Ten richest men have six times more wealth than the poorest 3.1B people

Re:Ten richest men have six times more wealth than the poore... by pydry on Sunday February 20, 2022 @09:14AM (#30405844)

Wealth inequality based upon productivity doesnt bother me at all. This accounts for a pretty small component of inequality, however.

Wealth inequality based upon "the magic of compounding" is essentially unsustainable legalized financial parasitism.

Rents, dividends, interest payments - when this component of the economy grows faster than the productive component (r>g) then the parasites are slowly killing the host.

The mask slipped off during covid somewhat when we saw how badly paid almost all of the workers labeled "essential" really were.

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Re:Ten richest men have six times more wealth than the poore... by moistly on Sunday February 20, 2022 @04:54PM (#30409618)

I think one of the fundamental problems is that wealth grows exponentially and taxes do not. We need to make wealth grow linearly. Otherwise the inevitable end is that one person will control half the wealth… and thus power.

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