Skip to content

Comment on Economic Inequality: The Simplified Versionparent

Comments

Market forces and legislation. Simple caps would defeat all attempts to do that. Realistically, the design of a system dictates how it will behave in many scenarios. Our system's properties lead to accumulation and concentration of extreme wealth. Even Citigroup's leaked docs describe it as a "plutonomy:" a system designed to shift most wealth to already rich. I like how they mentioned that voters were the greatest threat with the defense being to promote the illusion that everyone can get ahead.

Combine stuff like that with executives making 300x the average (not worst) employee to see system is clearly rigged against the many for a very few. Not even top 1%: a fraction of a percent.

AboutSource Built by g1lg1l

Hackerly is an independent reader for Hacker News, built on the public HN API. Not affiliated with Y Combinator.