813 US billionaires control a record $5.7 trillion in wealth.
The bottom 50% of Americans control $3.7 trillion in wealth.
When ~800 people control more wealth than half a countryโs population, we have a very serious problem.
813 US billionaires control a record $5.7 trillion in wealth.
The bottom 50% of Americans control $3.7 trillion in wealth.
When ~800 people control more wealth than half a countryโs population, we have a very serious problem.
It is called unregulated capitalism. Of the kind inspired by Reaganomics. Shrink government until nothing but billionaires are left.
They have it in Europe too now, here we call it neoliberalism. The increasing gap between rich and poor and the shrinking of government have caused the rise of populism, the far right and new fascists.
And yes that is a problem. Clear and present danger.
That sounds very attractive, but in fact is not fully true. In a truly social democracy, appropriate taxes and state intervention can avoid this. This is what democratic institutions and ditto rule of law can accomplish.
In other words, tax the rich and the corporations.
In the Netherlands where I live, I am lucky that I earn enough to pay 55% of income tax, and that is a privilege and solidarity in the end.
@Radical_EgoCom @xs4me2 @rbreich
What about monetary reform? Will that help?
Here in Europe that still seems to work quite well. But the perverted influences of US are doing their best to kill it.
Ultimate state control is no solution either as communist experiments in the former USSR have shown. Neither the Chinese nor Korean alternatives where suppression of individuals is the norm.
To delegate the daily decisions for that and to avoid chaos and guarantee continuity we have something called (federal) parliamentary democracy.
And an operational government, elected by the people.
In Europe it has been working quite well, in fact. Despite attacks by fascism. Neoliberalism is the current challenge.
@TheBestLeiya @Radical_EgoCom @rbreich
If you do not vote you are plain stupid. Certainly given given the current state of affairs in large parts of the democratic world.
They shall not pass! No pasaran, dammit.
@TheBestLeiya @Radical_EgoCom @rbreich
Not voting is voting for fascism. And that is the most stupid thing you can do.
I rest my case here...
@Radical_EgoCom @TheBestLeiya @rbreich
One should do both.
@TheBestLeiya @Radical_EgoCom @rbreich
The good thing about a democracy is that you are free to say and do what you want. It is your own choice. Just realize that this is a luxury not everybody in this world has.
@TheBestLeiya @Radical_EgoCom @rbreich
Haha, you can say whatever you want. And I will vote so you will be able to!
@TheBestLeiya @Radical_EgoCom @rbreich
But what else are you into then?
@TheBestLeiya @Radical_EgoCom @rbreich
Thank you!