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Wealth inequality based upon productivity doesnt bother me at all. This accounts for a pretty small component of inequality, however. Wealth inequality based u
by pydry 5y ago
Wealth inequality based upon productivity doesnt bother me at all. This accounts for a pretty small component of inequality, however.
Wealth inequality based upon "the magic of compounding" is essentially unsustainable legalized financial parasitism.
Rents, dividends, interest payments - when this component of the economy grows faster than the productive component (r>g) then the parasites are slowly killing the host.
The mask slipped off during covid somewhat when we saw how badly paid almost all of the workers labeled "essential" really were.
- moistly 5y agoI think one of the fundamental problems is that wealth grows exponentially and taxes do not. We need to make wealth grow linearly. Otherwise the inevitable end is that one person will control half the wealth… and thus power.