3 ms·
My point is that wealth stratification under a libertarian system would rapidly approach the 1% owning 90+% instead of the 40% they now hold. Robber Barons, Gi
by buttcoinslol 9y ago
My point is that wealth stratification under a libertarian system would rapidly approach the 1% owning 90+% instead of the 40% they now hold.
Robber Barons, Gilded Age. <--- Read about this era before advocating for libertarian ideas
It's hard to have discussions about the present if you don't understand the past.
- VMG 9y ago> Robber Barons, Gilded Age. <--- Read about this era before advocating for libertarian ideas The most rapid increase in prosperity in the history of mankind, where millions of people were lifted out of abject poverty. Currently repeating in other countries that embrace free-market capitalism. What's your point?
- JoeAltmaier 9y agoThe highest class differences ever in America, save the present day. What's your point?
- buttcoinslol 9y agoClass/wealth stratification is bad for everyone. The poor suffer, and if things get bad enough, emperors and their families are gunned down, [1] and the rich are beheaded. [2] Nobody wins. Striving towards a saner wage/wealth gap will have more benefits for society than hyperbolic wealth stratification. [1] https://en.wikipedia.org/wiki/Execution_of_the_Romanov_family https://en.wikipedia.org/wiki/Execution_of_the_Romanov_famil... [2] https://en.wikipedia.org/wiki/Reign_of_Terror https://en.wikipedia.org/wiki/Reign_of_Terror
- VMG 9y agoYou're making good arguments against communism.
- buttcoinslol 9y agoThe French Revolution predates communism.
- SauciestGNU 9y agoIt's more fair to say he's making good arguments against wealth distribution so bad for the majority that they're willing to kill their masters to have a chance at improving things. If the rich were interested in self-preservation they'd treat wealth inequality as an existential issue.