|
|
|
|
|
by slibhb
462 days ago
|
|
The chunk of the economy you own should be proportionate to the amount you contributed to growing the economy. In modern, functioning economies, this is more or less the case. The idea that inequality will lead to lopsided political power hasn't yet been proven. If the 100 richest Americans decided who was president, it would be someone like Bill Gates or Michael Bloomberg -- not Donald Trump. People who focus so much on inequality should rethink their priorities. Actually, living in a highly unequal economy is fine as long as: 1. Wealth is highly correlated to productivity 2. The poor have access to the necessities |
|
I don't think anybody cares much about the inequality itself (if anything, most people to care actually benefit from it), but apparent positive feedback loop that converts more wealth into more political power into more wealth, which seems to undermine first caveat you mentioned and also apparent erosion of the second at the same time.