Re:Wage inequality may be starting to reverse
by noyoudumbdolt on Friday December 30, 2022 @08:20PM
(#34192272)
The vast majority of the profits from those industries are not going to the ultra-rich either. They mostly go to pension funds and 401k holders.
The focus on the ultra-rich is an obvious political ploy. In every western country with a more socialistic arrangement than another, the taxes on the middle class are inevitably higher. And the salaries for high-skill positions are also depressed to begin with, due to legal/social arrangements that force more egalitarian pay scales. You can't get what you want by just taking the income/wealth/whatever of the tippy-top.
The focus on the ultra-rich is an obvious political ploy. In every western country with a more socialistic arrangement than another, the taxes on the middle class are inevitably higher. And the salaries for high-skill positions are also depressed to begin with, due to legal/social arrangements that force more egalitarian pay scales. You can't get what you want by just taking the income/wealth/whatever of the tippy-top.