3 ms·

no, the workers will start to wonder why a small group of people who do barely any work are sucking up all the profit.

• jmyeet 2y ago
  Currently we have 0.1% of people sucking the majority of the profit. 20% would be a vast improvement. But, to your point, the ultimate forms of wealth redistribution are wars and revolution. What happened 200+ years ago in France can happen again. And it will if we don't start being just a little bit fairer in the distirbution of profits.
  • night862 2y ago
    It almost did, too. The New Deal answered the question of labor unions and every day folk. The alternative was not and would not be pretty.
    • Aerroon 2y ago
      The New Deal also set up time bombs in the economy. Government spending as a percentage of GDP is ever-increasing. Early 1900s this was at about 3-5%, nowadays it's 40-60%. On top of that it gave us the pension and healthcare time bombs due to birthrates decreases. Whether we like it or not, but eventually this spending is going to grow high enough that it can't grow anymore.
      • night862 2y ago
        None of that was New Deal and the ssi pensions were funded, all this happened well before the move to fiat. you're hand waving over two world wars, the discovery of nuclear weapons, microwaves, and transistors the invention of automobiles, financialization of the economy, massive concentrations of wealth in a tiny percentage of ultra-wealthy people and corporation in America. There is no need to jerk your knee so sharply at the mere mention of a historic fact.