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Look at the root causes of increasing wealth inequality. Today’s global, connected world has allowed the winning of much larger markets than before. It is very
by babesh 6y ago
Look at the root causes of increasing wealth inequality. Today’s global, connected world has allowed the winning of much larger markets than before. It is very similar to how industrialization allowed the accumulation of huge amounts of wealth. This global, connected world has also devalued low skilled work. Increasing amounts of work will be devalued.
Any solution should be addressing these root causes while trying to not lose many of the great benefits.
One aspect should be creating a basic living standard.
Another aspect should be maximizing human potential. This isn’t just education but also opportunity. This isn’t just STEM but other human potential: music, art, etc...
The last issue is how to pay for it. Progressive taxation makes sense as does a luxury tax. An inheritance tax makes sense because it still motivates individuals to produce.
- Darmody 6y agoI agree with you. We need solutions. The thing is we can't relay on monetary policies that have never worked and made things worse.
- creaghpatr 6y agoOk, so let’s pass a Maximize Human Potential bill then instead of a Shakedown Rich People Bill.