We've Built Cities We Can't Afford

Re:We've Built Cities We Can't Afford by Pfhreak on Saturday April 18, 2020 @01:09PM (#22909162)

I think the parent is objecting more to the fact that today's economy allows those with wealth to earn income from that wealth. (E.g. they own the property, they can earn income from rent. They own the factory, they can extract excess value from the labor. etc.)

Automation vs working is a different axis than rewarding capital vs working. They are both good discussions to have, though.

[ Parent | on HN ]

Re:We've Built Cities We Can't Afford by Ididntdothis on Saturday April 18, 2020 @03:40PM (#22910481)

Ideally we wouldn’t have to work but we are very far away from that.

In the meantime it seems society is getting skewed towards benefiting owners over people who work. The news celebrates rising stock markets and rising housing prices. We celebrate “job creators”. The Fed responds when the stock market goes down but just shrugs when real wages for most people are stagnating or even going down . Investment income is taxed favorably over income from work.

Companies claim they are run solely for the owners (shareholders). Why not make workers also stakeholders that need to considered?

[ Parent | on HN ]