Wealth Inequalities Shown to the Scale
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Wealth Inequalities Shown to the Scale
1–10 of 51 posts
Re: Wealth Inequalities Shown to the Scale
#2I wonder if side-scrolling was chosen intentionally. Side-scrolling is so much more annoying because you cant press space or page down to scroll faster.
Re: Wealth Inequalities Shown to the Scale
#3I wonder if side-scrolling was chosen intentionally. Side-scrolling is so much more annoying because you cant press space or page down to scroll faster.
You can press -> key of to scroll to right.
Re: Wealth Inequalities Shown to the Scale
#4Re: Wealth Inequalities Shown to the Scale
#5If you made $7000/hr since the birth of Jesus, you'd still have less money than Jeff Bezos.
Re: Wealth Inequalities Shown to the Scale
#6“Around 800 children will die of malaria today. A small group of super rich people could stop it for a sum of money so small that they would likely never even notice its absence. But they choose not to.”
Brutal.
The theoretical appeal of capitalism is that it allocates resources efficiently, is it not? Can someone explain to me how letting all these children die of malaria is efficient, given the cost/benefit of eliminating it? Is our economic system really allocating those resources in the best way?
Edit: come on guys if you’re going to downvote me then try to think of a reason I’m wrong..
Re: Wealth Inequalities Shown to the Scale
#7Feels like the author keeps making this point over and over that if we could just take x million from these people we could fix so many things. But I don’t see any vision painted for this new world where now everything is OK and fair. Maybe the current system we got is what makes people build things like amazon. Maybe jeff gets to be proud of his wealth and makes his own philanthropy choices.
Re: Wealth Inequalities Shown to the Scale
#8“Around 800 children will die of malaria today. A small group of super rich people could stop it for a sum of money so small that they would likely never even notice its absence. But they choose not to.” Brutal. The theoretical appeal of capitalism is that it allocates resources efficiently, is it not? Can someone explain to me how letting all these children die of malaria is efficient, given the cost/benefit of elim…
I think the reason that capitalism does not allocate money to save children’s lives is that the investor cannot claim any of the child’s future income. That’s also the reason that capitalism tends to under invest in things like education and nutrition for kids, or environmental protections or fighting climate change- how are you going to recoup that investment?
There is one way. If everyone were slaves, then the capitalist really would own every child they saved. You’d probably see rates of malnutrition and disease plummet. Of course, then we’d all be slaves. But that would be a purer, less dysfunctional capitalism. Maybe that’s the only direction capitalism can go- it might go that way through a maze of debts and complex contracts and property rights rather than legal ownership of persons, but that’s probably the direction capitalism is going to go, if you assume that capitalism is evolving to be the most economically efficient version of itself.
Re: Wealth Inequalities Shown to the Scale
#9It's quite clear that billionaires don't care about this. They will part ways with their money in a way they see fit. If it means donations to non-profits they own, or off-shore companies to lessen the amount of taxes they have to pay, then they will do just that.
All this talk about inequality is for naught. You don't have to tell Bezos how big his slice of the pie is. He knows. And he will take more by any means necessary.
Re: Wealth Inequalities Shown to the Scale
#10The author has no vision whatsoever. His solutions are just take the money from the rich and give it to people.
- How about building an extensive and complete rail system that covers the entire country? This would help people get to jobs.
- Building out high speed internet throughout the country. Just do that in one swoop everywhere (including rural areas).
- Revamp the education system from the ground up. It's all outdated.
I could keep going. This kind of stuff could be solved with the budget we already have as a nation, however.