I saw a meme post on Facebook suggesting that no one earns a billion dollars except by wage theft, that no one works a billion times harder than other hardworking people who make ordinary wages. That seems a fair claim. I wrote this next paragraph in response, kind of as a spur of the moment thought, but it's something I want to spend more time thinking about:

I used to think that one solution to this was the practice of asking CEOs to not make more than some fixed multiple of their lowest-paid employee. But now I see the goal is to not employ anyone either. A lot of the benefits for corporations are justified on the idea that they employ people, so helping them helps people. Now that this assumption is on a path to being increasingly violated, we need to reconsider our special treatment of corporations as well.

#ai #corporations #billionaires #NoBilliionaires #LateStageCapitalism #ShareholderCapitalism #RegulatoryCapture #society #ethics #unemployment #automation #law #CapitalGains #CapitalGainsTax #WealthTax #inequality #fascism #feudalism #oligarchy

Freedom

https://lemmy.world/post/46105543

Liberalism is not an ally to the left and it never will be

https://lemmy.world/post/46089359

Suicide-related callouts to fire services triple in England in a decade

https://feddit.org/post/29027038

36-year-old left the U.S. for China—now pays $1,000 rent and $100 for groceries for family of 4: It's my 'version of the American Dream’

https://feddit.org/post/29016093