this post was submitted on 16 Sep 2023
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That's because "the rich hoarding cash" isn't causing income and wealth inequality.
Also, income and wealth inequality is not, in and of itself, a bad thing. Income and wealth equality would be far, far worse than what we have now, even as corrupt as it is.
Effecting income and wealth equality necessitates violating people's rights to associate freely, trade freely, and own property. That will lead to complete societal collapse, and rather immediately. Nobody would do hard, dirty, or dangerous jobs anymore. We wouldn't have electricity. We wouldn't have indoor plumbing. We wouldn't have medicine.
You are correct that everyone literally having and making the same amount of income is likely undesirable. But you could do a hell of a lot of motivating of bad jobs, at, say, a 10x max pay differential. But more importantly, remind me, is it the hard, dirty and dangerous jobs that currently make the most money? No. It's not jobs at all, it's ownership.