Re:Bezos donates $100M each to CNN contributor Van Jones and...
by dantheman on Wednesday July 21, 2021 @04:04PM
(#27911388)
The redistribution is from the young to the old, to those who stopped housing construction to that drive up the cost of living for those without houses.
Those who create wealth aren't redistributing it, they are capturing a small portion of what they create for others.
Re:Bezos donates $100M each to CNN contributor Van Jones and...
by edmundsauto on Wednesday July 21, 2021 @04:15PM
(#27911535)
For many workers, wages have stagnated but total compensation hasn’t, when you account for increased costs of benefits. I support universal healthcare, but it’s important to realize how much it costs employers has gone up.
And the standard of living is being lost when the people with stagnating wages are being priced out of the housing market, with renting or sharing being the only reasonable alternatives. Renting itself is a redistribution of wealth from poor to rich in many a case.
Not to mention that tax policies (like Trump's tax cuts for example) tend to disproportionately benefit the wealthy far more than the middle class, and the poor. I can't think of a more clear cut example of redistribution there.
The typical HN user is likely to be on the higher end of the scale and less exposed to issues like this (after all, many of us software engineers get a yearly payrise by switching job), but I find it hard to dismiss things like this when looking at my own country's politics.