Hacker News new | ask | show | jobs
by wsc981 1611 days ago
I think it is unavoidable, given enough time, that most wealth accumulates into very few hands. In a capitalist society this might happen slower than in a socialist society.

The small group of people that get all the wealth, get all the power. See for example how billionaires use foundations to guide government policy.

As such, I believe that in order to maintain a somewhat fair society, we might reach a point when it’s required to force billionaires to share a large part of their wealth with society, perhaps by paying debts of countries or citizens.

1 comments

> In a capitalist society this might happen slower than in a socialist society.

In a democratic society this might happen slower than in a totalitarian society.