Declining worker power vs. rising monopoly power: explaining recent macro trends

Re:Declining worker power vs. rising monopoly power: explain... by Signez on Wednesday June 03, 2020 @11:53AM (#23404811)

> To resolve inequality we can't just have the mindset of punish the rich for creating wealth.

I would argue that millions (if not billions) are injected into corr^Wlobbying to make sure that we never fully have this mindset, indeed.

Meanwhile, the rich are way less taxed (proportionally) than the middle class, and in my opinion, that's a problem that stifle Western economies.

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Re:Declining worker power vs. rising monopoly power: explain... by strbean on Wednesday June 03, 2020 @01:39PM (#23406225)

Let's not gloss over the hilarious assumption that wealth is fairly apportioned based on who "creates" it.

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Re:Declining worker power vs. rising monopoly power: explain... by gpanders on Wednesday June 03, 2020 @04:50PM (#23408538)

> Meanwhile, the rich are way less taxed (proportionally) than the middle class, and in my opinion, that's a problem that stifle Western economies.

Is this actually true? According to the IRS, in 2018 the top 10% of income earners paid 69.47% of total income tax collected.

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Re:Declining worker power vs. rising monopoly power: explain... by Leherenn on Wednesday June 03, 2020 @05:58PM (#23409347)

Apparently, they own 69.4% of the wealth as well, so it would seem to be proportional.

That number feels wrong, given it's exactly the same as the tax one, but I couldn't find another source. https://www.statista.com/chart/amp/19635/wealth-distribution...

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