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Yeah, I find it weird that proponents of wealth inequality think that theyre defending meritocracy. They're overtly or inadvertently defending "the magic of co
by pydry 5y ago
Yeah, I find it weird that proponents of wealth inequality think that theyre defending meritocracy.
They're overtly or inadvertently defending "the magic of compounding" which is the ideology of the parasite - precise antithesis of meritocracy. 3rd generation trustafarians are not 1000x more productive than a burger flipper. Theyre less productive.
We'd probably have orders of magnitude less inequality with some kind of genuine meritocracy.
War Is Peace, Freedom Is Slavery, Ignorance Is Strength and Income Inequality is Meritocracy.
- jrsj 5y agoThe phrasing used by the poll in the article probably resulted in the vast majority of respondents think in terms of differences in pay and not in terms of investment income. I’m not a fan of wealth inequality, but some degree of income inequality is useful as an incentive. Concentration of wealth is only loosely correlated to that & evening out wages wouldn’t do much of anything to change it.