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Re:Wealth of millionaires surges 10.6% to top $70 trillion f...
by matthewmacleod on Tuesday June 19, 2018 @03:16PM
(#17349498)
Or maybe instead there are a huge number of views somewhere in the middle. Like, maybe a stable society is one that both rewards individual achievement while trying to maintain a level playing field and providing a basic level of support for everybody in society.
I don’t recognise your mischaracterisation and this sort of thinking is why we are presently so completely fucked.
Re:Wealth of millionaires surges 10.6% to top $70 trillion f...
by mnctvanj on Tuesday June 19, 2018 @03:08PM
(#17349442)
There are certainly public/tax policy sets that could serve both: to help and/or protect those who don't have the opportunity or ability to become an Ayn Rand hero, but also still allow for those that choose to fight down that path. Yes that means that the richer one becomes, the less they take home as a percentage of their gross (more so than current tax policy requires). But it means that there are more than two extremes to the issue.
Re:Wealth of millionaires surges 10.6% to top $70 trillion f...
by lovich on Tuesday June 19, 2018 @03:56PM
(#17349818)
The Marxist brigade? Even a pro capitalist should be against increasing wealth inequality.
A healthy market has plenty of competition and competition reduces profits. If the vast majority of wealth gets concentrated into relatively few people then that indicates a lack of competition and leads to inefficiencies.
Every billionaire or mega corp is a market failure