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There’s nothing capitalistic about wealth being concentrated in the hands of a few. In fact, it’s almost certainly leads to the absolute destruction of capitali
by addicted 6y ago
There’s nothing capitalistic about wealth being concentrated in the hands of a few. In fact, it’s almost certainly leads to the absolute destruction of capitalism.
A society where all the money lies in the hands of a few is more like a monarchy than a capitalist society.
And one simple solution to end this unfairness (it’s not the unfairness that’s a problem...it’s the fact that it makes a complete mockery of society and the idea of capitalism if you’re more philosophically inclined, that’s the problem) is to return to tax rates that were prevalent when the US was growing faster than it ever has, in the decades following the Second World War.
- KozmoNau7 6y agoThe complete mockery of capitalism is a good point, the hardcore libertarians and standard bearers for capitalism today have obviously never read what people like Adam Smith actually wrote.