Quote:
Originally Posted by Lune
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You really believe in framing it like that? That's unlike you to just say something that is verbatim Fox News without being a hipster about it.
In free market capitalist systems, and even in mixed markets, wealth will always concentrate in the hands of the few over time. It's a fundamental law of economics that having wealth is conducive to not only producing more wealth, but acquiring a larger share of aggregate wealth. The only way to reverse this is through government or syndicate intervention in the form of taxation, labor unions, labor laws, subsidies, etc.
Nobody is suggesting talented and driven individuals shouldn't be disproportionately and generously awarded for the value they add to society. But when the country is being systematically looted and driven to serfdom because the elite have become too adept at rigging the system, intervention is required. Making it so an entrepreneur only takes home $10 million a month instead of $12 million isn't going to deter him from doing what he's doing.
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I'm not talking about someone taking home $10mil a month, I'm talking about the households (not individuals) that enter the $150k a year bracket getting raped under the proposed system.