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VC bucks creating discounts is about the only form of wealth redistribution we [the U.S.] can count on these days.
by bmpafa 8y ago
VC bucks creating discounts is about the only form of wealth redistribution we [the U.S.] can count on these days.
- whataretensors 8y agoCryptocurrency seems like another.
- Apocryphon 8y agoAd earnings from being a YouTube Partner or Twitch streamer!
- TACIXAT 8y agoIt allows miners in poorer parts of the world to resell their electricity at massive profit to more wealthy parts of the world.
- whataretensors 8y agoYes. It also allows for some to get rich. Pump and dumps are also wealth redistribution.
- adventured 8y agoNot quite. The US is currently undergoing a renaissance of successful government programs that have massively cut poverty and homelessness over the last 15 years. "Child Poverty Falls to Record Low [nearly a 50% reduction since 1967], Comprehensive Measure Shows Stronger Government Policies Account for Long-Term Improvement" https://www.cbpp.org/research/poverty-and-inequality/child-poverty-falls-to-record-low-comprehensive-measure-shows https://www.cbpp.org/research/poverty-and-inequality/child-p... "The U.S. Social Safety Net Has Improved a Lot. ... Its social safety net is only a couple of percentage points below the OECD total, and larger than that of Canada, Australia and South Korea." "Furthermore, U.S. government transfers have been increasing over time. The U.S. system of taxation and spending has become more progressive during the past two decades. Per-capita government transfers were about $8,567 a person in 2016, up from about $5,371 at the turn of the century (adjusted for inflation) — an increase of 60 percent" "After 16 years of expansions in the safety net under Republican and Democratic presidents alike, the U.S. has a much more robust welfare state than people seem to realize." https://www.bloomberg.com/view/articles/2018-05-16/the-u-s-social-safety-net-has-improved-a-lot https://www.bloomberg.com/view/articles/2018-05-16/the-u-s-s... The National Alliance to End Homelessness, reports that total US homelessness declined by 27% from 2005 to 2017. The drop was from 763,000 to 553,000 for all forms of homelessness (while the US simultaneously added 30 million people to its population). "the rate per 10,000 people is at its lowest value on record." https://endhomelessness.org/homelessness-in-america/homelessness-statistics/state-of-homelessness-report/ https://endhomelessness.org/homelessness-in-america/homeless... (their 2013 report which gives figures back to 2005): https://b.3cdn.net/naeh/bb34a7e4cd84ee985c_3vm6r7cjh.pdf https://b.3cdn.net/naeh/bb34a7e4cd84ee985c_3vm6r7cjh.pdf
- bmpafa 8y agoSounds like someone's procrastinating :)
- cimmanom 8y agoGiven how much larger our population is, what would be shocking would be if our social safety nets were smaller than those of Canada, Australia, or South Korea.
- RhodesianHunter 8y agoThe relative measure used in the linked article is a percent of GDP used on social welfare programs. It's not an absolute value comparison.