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by treyd
894 days ago
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Slippage in the price of cabbages at my corner market? I don't think so. There's very good evidence that as the finance sector grows to be a larger portion of the economy (which it very much is compared to 50 years ago) that increasing inequality goes along with it, as the profits made in the finance sector are mostly rent seeking from the rest of the economy. You could also interpret it as a private tax on all other economic activity. |
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There is some value there, but the cut they get is likely too large already. Then again it is all just fake numbers...