3 ms·
While the article is rather long and touches on many subjects, I believe I agree with the underlying sentiment. Namely, that income inequality is rising and soc
by jcfrei 11y ago
While the article is rather long and touches on many subjects, I believe I agree with the underlying sentiment. Namely, that income inequality is rising and social cohesion is eroding (whereby the former is largely responsible for the latter in my opinion). Looking at historical income inequality in the US, we see that it's just returning to pre 20th century levels. This is not surprising, since the 20th appears to be at odds in many ways with other centuries. Especially the rise of the middle-class (which quickly was understood as a society's default state) seems like a purely 20th century phenomenon. The real question is whether societies in developed countries will accept a return back to more divisive wealth distributions (where people are either clearly upper or clearly lower class).
Furthermore I think it's very important to differentiate between total wealth and wealth distribution. Some (probably rather right-wing politicians) advocate total wealth creation and others (rather left-wing politicians) promote (equal) wealth distribution. Economically speaking the former is clearly preferable, while for social cohesion the later is clearly preferable. Which way we go is (hopefully) up to the democratic electorate (ie. you). And should that not be the case, then at the very least we can all agree that fixing the democratic (legislative) process must be our very first priority - no matter if you seek more or less taxation.