Re:U.S. Labor Secretary throws support behind classifying gi...
by xpe on Thursday April 29, 2021 @03:57PM
(#26985919)
I'd like to mention an important argument for some degree of wealth distribution:
A skewed wealth distribution monetary has a tendency to corrupt both government and markets. Therefore, it is in society's interest to prevent high levels of inequality. (I'm assuming some flavor of a representative democracy paired with some degree of capitalism.)
To some, this feels like a rather blunt instrument. Many, of course, advocate for more targeted policies: regulation of mergers, inter-generational wealth taxes, campaign finance reform. In my view, all of the above sound good, in practice, because making progress is hard work.
A skewed wealth distribution monetary has a tendency to corrupt both government and markets. Therefore, it is in society's interest to prevent high levels of inequality. (I'm assuming some flavor of a representative democracy paired with some degree of capitalism.)
To some, this feels like a rather blunt instrument. Many, of course, advocate for more targeted policies: regulation of mergers, inter-generational wealth taxes, campaign finance reform. In my view, all of the above sound good, in practice, because making progress is hard work.