I figured that I'd just share my past self's train of thought, so that you might better understand how socialists think.
If you begin taxing and regulating the wealthy into oblivion, they're naturally going to flee the country and take their capital and expertise to someplace that isn't waging war on their wallets. Even in the absence of developed capitalist countries, they'd sooner start anew in a third world shithole with piss cheap labor. As the incentive to stay is not coming from giving them what they want, it needs to come from overwhelming fear. If they show any signs of resistance, you need to execute them. If you catch them fleeing in their private jets, you need to make an example out of them and anybody who would dare to side with them over the interests of the nation.
Of course, many of them will get through the net and continue capitalism outside of your control, which makes the presence of non-socialist countries a major obstacle. Socialism NEEDS to cover the globe in order to prevent capital flight.
Upon doing any reading on communist history, you'd immediately learn that past socialist leaders thought the same way, and you'd also come to know of the absolute horror show that awaits. Why would anyone strive for success in a society that not only doesn't reward those whose achievements stand out from the crowd, but seem to have a fetish for jailing and murdering such people? So, the socialist regime needs to start getting violent with the rank and file populace in order to get the work up to standard, which, as it turns out, doesn't work anywhere near as well as incentivizing expertise and entrepreneurship with wealth and disincentivizing laziness with poverty. Contrary to the delusions of socialists, there will never come a time where this magically works itself into a society that needs neither wealth nor violence as incentives. Socialism is oppression and poverty for everybody, and thus isn't a solution to poverty or oppression.
>>131066641
>Socialism NEEDS to cover the globe in order to prevent capital flight.
Actually, every extant socialism in history has depended on the existence of capitalism alongside it. Communism especially relied heavily on the international banking sector to get started, then relied on loans throughout its existence. The only example of "socialism" that was truly autonomous was "national socialism", but that wasn't any kind of leftist socialism (really a misnomer / bizarro definition of socialism); it was as capitalist as the rest of the West, which was why it was able to function.
>>131069377
Of course a broken societal structure like socialism needs to leech off of something that doesn't sabotage itself on seemingly every level. That doesn't mean that there's any place for capitalism in their ideology, and they clearly recognized that the two can't coexist on the same planet, given their expansion and how they dealt with people who decided that socialism was not for them.