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Wage i.e. income increased is exactly what did happen. Billionaires and millionaires aren't bad. And income equality not a good goal. If we create more rich peo
by DeonPenny 6y ago
Wage i.e. income increased is exactly what did happen. Billionaires and millionaires aren't bad. And income equality not a good goal. If we create more rich people at the same time incomes increase for the lower and middle class at historic who cares about the ratio split.
- nine_zeros 6y agoEquality isn't a good goal. But expansive inequality isn't either. I'm not arguing for socialism. I'm arguing for proportionate slice of the pie for the work done. The share of the pie is heavily skewed towards owning wealth in the first place today and the only way to keep the vast majority employed seems to be making the rich richer.
- DeonPenny 6y agoIf expansive inequality isn't the goal why does it matter. What does the percent of the pie matter even if you slice is getting bigger at historic paces because the pie in general is bigger. Would you rather have a higher percentage of a smaller pie or a lower percentage of a smaller pie. Equality isn't the goal, equal opportunity is and higher standard of living I'd guess and focusing on equity may not be helping.