@breadandcircuses I like the image. It’s pithy and calls out a pernicious lie.
I find rejection of capitalism to be reductionist and lazy. Capitalism absolutely has flaws, but it also has benefits.
The root issue of today is that we have allowed the rich to get too wealthy for too little. I think a wealth tax is the most practical way to reduce harm. Imagine if the wealthiest person had “only” $500m; it’s a far more democratized world than we have now.
1% might be right world-wide. Idk. I did the math for the US, adding up all the landlords, employers bankers, and a few others and came up with 7% (rounding up from 6.66%).
@breadandcircuses in practice, experience teaches us that it's both. look at cuba, china, and russia. there is always an in group, no matter the economic system, and they always take the majority of wealth for themselves.