My take on the study from MIT that predicts “societal collapse”

Re:My take on the study from MIT that predicts “societal col... by harimau777 on Friday July 16, 2021 @02:42PM (#27859678)

I don't think it's black and white. I have no issue with someone starting a business and becoming hundreds of times more wealthy than the median American. However, I think that's a lot different than becoming thousands of times more wealthy.

Opposition to addressing inequality in the US tends to take the form of arguing that the rich worked harder, earned their wealth, are more valuable, etc.; therefore, it is immoral to redistribute that wealth. The argument that I am attempting to make is that the differences in wealth are so dramatic that it isn't realistic that they earned it in the sense that free market advocates are implying.

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Re:My take on the study from MIT that predicts “societal col... by simonh on Friday July 16, 2021 @06:14PM (#27861828)

I think if you're opposed to people obtaining that much wealth is, how do you stop them? How do you prevent Elon Musk from investing heavily in Tesla, growing the company and ending up owning billions of dollars worth of it's shares?

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