points by dominotw 1 day ago | 0 comments
each technological advance increases wealth inequality. Problem is not wealth inequality its things getting worse for ppl low on totem pole vs getting better.
I am sure ppl wouldnt mind inequlity if things were getting cheaper, healthcare being more accesible ect. Thats what AI promised but never delivered. Nothing has gotten cheaper like predicted.
[–] f1yght 1 day ago
People don’t mind mild inequality. Some people have more, that’s fine. When it’s extreme it’s a problem. 100% we need to make sure everyone is taken care of before we worry about if someone can have even more money than they will ever need.
[–] kelseyfrog 1 day ago
There was a demonstration of this asking people to divide a pie representing wealth among various low, middle, and upper classes in a way they felt was fair. The result was uneven, upper classes getting more, lower classes getting less. But when compared, the actual division of wealth as demonstrated using a pie resulted in the richest 10% getting 70% no one thought that a system that resulted in such inequality was fair.
[–] draygonia 1 day ago
Maybe raising the minimum wage was never a good idea and we should instead consider a wage cap that taxes heavily those that make above some insane figure everyone should be happy with... $10m a year? That seems generous enough for now until someone turns the money printer back on.
[–] well_ackshually 1 day ago
But think about the poor people with only ten million dollars, how will they face inflation when in ten years their $5 carton of eggs that they don't purchase is $8? :(
[–] malicka 1 day ago
[–] mrtesthah 1 day ago
There’s a reason why half the country would vote for a democratic socialist now.
https://thehill.com/homenews/campaign/6178694-voters-support...