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I'm sure that age does exacerbate fiscal inequality, as the rich gather savings and the poor lose the ability to work. I'm not sure how you get from there to "c
by PhasmaFelis 10y ago
I'm sure that age does exacerbate fiscal inequality, as the rich gather savings and the poor lose the ability to work. I'm not sure how you get from there to "capitalism isn't a substantial factor in inequality." It seems like you're cherrypicking the causes that we can't reasonably change, so as to justify ignoring the problem.
- Hermel 10y agoCapitalism certainly also plays a role here. However, I would argue that capitalism itself did not get worse in comparison to fifty years ago. Its the demographics that have changed. However, you are right that we cannot change demographics, so we might need to adjust capitalism. In fact, this argument might even be used to justify more government intervention than ever before, exactly because the situation has changed and the high level of economic freedom we had earlier might not be as healthy any more under these new circumstances. So the argument can go both ways.