- Nov 26, 2019
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So personal income will be generated through taxing personal income?
Yeah I’m pretty sure the Sovietsky Soyuza tried that, under Lenin, and it was quite the flop. Hence the New Economic Policy which basically reimplemented capitalism but with all the capital owned by the Communist Party, and that also failed, because command economies don’t work either.
Yet, by the 1960's, Soviet citizens had a standard of living comparable to Americans.
Wrong - by the 1970s under Brezhnev they had a standard of living comparable to the poorer countries in Western Europe. They never even came close to parity with Americans in terms of standard of living.
For that matter, the DDR had one of the highest standards of living behind the iron curtain, higher than most of the Soviet Union outside of a few important cities where the nomenclatura lived, yet still people were risking death to escape to the West.
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