Re:A group of Google workers have announced plans to unionize
by whimsicalism on Monday January 04, 2021 @02:16PM
(#25636439)
Not disjoint, but different especially when over half of all money in the US is acquired via inheritance rather than earned income during one's lifetime [0].
Moreover, much wealth (especially at the top) is held in equities, often that aren't sold before being passed on to inheritance. That means:
a. that this wealth isn't counted as income
b. that decreases in equity prices due to unionization (and corresponding decreased expected returns to owners/shareholders) will burden the non-working rich disproportionately.
Sure, it won't solve wealth inequality - but where there is a zero-sum tradeoff, that tradeoff will mostly be from rich tech owners + management to affluent tech workers, not from the rest of society to the tech workers.
Moreover, much wealth (especially at the top) is held in equities, often that aren't sold before being passed on to inheritance. That means:
a. that this wealth isn't counted as income
b. that decreases in equity prices due to unionization (and corresponding decreased expected returns to owners/shareholders) will burden the non-working rich disproportionately.
Sure, it won't solve wealth inequality - but where there is a zero-sum tradeoff, that tradeoff will mostly be from rich tech owners + management to affluent tech workers, not from the rest of society to the tech workers.
[0]: https://www.washingtonpost.com/us-policy/2019/02/06/people-l...