4 ms·

I agree with you, but how do you propose going about giving this underclass the leverage they need to make this happen? Short of encouraging them to kill rich p

I agree with you, but how do you propose going about giving this underclass the leverage they need to make this happen? Short of encouraging them to kill rich people of course, which anyway would get you killed or neutralized long before you had any hope of success. Our system is simply not set up to reliably make changes for the benefit of people with no leverage over it in the first place.

SwellJoe 11y ago
I have no idea. Systems of oppression do tend to do whatever it takes to maintain the status quo.
- deleted 11y ago
  [deleted]
- deleted 11y ago
  [deleted]
noonespecial 11y ago
The underclass can't. The system's default state as it functions now is to eliminate the "extra" people with depravation. Soon technology will make nearly everyone extra. So the best case scenario for the current system is that these extra people are quietly starved out while a very very few prosper beyond current imagination. History does not suggest it will play out this way. Far more likely is a revolution that will make the French revolution of recent history seem like a mild heckling. Many of the rich are worthless rent-seekers who probably deserve no less but some of those rich will be the people who bring the technology in the first place. If a revolution happens it will wipe out most of human progress. Enlightened self interest by the people on top is probably our best chance. I'm with Joe on this one. We're in the tough spot of discovering that our present economic system is becoming unsustainable and all the other ones we've tried so far have been much worse. UBI is the best idea I've heard so far.
jboggan 11y ago
It's almost as if we need some sort of . . . vanguard . . . for the proletariat.
noobOpinion 11y ago
One idea is to make S&P as a company and every citizen under a certain (family) income bracket are allocated non-tradeable equal share in that company. Every listed company is to pay an amount equal to some formula derived from its share price and market value. The money collected every year in the pool is then divided among all shareholders equally. - Mandate all entities to get listed and traded. Otherwise tax at a punishable rate. - Simplify reporting obligations so listing is not painful. - Reduce corporate tax to a fixed amount under-20 percent and income-tax under-15 percent so companies and individuals have incentive to register and get listed. This would ties the single most important metric of capitalism, share price, to the democracy that makes capitalism possible at first place. Also all derivatives or executive compensation, investor returns are related to share price. The division is periodically reassessed as people join or leave pool.

SwellJoe 11y ago

I have no idea. Systems of oppression do tend to do whatever it takes to maintain the status quo.

deleted 11y ago
[deleted]
deleted 11y ago
[deleted]

noonespecial 11y ago

The underclass can't. The system's default state as it functions now is to eliminate the "extra" people with depravation. Soon technology will make nearly everyone extra. So the best case scenario for the current system is that these extra people are quietly starved out while a very very few prosper beyond current imagination. History does not suggest it will play out this way. Far more likely is a revolution that will make the French revolution of recent history seem like a mild heckling. Many of the rich are worthless rent-seekers who probably deserve no less but some of those rich will be the people who bring the technology in the first place. If a revolution happens it will wipe out most of human progress. Enlightened self interest by the people on top is probably our best chance. I'm with Joe on this one. We're in the tough spot of discovering that our present economic system is becoming unsustainable and all the other ones we've tried so far have been much worse. UBI is the best idea I've heard so far.

jboggan 11y ago

It's almost as if we need some sort of . . . vanguard . . . for the proletariat.

noobOpinion 11y ago

One idea is to make S&P as a company and every citizen under a certain (family) income bracket are allocated non-tradeable equal share in that company. Every listed company is to pay an amount equal to some formula derived from its share price and market value. The money collected every year in the pool is then divided among all shareholders equally. - Mandate all entities to get listed and traded. Otherwise tax at a punishable rate. - Simplify reporting obligations so listing is not painful. - Reduce corporate tax to a fixed amount under-20 percent and income-tax under-15 percent so companies and individuals have incentive to register and get listed. This would ties the single most important metric of capitalism, share price, to the democracy that makes capitalism possible at first place. Also all derivatives or executive compensation, investor returns are related to share price. The division is periodically reassessed as people join or leave pool.