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Why is this called a paradox? It's a greed and winner-takes-it-all culture. What are the mechanism in place which would guarantee at least a mild version of wea
by jhoechtl 9y ago
Why is this called a paradox? It's a greed and winner-takes-it-all culture. What are the mechanism in place which would guarantee at least a mild version of wealth redistribution?
- dalbasal 9y agoThis is a bit of a tangent but... "Redistribution" is in itself a frame. Generally in modern discourse it means post earnings income redistribution. UBI, dole, income taxes, pensiins.. There is (just in terms of all options) also the distribution of earnings, the distribution/redistribution of wealth, and the distribution of wealth accumulation. All these affect the disparities and their trends. There are very few policies acting on these. Income taxes, not wealth taxes. Income support, not wealth building. There was some very controversial talk of pay caps or limits to ceo-janitor pay ratios... But this is outside of the main avenues of normal policies. Most of what we (wealthy liberal democracies) "do" in this regard directly to affect disparities is post earnings redistribution and (substantially) distribution of consumption (public services like schools and health services). ..no concluding point... :)
- Veelox 9y agoThe paradox is that Silicon Valley is one of he wealthiest parts of the country and yet >25% of the population is food insecure.
- danharaj 9y agoThat's the 'paradox' of capitalism. But it's only a paradox if you take bourgeois conceptions of wealth and prosperity at face value.