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I don't think inefficiency is the right word. How do you determine efficiency of an economy? One person's efficiency may be the other person's loss. It's more a
by maxxxxx 8y ago
I don't think inefficiency is the right word. How do you determine efficiency of an economy? One person's efficiency may be the other person's loss. It's more about value judgements. Things that should be reevaluated in my view:
* The primacy of shareholders. Workers should be recognized as stakeholders in a company
* Preferential tax treatment of investment income
* Inheritance tax
* Health care
* Retirement options
In general I would like to see the balance of power shifted back a little towards workers.
- weberc2 8y agoThe issue isn't whether or not we want good things for working class people; it's how to make things better without devestating the economy. It turns out that if you do things like forcibly dilute shares for each new worker, it has ramifications which may actually exacerbate poverty. The trick is show how your proposal will succeed without disastrous consequences. :)