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Unfortunately, the economy does not behave like a fluid, and a rising economy raises the wealthiest boats orders of magnitude higher than middle-class boats, an
by vannevar 5y ago
Unfortunately, the economy does not behave like a fluid, and a rising economy raises the wealthiest boats orders of magnitude higher than middle-class boats, and thousands of times higher than the poorest boats, which rise imperceptibly by comparison.
- josephcsible 5y agoIf something helps everyone, it's a good thing even if it helps rich people more than poor people.
- spacemanmatt 5y agoSo-called meritocracies don't help everyone
- vannevar 5y agoReally? Say you're working for a company that has a great year, profits up 50%. Your boss gets a 20% raise. You and your team get coupons for free fries at McDonald's. As your boss hands out the coupons, he assures you that profit is a good thing, even if it helps management more than workers.
- olliej 5y agoI'm not sure what you're trying to say - that because some "undeserving" people will get more as well, nothing should change?
- vannevar 5y agoNo, I'm pointing out that the wealthy take a bigger cut of economic growth not because they contributed more, but simply because they are in a position of power to do so. We can't leave capitalism unregulated and expect a meritocracy to emerge spontaneously.
- nileshtrivedi 5y agoWealth inequality leads to inequality of dignity as it's directly tied to power balance among those unequal individuals.
- deleted 5y ago[deleted]