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A comment on U.S. Stocks Rise After S&P 500’s Record Close. Parent comment

Re:U.S. Stocks Rise After S&P 500’s Record Close by hn_throwaway_99 on Wednesday August 19, 2020 @01:44PM (#24213400)
Yeah, I feel like we're realistically far from "eat the rich" land, but I do feel like society is being pushed closer and closer to the precipice. I mean, just take a look at pg's wealth tax post, which while I won't necessarily say was "tone deaf", it was at least woefully out of touch IMO: "You can't add a wealth tax, founders will go elsewhere!"

If we don't figure out how to more equally distribute the rewards of capitalism, we may find there are very few people left to buy the goods founders want to sell, unless we all want to do high-end art marketplace startups.

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Re:U.S. Stocks Rise After S&P 500’s Record Close by cryptica on Wednesday August 19, 2020 @03:26PM (#24215031)
>> I feel like we're realistically far from "eat the rich"

We could have a financier as a main course as well as a dessert.

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Re:U.S. Stocks Rise After S&P 500’s Record Close by munificent on Wednesday August 19, 2020 @07:54PM (#24218300)
> If we don't figure out how to more equally distribute the rewards of capitalism

We actually have figured it out. It's called "taxes". Taxes are how you do it. There, mystery solved.

The problem is that the rich have reached a level of power —through Citizens United, Fox News, disenfranchisement, and just straight up getting richer—that they can prevent taxes that harm them but would benefit the majority of Americans.

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Re:U.S. Stocks Rise After S&P 500’s Record Close by perl4ever on Wednesday August 19, 2020 @07:04PM (#24217892)
>If we don't figure out how to more equally distribute the rewards of capitalism

But trillions are being redistributed and that is why the stock market is up. Creating money out of nothing is a wealth tax.

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