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simianwordsyesterday at 10:25 PM5 repliesview on HN

Redistribution can only get you so far. Creating new wealth is more sustainable.


Replies

jimnotgymyesterday at 10:34 PM

So why did we stop doing that in favour of winner takes all weath centralisation?

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boosturpudtoday at 12:34 AM

> Redistribution can only get you so far.

That "so far" being a middle class the envy of the rest of the world which the US threw away to create a new class of oligarch.

"Back at the tail-end of that era, in the early 1960s, America’s richest faced a 91 percent tax rate on income in the top tax bracket."

https://inequality.org/article/tax-the-rich-we-did-that-once...

inigyoutoday at 12:37 AM

AI destroys wealth, so what is that?

shimmanyesterday at 10:37 PM

Number one expense for SMB is healthcare, providing a nationalized healthcare service would likely unlock trillions in value (imagine what Americans would do if they got $200-500 more per paycheck?).

Instead we are forced to watch some of the wealthiest companies on the planet burn money for fun because apparently the government is "wasteful."

What a crock of shit.

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