this post was submitted on 26 Aug 2023
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I’m actually ok with wealthy people being wealthy, but when they took over the government as a way to make even more money at our expense is where I draw the line. We need to take back regulatory power, it’s the only thing that can compete at today’s scale.
Wealth is power. If you allow a tiny sliver of society to amass society warping levels of it, this is the outcome. There need to be limits and controls, or this will always happen.
We need to recognize that janitors are also integral and valuable. An MBA large company well paid executive doesn't provide value to society in general, only private shareholders.
https://www.cnbc.com/2021/10/18/the-wealthiest-10percent-of-americans-own-a-record-89percent-of-all-us-stocks.html
Our society's values and incentives are perverse and self-destructive.
You ever see those comments on youtube that describe themselves as future entrepreneurs or whatever and absolutely slobber over shitty companies and rich people? Makes me cringe so fucking hard