A Guide to Statistics on Historical Trends in Income Inequality
1–10 of 196 posts
Re: A Guide to Statistics on Historical Trends in Income Inequality
#2What's the best solution to this - if wealthy and high-income individuals get more power via political lobbying, they can then gain more wealth and higher incomes, gaining even more lobbying power. They can also flood the media with advertising money and propagandist messaging to convince voters to care more about less impactful issues. It feels like an endless cycle to me.
Other than war or complete societal upheaval, what can actually be done to solve the problem?
Re: A Guide to Statistics on Historical Trends in Income Inequality
#3What's the best solution to this - if wealthy and high-income individuals get more power via political lobbying, they can then gain more wealth and higher incomes, gaining even more lobbying power. They can also flood the media with advertising money and propagandist messaging to convince voters to care more about less impactful issues. It feels like an endless cycle to me. Other than war or complete societal upheava…
Best option is probably hackernews's boogeyman - government regulation.
The issue is it has to be in place before money command structures have a chance to develop, so it's not something you can really implement now.
Realistically, it may not be fixable without fixing capitalism, which no one has figured out how to do.
Re: A Guide to Statistics on Historical Trends in Income Inequality
#4What's the best solution to this - if wealthy and high-income individuals get more power via political lobbying, they can then gain more wealth and higher incomes, gaining even more lobbying power. They can also flood the media with advertising money and propagandist messaging to convince voters to care more about less impactful issues. It feels like an endless cycle to me. Other than war or complete societal upheava…
Best option is probably hackernews's boogeyman - government regulation. The issue is it has to be in place before money command structures have a chance to develop, so it's not something you can really implement now . Realistically, it may not be fixable without fixing capitalism, which no one has figured out how to do.
[deleted]
Re: A Guide to Statistics on Historical Trends in Income Inequality
#5What's the best solution to this - if wealthy and high-income individuals get more power via political lobbying, they can then gain more wealth and higher incomes, gaining even more lobbying power. They can also flood the media with advertising money and propagandist messaging to convince voters to care more about less impactful issues. It feels like an endless cycle to me. Other than war or complete societal upheava…
A resource allocation system that didn't have this problem should out-compete one that suffers these information masking flaws. So we just need fully automated space communism* to arise once, and it will overwhelm the less effective resource allocation systems.
* I'm not expressing an opinion on what this future more effective organization method would look like, just I'm pretty sure it wouldn't create incentives to keep masses of people less effective than they'd otherwise be.
Re: A Guide to Statistics on Historical Trends in Income Inequality
#6What's the best solution to this - if wealthy and high-income individuals get more power via political lobbying, they can then gain more wealth and higher incomes, gaining even more lobbying power. They can also flood the media with advertising money and propagandist messaging to convince voters to care more about less impactful issues. It feels like an endless cycle to me. Other than war or complete societal upheava…
I am not worried about rich people propaganda, all the rich companies in the silicon valley supported Clinton, all the rich in Hollywood supported her and in general most people in the upper class supported her but she still lost, there are always other companies who will support the other side and people in general will decide who to believe anyways, today even 4chan basement dwellers can spread propaganda if they want.
Re: A Guide to Statistics on Historical Trends in Income Inequality
#7What's the best solution to this - if wealthy and high-income individuals get more power via political lobbying, they can then gain more wealth and higher incomes, gaining even more lobbying power. They can also flood the media with advertising money and propagandist messaging to convince voters to care more about less impactful issues. It feels like an endless cycle to me. Other than war or complete societal upheava…
Best option is probably hackernews's boogeyman - government regulation. The issue is it has to be in place before money command structures have a chance to develop, so it's not something you can really implement now . Realistically, it may not be fixable without fixing capitalism, which no one has figured out how to do.
Capitalism is working quite as intended right now. The goal is to move more and more money to the capitalists, and that goal is increasingly faster being reached.
Re: A Guide to Statistics on Historical Trends in Income Inequality
#8So looks like the 80s is when things start going south (increased income inequality) so I looked up who was president during that time, then looked at their wiki page to see their economic policy and found this gem of a quote:
"Soon after taking office, Reagan began implementing sweeping new political and economic initiatives. His supply-side economic policies, dubbed "Reaganomics", advocated tax rate reduction to spur economic growth, economic deregulation, and reduction in government spending."
Re: A Guide to Statistics on Historical Trends in Income Inequality
#9What's the best solution to this - if wealthy and high-income individuals get more power via political lobbying, they can then gain more wealth and higher incomes, gaining even more lobbying power. They can also flood the media with advertising money and propagandist messaging to convince voters to care more about less impactful issues. It feels like an endless cycle to me. Other than war or complete societal upheava…
I'm still amazed at how effectively we have collectively shunned thought along these lines by turning the founding father of the relevant branch of economical philosophy into a real life he-who-shall-not-be-named. Anyone who wants to talk about these problems either has to either re-invent the wheel or mention the unmentionable name and doom themselves to immediate dismissal as a kook.
Re: A Guide to Statistics on Historical Trends in Income Inequality
#10What's the best solution to this - if wealthy and high-income individuals get more power via political lobbying, they can then gain more wealth and higher incomes, gaining even more lobbying power. They can also flood the media with advertising money and propagandist messaging to convince voters to care more about less impactful issues. It feels like an endless cycle to me. Other than war or complete societal upheava…
Among other factors, advertising was taxed in England through the 1850s.
https://www.history.ac.uk/reviews/review/1675
Taxing rents generally would be beneficial.