. Supertaxing economic productivity and rewarding people sitting around not working will and has led to lower economic productivity.
I got a lot of downvotes making these comments and ran into posting limits. HN isn't a place for debates like this, you win, socialism is amazing, everyone upvote me now.
The problem is that your proposed approach has been tried again and again and has failed every single time with disastrous consequences for several generations.
Once people are given all the resources they want they are not motivated to work. The productive people get tired of the product of their hard work being forcibly taken away and stop working since they would be given resources anyway. That's how the system collapses since there aren't enough resources for everyone to sit and consume. Thats exactly what happened in the eastern bloc. https://www.chron.com/neighborhood/bayarea/news/article/When...
How many times should we run the same failed experiment and ruin millions more lives?
Those factors apply to non Americans wanting to move to the US but it's apparent that there is heavy demand to the extent of millions taking dangerous trips and breaking laws just to get a foot into the USA. You cant find such latent demand to the same extent via surveys or visa applications in the other direction.