Re:In Silicon Valley wages are down for everyone but the top...
by jpdus on Sunday October 14, 2018 @06:56PM
(#18216038)
I don't understand the uncommented downvotes here. OP is provocant to make his point which is a valid one.
It IS pretty obvious that the raw, uncontrolled market is not increasing the quality of life for a majority of the population and arguably your luck (your family bought some hectars of land in SV in the 80s? Or even simpler: you were able to go to a good college?) is way more important for your economic situation than your own hard work. This is not healthy for society in the long term and if you are not closing your eyes you see more than enough alarming signs for wrong developments. Better to share some wealth with everyone than being constrained to gated communities and let everyone else fight for meager rest in my opinion.
One solution, that was common until neoliberalism became the defacto in the western world, was high taxes for the rich.
Neoliberalism has been an obvious bust, growth is anemic, wealth distribution is becoming civil-war causing bad, political corruption rampant, but because no-one else has a meaningful alternative we're all still stuck in this 'the rich getting richer means we all will' fallacy.
You have a nice story, but it's simply not true.