'We are essentially in a new Gilded Age’: As workers get laid off, CEOs and shareholders gobble up hundreds of billions in profits
'We are essentially in a new Gilded Age’: As workers get laid off, CEOs and shareholders gobble up hundreds of billions in profits
CEOs cite the need to downsize in a rough economy, but it seems corporations are doing better than ever.
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Tax.
Tax them like there is no tomorrow.
Billionaires should simply not exist. Put a cap on total net worth and if you pass that, income tax goes to 100. If your networth goes up anyway because of stocks or whatever, tax that too. Tax stocks, homes, boats, etc.
Enormous wealth should be like the speed of light. The closer you get there, the heavier it becomes to stay there, you need to spend more and more energy to get less and less higher.
This should not be a crazy idea.
Billionaires have such a heavy say in our government that it will never go that way unless it's forced.
gilded age
Reforming capitalism will only delay end stage, not prevent it.
Imagine getting something like the early 20th century labor movement going these days. Seems impossible right? We we did do it once and guess what, we are back again. What was the point of spilling all that blood sweat and tears if we just go right back to where we started? We wasted those lives lost and ruined because we thought capitalism could be salvaged. It is not salvageable.
We we did do it once and guess what, we are back again. What was the point of spilling all that blood sweat and tears if we just go right back to where we started?
30 years of relative prosperity?
Also, I don't understand how you think we'd be able to abolish capitalism without much more blood, sweat, and tears than would be spent building a labor movement. I also think that a strong labor movement would be a necessary prerequisite to abolishing capitalism. I don't see how you build a movement to abolish capitalism with millions of isolated, fractured consumers. By magic? Will AI or crypto solve this? 😄