Re:Inheriting is becoming nearly as important as working
by Retric on Saturday March 01, 2025 @05:15AM
(#43217858)
I wouldn’t call working an ambulance as easy by any metric.
As to inequality, we’ve made this much worse intentionally via things like a tax code that massively favors high income earners. It’s not even that this tradeoff has increased GDP growth or anything the country was growing faster with higher tax rates on corporations and dividends.
Even just theoretically it’s suboptimal because jobs catering to or trying to extract money from high income people don’t lend themselves to automation. Long term everyone rich or poor has been worse off.
As to inequality, we’ve made this much worse intentionally via things like a tax code that massively favors high income earners. It’s not even that this tradeoff has increased GDP growth or anything the country was growing faster with higher tax rates on corporations and dividends.
Even just theoretically it’s suboptimal because jobs catering to or trying to extract money from high income people don’t lend themselves to automation. Long term everyone rich or poor has been worse off.