alt Hacker NewsI would say the distributions from automated water heaters/boilers, washing machines, dishwashers, refrigerators replacing “ice boxes”, looms, assembly lines, farming combines, electric starter motors, and automated PCB assembly have been overwhelmingly good for people across a very broad spectrum of society.
Is that what you’re also looking at? Or objecting to the rewards rightly earned for bringing such advances to so many people’s lives?
We should be happy with a disproportionate amount of wealth going to rent seekers because they let us buy their goods and work in their companies making them even wealthier?
The wealthy always skew the rules to favor themselves, e.g. US capital gains being taxed at a lower rate than labor. The global standard of living has been going up but could be even higher if wealth was distributed more justly.