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by impossiblefork
1392 days ago
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Why does wage inequality matter? Inequality isn't strongly driven by wages, but is by capital income. Personally, the way I see it, the more money goes to wages, the better, and if that's because some guy is earning millions a year, I still think it's good. Income from people starting new companies, that's fine too. What's bad is rent extraction, ossification, monopolies and private institutions that have power over people. |
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