Re:Pseudophilosophy encourages confused, self-indulgent thin...
by robertlagrant on Tuesday February 09, 2021 @05:04PM
(#26082977)
A lot more wealth and power these days is coming from value creation rather than political or historical roots. Or, as was the case of the gilded age, people from poor countries migrating to a country that was rapidly enriching its citizens.
Re:Pseudophilosophy encourages confused, self-indulgent thin...
by whimsicalism on Tuesday February 09, 2021 @06:56PM
(#26084179)
A majority of private wealth is inherited (not earned as income) by the top 5% wealthiest households.
How is inheriting wealth creating value?
My counter-hypothesis - maybe this is what happens when the heights of power and wealth keep getting higher and higher. We are transforming more and more into a dog-eat-dog society. This is how civilizations have fallen repeatedly over the past and we are increasingly turning to a new gilded age.