| Kasz216 said: That's... pretty much just how it works everywhere though. The rich get richer because... well the rich are the ones who tend to create the most money. If we were in a system where there was a set 100,000 dollars... the rich getting richer would be more bothersome... However in a system where value is created, how do you avoid the rich getting richer? Outside of economic collapse.
If we could find a way we'd be all for it, but the traditional methods like super high taxation on the rich are going to lead to nothing but lower wealth for all... but more equal. I'd rather have 2 videogames a month, and a rich guy buying 2 houses a month, rather then have 1 videogame a month, and a rich guy buying 1 house a year. |
While I agree with you in principle, the economy has been set up to reward the manipulation and rent-seeking behaviour of a handful of wealthy and well connected individuals and organizations. As an example of what I mean, consider cap-and-trade legislation ...
Cap and trade legislation is designed to necessarily increase the cost of energy to consumers without increasing the sale price to the producer; and this difference in cost to the consumer and sale price to the producer is the profit to a carbon trader, who causes significant economic harm, and the only reason they have access to this money is because of their economic power and political connections. Certainly, one could argue that an individual could also enter into the carbon trading market except that the invention of high-frequency trading gives large investors an extreme advantage.
Although cap-and-trade is the most obvious and easy to understand example of the economy being rigged to allow people with power to steal from those of us without power it is by no means the only one.
