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>>The "leveling" the article speaks about has been tried: it's strong government on social-democratic principles. It works. And it gets abandoned as soon as gen
by CryptoPunk 5y ago
>>The "leveling" the article speaks about has been tried: it's strong government on social-democratic principles. It works. And it gets abandoned as soon as general wealth has risen enough.
Social spending by government has rapidly increased as societies have gotten wealthier:
https://ourworldindata.org/grapher/social-spending-oecd-longrun https://ourworldindata.org/grapher/social-spending-oecd-long...
But that money just ends up as pension benefits for unionized public sector workers, a significant fraction of whom are now in the top 10% of income earners. A NYS public school teacher now receives approximately $88,000 a year for their pension if they retire after 35 years, and it's practically impossible to fire them:
https://www.the74million.org/article/investigation-nyc-tried-to-fire-154-teachers-for-incompetence-or-misconduct-75-were/ https://www.the74million.org/article/investigation-nyc-tried...
New York has nearly 300,000 unionized public sector employees receiving over $100,000 a year:
https://www.forbes.com/sites/adamandrzejewski/2020/05/26/why-new-york-is-in-trouble--290304-public-employees-with-100000-paychecks-cost-taxpayers-38-billion/ https://www.forbes.com/sites/adamandrzejewski/2020/05/26/why...