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> extort wealth until they’re forced back into absolute poverty — which there are signs of happening. ~~It is hardly sufficient to simply say that this outrage
by jhayward 8y ago
> extort wealth until they’re forced back into absolute poverty — which there are signs of happening.
~~It is hardly sufficient to simply say that this outrageous claim requires enormous proof. Please, show me the billionaires who have been forced in to poverty by social program. Please.~~
Edit: I was misreading the above in exactly the wrong direction, wealth-wise.
There is indeed quite a bit of evidence that the economic system, as a whole, is evolving to extract every single dollar of wealth from the lower classes, primarily transferring it to the top class. Health care (especially end-of-life), education, and wage stagnation vs productivity gains are the prime examples.
- FakeComments 8y agoI think I was unclear — I meant people who are relatively poor, but wealthier in absolute terms being extorted by the relatively extremely wealthy until they’re also poor in absolute terms.
- jhayward 8y agoAh, I was absolutely misreading it. Thanks for the clarification.
- AnimalMuppet 8y agoI believe you're misreading that line. I believe the claim is that The Rich will extort wealth from the Becoming Better Off until The Becoming Better Off no longer are becoming better off - until they are forced back to absolute poverty. I still think it's fair to ask for evidence on the "signs of happening" part...
- jhayward 8y agoYes, thank you. I've updated my response with some examples of where I think that very thing is happening.