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I do think capitalism has issues (mostly excessive compound interest'ing on massive wealth) but I don’t think there ever will be another round of redistribution
by charlesdm 9y ago
I do think capitalism has issues (mostly excessive compound interest'ing on massive wealth) but I don’t think there ever will be another round of redistribution of wealth. A global wealth tax I could see happening in the next 50 years, but then again, seems like it would be a hugely unpopular thing to do.
- wasx 9y agoI think that automation is going to contribute massively to wealth inequality in the next few decades, and I think that not considering the destabilising risks of such centralisation of wealth is short sighted. People will only for so long tolerate getting the short end of the stick whilst the massive amounts of wealth for the wealthy balloons. I don't know if a "redistribution of wealth" will ever be seen, but I do think the fundamental system we operate on in this day and age will need to be radically altered to prevent discontent