| ▲ | Throaway1982 8 hours ago | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
It's all about the pathetic rationalization we have placed on greed and profit. We can make millions redundant with AI and still have a social safety net that keeps society stable and healthy. But no, that wouldn't be "fair" to the people who generate millions of net worth every 5 minute. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▲ | vee-kay 8 hours ago | parent | next [-] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
"World’s top 1% own more wealth than 95% of humanity", as “the shadow of global oligarchy hangs over UN General Assembly”, says Oxfam: https://www.oxfam.org/en/press-releases/worlds-top-1-own-mor... Billionaire fortunes have grown at a rate three times faster than the previous five years since the election of Donald Trump in November 2024. While US billionaires have seen the sharpest growth in their fortunes, billionaires in the rest of the world have also seen double digit increases. The number of billionaires has surpassed 3,000 for the first time, and the level of billionaire wealth is now higher than at any time in history. Meanwhile, one in four people globally face hunger. https://www.oxfam.org/en/resisting-rule-rich And I believe this is useful and thought-provoking reading in this context of how unbridled Capitalism is exacerbating the divide between the rich and the poor, the haves and have nots. Wage slavery: The illusion of freedom: Exploitation Under Capitalism: Marx’s Analysis of Labor and Profit: https://philosophy.institute/social-political/exploitation-u... https://davidlingenfelter.substack.com/p/the-normalization-o... And no, the solution to the problems are not blind unchecked communism (which itself leads to fascism), but perhaps some more ethical & humane methods are needed for an overhaul of world society, and economic & geopolitical regimes. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▲ | anonym29 8 hours ago | parent | prev [-] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
If you could confiscate 100% of the assets of every billionaire in the country, and sell all of them for market rate without putting any downward pressure on prices at all, that sum would not fund 10 months of the federal government's current spending levels, and even less if you wanted new programs. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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