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by Jensson 184 days ago
> Allocating more (not all) value away from SaaS companies and into food security or education is a good thing and would make things better for everyone.

You are already doing that with your votes, the American government is already investing massive amounts into education and food security. Private investments would never do this, even poor people wouldn't invest in poor ROI endeavors, poor people invest in the same things as rich people they just invest less, so the wealth of the rich doesn't matter.

2 comments

It's not about what non-0.001% people invest in, but what they spend on. More evenly distributed wealth would mean more money for people to spend on education, food security, and housing, which in turn would spur increased production of those goods. Below a certain wealth threshold, people aren't putting every additional dollar into "investments" in the financial sense of the word. There's more ROI by sending your kids to college or moving to a better neighborhood.
The American government gets that money from taxes. If wealthy people are using that wealth to avoid taxes and put the burden on to the worker then the worker is being hurt twice - first by the lost power in their vote, and second by paying an unfair share of public infrastructure costs.