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The inequality doesn't bother me so much, but I do think such inequality gives labor a bargaining position - a position the union in this article is wisely usin

The inequality doesn't bother me so much, but I do think such inequality gives labor a bargaining position - a position the union in this article is wisely using to its advantage.

marnett 9y ago
why is it that inequality doesn't bother you so much?
- p1esk 9y ago
  Because if being rich is your goal, no one stops you from achieving it, other than yourself.
  - marnett 9y ago
    That's a gross over-simplification of wealth accrual. Hyper-concentration of wealth will most certainly prevent new entrants from entering the coveted class of the 1500 worldwide billionaires. Regardless of desires to be wealthy, inequality has a lot more to do with inherited wealth, not the ability to be lucky as an entrepreneur. There are plenty of billionaires (and millionaires, etc) who did nothing but enter the world with the correct surname.
    - p1esk 9y ago
      Hyper-concentration of wealth will most certainly prevent new entrants We have hyper-concentration of wealth now. Yet there are new entrants entering billionaire class every year. There are plenty of billionaires (and millionaires, etc) who did nothing but enter the world with the correct surname. And there are plenty who did not have the correct surname at birth.
      - fao_ 9y ago
        > We have hyper-concentration of wealth now. Yet there are new entrants entering billionaire class every year. Your proof? Most of the 'new entrants' actually have quite a wealth of already accrued money. For example, Jeff Bezos had a loan from their parents for 300k, which is equivalent to for 15 people's yearly salary
  - coliveira 9y ago
    The market system is a competition, so by definition everyone is (at least potentially) trying to stop you from achieving wealth. Just ask anyone who started a business, for example. Saying that the only obstacle is in the individual is, at a minimum, disingenuous.
    - majewsky 9y ago
      And that's assuming a hypothetical perfect market. The real world has monopolies, rent-seeking and other obstacles that make it harder for new contenders to enter a market.
    - p1esk 9y ago
      competition != inequality
  - andrepd 9y ago
    Right. I should really shut up and work hard to fulfil my dream of being born in the Walton family.

The inequality doesn't bother me so much, but I do think such inequality gives labor a bargaining position - a position the union in this article is wisely using to its advantage.

marnett 9y ago

why is it that inequality doesn't bother you so much?

p1esk 9y ago
Because if being rich is your goal, no one stops you from achieving it, other than yourself.
- marnett 9y ago
  That's a gross over-simplification of wealth accrual. Hyper-concentration of wealth will most certainly prevent new entrants from entering the coveted class of the 1500 worldwide billionaires. Regardless of desires to be wealthy, inequality has a lot more to do with inherited wealth, not the ability to be lucky as an entrepreneur. There are plenty of billionaires (and millionaires, etc) who did nothing but enter the world with the correct surname.
  - p1esk 9y ago
    Hyper-concentration of wealth will most certainly prevent new entrants We have hyper-concentration of wealth now. Yet there are new entrants entering billionaire class every year. There are plenty of billionaires (and millionaires, etc) who did nothing but enter the world with the correct surname. And there are plenty who did not have the correct surname at birth.
    - fao_ 9y ago
      > We have hyper-concentration of wealth now. Yet there are new entrants entering billionaire class every year. Your proof? Most of the 'new entrants' actually have quite a wealth of already accrued money. For example, Jeff Bezos had a loan from their parents for 300k, which is equivalent to for 15 people's yearly salary
- coliveira 9y ago
  The market system is a competition, so by definition everyone is (at least potentially) trying to stop you from achieving wealth. Just ask anyone who started a business, for example. Saying that the only obstacle is in the individual is, at a minimum, disingenuous.
  - majewsky 9y ago
    And that's assuming a hypothetical perfect market. The real world has monopolies, rent-seeking and other obstacles that make it harder for new contenders to enter a market.
  - p1esk 9y ago
    competition != inequality
- andrepd 9y ago
  Right. I should really shut up and work hard to fulfil my dream of being born in the Walton family.