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by knightofmars
2487 days ago
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Unless I'm mistaken, the premise these arguments always seem to follow is, just because people in general have a better standard of living now than in the past we should ignore the following questions. Why the majority of profits from productivity gains over the last 40 years have gone to a select few who are already wealthy? Why the rate of increase of our standard of living hasn't been on par with the rate of productivity gains? |
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As a thought experiment... Let's assume for a moment that we both agree on these two points. First, that taxes, social safety nets, and regulations impact things like income and wealth inequality. Second, that income and wealth inequality was better 40 years ago. How many people are willing to turn back the clock on taxes, social programs, and regulations to what they were 40 years ago when we imagine that things were better? I've personally never met a single person who complains about wealth/income inequality who would take that deal.