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by Retra
2647 days ago
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Wealth inequality is the main cause of power inequality, and is thus a major reason why something like UBI won't happen just because it benefits poor people. You can't make the world better if you are powerless, and you are powerless so long as you can be overruled by those with more wealth than you. |
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Poor people seem pretty powerful to me. In a world where rich people are infinitely powerful...what percentage of tax revenue do you think they'd be paying? 0%? 10%? The top 3% if earners paid over 50% of income tax in the US in 2016 [1]. That doesn't seem particularly powerful to me. Or, if it is, that power isn't wielded especially self-interestedly.
> You can't make the world better if you are powerless, and you are powerless so long as you can be overruled by those with more wealth than you.
Your inferences are correct, but your premises are wrong. And if you're worried about money influencing politics, well, i've got news for you: reducing wealth inequality is just going to make the influence of that money even less transparent than it is now.
1. https://www.bloomberg.com/news/articles/2018-10-14/top-3-of-...