Discussions on the Communist Manifesto - AK6.1

Dec 21, 2019

Source material: https://www.marxists.org/archive/marx/works/1848/communist-manifesto/ch02.htm

1. Abolition of property in land and application of all rents of land to public purposes. 
2. A heavy progressive or graduated income tax. 
   1. https://files.taxfoundation.org/20170804133536/Average-Effective-Tax-Rate-on-the-Top-1-Percent-of-U.S.-Households.png;
   2. effective tax on the 1% reached a plateau just before 1950 of about 45%; however, rates have remained elevated since that time
   3. https://files.taxfoundation.org/legacy/docs/fed_individual_rate_history_nominal.pdf;
      1. list of marginal tax rates 
         1. https://qz.com/74271/income-tax-rates-since-1913/
      2. effective tax rates based on income, use 56,516 household income average US
3. Abolition of all rights of inheritance. 
   1. https://taxna.wolterskluwer.com/whole-ball-of-tax-2018/historical-estate-gift-tax
   2. use inflation adjuster by picking a number by decade
4. Confiscation of the property of all emigrants and rebels. 
5. Centralisation of credit in the hands of the state, by means of a national bank with State capital and an exclusive monopoly.  https://www.marxists.org/archive/lenin/works/1917/ichtci/04.htm “What, then, is the significance of nationalisation of the banks?... Only by nationalising the banks can the state put itself in a position to know where and how, whence and when, millions and billions of rubles flow. And only control over the banks, over the centre, over the pivot and chief mechanism of capitalist circulation, would make it possible to organise real and not fictitious control over all economic life, over the production and distribution of staple goods, and organise that "regulation of economic life" which otherwise is inevitably doomed to remain a ministerial phrase designed to fool the common people. Only control over banking operations, provided they were concentrated in a single state bank, would make it possible, if certain other easily-practicable measures were adopted, to organise the effective collection of income tax in such a way as to prevent the concealment of property and incomes (ostensibly due to the ability of the national bank to keep track of who receives the money); for at present the income tax is very largely a fiction.”

1. Precursor to cashless society
2. Federal Reserve chartered in 1913