Re:Absolute wealth, relative wealth, taxes, and staying rich
by practicalpants on Sunday May 16, 2021 @03:30AM
(#27171908)
> their biggest worry is a new class of people getting richer than them fast
You can read a lot of Western political history since the industrial revolution, when the new class of mega rich Rockefeller types shocked the established orders, as filled with attempts/policies to prevent new Rockefeller like classes of entrepreneurs from happening. Perhaps counter intuitively, real free market capitalism is a great threat to the established political order since it produces the levels of wealth in new people that can actually change said political order.
You can read a lot of Western political history since the industrial revolution, when the new class of mega rich Rockefeller types shocked the established orders, as filled with attempts/policies to prevent new Rockefeller like classes of entrepreneurs from happening. Perhaps counter intuitively, real free market capitalism is a great threat to the established political order since it produces the levels of wealth in new people that can actually change said political order.