Ika MakimakiAug 26, 2023

Quick reminder that we are not actually in a "Cost of Living Crisis".

It's a Extreme Inequality and Record Untaxed Profits Crisis.

While we struggle for the basics, banks, energy companies, supermarkets and the oligarchs are posting record breaking profits.

It would be pretty straight forward to even it out. If they wanted to.

Don't buy the framing that makes it seem like nothing can be done, other than suffering through it.

Show threadJames H McLaren
@pezmico Before the rise of labour unions and FDR’s New Deal in the US, the vast majority lived a hand-to-mouth existence while the wealthy were completely removed from any need. If trends continue we’ll wind up back there.
Aug 26, 2023 at 1:07pmWeb
Show threadStefan MonnierAug 28, 2023
@JamesHMcLaren @pezmico Was inequality really worse then than now?
Show threadJames H McLarenAug 29, 2023
@monnier @pezmico That’s a good question. I think economically the difference is about the same, it’s just the scale has changed. Low income people are often better off than they were in say 1860, but the wealthy are vastly more wealthy now than then.