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Why does it matter if income inequality is high? Poorly hid envy it looks like.
by amazingamazing 2y ago
Why does it matter if income inequality is high? Poorly hid envy it looks like.
- pixelatedindex 2y agoBecause you need the disposable income to buy speculative assets. This means that the rich get richer.
- amazingamazing 2y ago[flagged]
- throwawayq3423 2y agoRead some history, bad things tend to happen when a permanent underclass is cut off from ever-expanding wealth.
- amazingamazing 2y agoOk, where are the bad things from this century caused directly from rich people getting richer and nothing else? And moreover - tell me how your prosperity harms the poorest in the world and what you’re doing to reduce that gap between you and them.
- OrigamiPastrami 2y ago[flagged]
- deleted 2y ago[deleted]
- deleted 2y ago[deleted]
- pixelatedindex 2y ago> where are the bad things from this century caused directly from rich people getting richer and nothing else? Tell me you’re oblivious to the world around you without telling me you are oblivious. Are you arguing that income inequality is good? Or that it’s simply nothing to worry about? Because I agree with neither.
- throwawayq3423 2y agoNot trying to make assumptions, but it appears he is trying to lean into the "greed is good" line of thinking where vices are actually spun to be virtues. Not only does it allow you to avoid empathy for your fellow man, it allows you to excuse your own excesses as necessary (or even good)
- 9rx 2y ago[flagged]
- throwawayq3423 2y agohttps://en.wikipedia.org/wiki/French_Revolution https://en.wikipedia.org/wiki/French_Revolution
- amazingamazing 2y agoNeat, how about something from this century? And the French Revolution is more complicated than rich people getting richer.
- ks2048 2y agoI don’t think we’re real close to a “French revolution”, but an executed CEO today could be a symptom of the situation. (Of course, we don’t know the motive yet. But just the online discourse around it is telling).
- amazingamazing 2y ago[flagged]
- ks2048 2y agoTo follow-up on my comment of “online discourse” about this: the Facebook post from the company (…deeply saddened…) has 20.6K laugh emojis vs ~4k in sympathy related)
- throwawayq3423 2y agoGo to South Africa and tell me if it feels safe. Specifically the rich areas.
- amazingamazing 2y agoFunny you say that - I was just in Johannesburg- which neighborhoods are you referring to?
- throwawayq3423 2y ago
- ks2048 2y agoBecause money is power. If you believe in democracy, then extreme inequality is extremely un-democratic. (Note, there is, IMHO, a happy middle-ground: some amount of tolerable inequality, resulting in some amount of tolerable un-democratic-ness)
- amazingamazing 2y ago[flagged]
- pontifier 2y agoMoney isn't power. Power is power. Money can sometimes be used like power, but not knowing the difference is a recipe for the situation we find ourselves in now. Money is only powerful as long as it's useful. When the pitchforks come out, dollar bills won't stop them.