nwdiver
Well-Known Member
Screw the rich!
I mean the really rich!
No, I mean the really really really rich!
Actually, I mean really really really super uber rich!
Ya, now I got it, that's it!
I have nothing against the rich. My point is that we need to leave ideology at the door and look at the economy more dispassionately especially as automation takes off. If we have a manufacturing capacity of ~$10T/yr and wages to workers of $100B/yr with $8T/yr going to 10% that owns ~90% of production and ~$2T/yr going to 40% that owns 10% and ~30% of the population getting nothing... that's a problem. We need to have policies that prevent loss of demand due to loss of employment creating a death spiral....
We need to decouple labor from income for EVERYONE not just those fortunate enough to have been born into the right family....