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10% of 2.09 trillion corporate profits represents $627 per person annually. The 10% is an arbitrary starting point and should be adjusted based upon what is th
by elif 4y ago
10% of 2.09 trillion corporate profits represents $627 per person annually.
The 10% is an arbitrary starting point and should be adjusted based upon what is the appropriate representation of the displacement of labor by automation, which will surely increase along with corporate profits increasing with less salaries being paid.
The idea isn't to fully socialize and subvert capitalism, but to keep capitalism alive long enough to ethically support humanity as long as it is necessary.
- zaphar 4y agoI'm actually surprised I was so close on my estimate. The point still stands. You could triple that return and it would still make almost no substantial mitigating impact.
- elif 4y ago$54/mo is 5x off from your estimate, and though it seems ignorable to you, is remarkably close to the $57/mo international poverty line, which 9.2% of the world lives under. That is twice as many people as there are Americans.