Income inequality in Canada is at a record high, and corporate greed is making it worse. While families struggle with rising grocery bills, Loblaws is fast-tracking price hikes.
Enough is enough. It’s time to tax the rich and hold corporations accountable, because everyday people shouldn’t pay the price of corporate greed. #WealthTax #VoteForIt
🎓 Doc Freemo 🇳🇱
in reply to Chris Markevich • • •Greengordon
in reply to 🎓 Doc Freemo 🇳🇱 • • •When societies achieve this level of inequality, fascism is a typical outcome. Because the more unequal things get, the more those with the most want and take. Rich people are rarely good people.
🎓 Doc Freemo 🇳🇱
in reply to Greengordon • • •Only if there are fundemental problems inthe society to begin which is built to unfairly give advantage to the wealthy. If that exists the problem is severe at any level of wealth inequality, and in fact is **more** noticable at the divide between poor and middle class in such a scenario.
While you are right, that inequalities exist in that situation the solution isnt "dont let some people be more successful financially than others". The solution is to make sure society doesnt get built in a way that the rich have an advantage.
One simple example, if you have tickets taht are fixed rate fines (like $500), that gives the middle class power over the poor. However when the punishment isnt financial (like a week community service) then no matter how much money you have you arent at any advantage in that scenario. You dont fix the problem by preventing people from being financially successful, you fix the inequalities in society that allow the middle class to take advantage over the poor.
Greengordon
in reply to 🎓 Doc Freemo 🇳🇱 • • •There needs to be a limit on individual "financial success." Billionaires seem to result from oligopoly, which happens when people are too rich and use their wealth to corrupt the government.
Want Ch🔁nge? W🔁rk T🔁gether☑
in reply to 🎓 Doc Freemo 🇳🇱 • • •Sensitive content
I think it is a problem (if you really mean originally near-0 problems from it) because of what is related to wealth are just too MANY as I see it below:
Some may start good or seem giving but many start to damage or have limits / go cross the line.
Thanks for your thoughts on those main points with ➡️
So some of those elements and extensions below are listed that surpass good (again even starting out as good quickly by design go bad with or with awareness) which are the points are around:
➡️ material extraction / earth's limits related to wealth #oil #land whatever
➡️ geo-political relativity is inevitable (can't have land etc with disruptions) which eventually wealth funds as war problems even if you didn't mean it.
➡️ tax related to wealth inequality funding States / power that naturally corrupts / is less humble (and many companies might pay very little 1% tax whereas people pay 50%+ directly if not indirectly which is unfair - we should all be living it up easy !)
➡️ #economical #war (#wealrth inequality creates feelings / encourages more control / take overs / monopolies etc)
➡️ the #ignorance which buying / selling automatically embeds (makes far too easy as any most 'wealth') and encourages naturally a short way but from longer #hidden damage-chains more than understanding things a bit more by not using it and less importing it... and then having choice in being 'born into it' eventually means losing common sense and morality and skill as even more embedded and detached responsibility as #wealth / #externalization / distance itself becomes increasingly more.
➡️ just using banks - not cool - having wealth transacted and stored with those types of #cold people and it's false #economics.
In my book the re-lending of this kind of wealth overnight (as the main type of #wealth let's say) dilutes all money (as man-made infinite numbers of "#growth" rather than actually planetary and #social measurements).
Banks as momentary positive numbers in exchange for negatives long term (Debt / #Negative society / #treadmill society as result)
So my storage of wealth = more debt and make things dilute faster. Hence why people kept it under their mattress and effectively so as in banks has only gets worse apart from 'safe keeping of it'
#War of course provided by banks if most wealth needs storing "safely" (again to re-#loan it to other behind your back).
Again other wealth but consider just #banks as 1 #hornets nest... and
➡️ If it's not geared towards Sharing then it's bad. #Privatization / #Gentrification / raising the bar always makes it a losing and inevitable power things as inequality with these #problems above - almost total control on people individual life itself (no #food or #shelter).
Quality of life can be that much better for poor people as modern times are based on using / leveraging the poor people or even countries for the upper class / authorities #ultimatums (not just 1 but continual) else face #death /#turmoil... That is how wealth #inequality works more I think that what you indicated as almost nothing...
Your next post is a bit confusing or confirming as mentions #unfair #advantage - I believe that's the whole point and existence of it or came to be at least..
➡️ Even highly #competitive #markets are bad / too #hyperactive / duplicative / exhausting in all this as material or #society even if seemingly 'giving' (damaging #planet / #people / being# ignorant overall).
Thanks for your thoughts on those main points with ➡️
🎓 Doc Freemo 🇳🇱
in reply to Want Ch🔁nge? W🔁rk T🔁gether☑ • • •Having a system where wealth can be problematic is not the same as saying wealth is the problem, it means the system is the problem because it allows wealth to have an unfair advantage to begin with, and therefore is not capitalism (which by definition requires markets to be free, they arent free if wealth can dominate them).
This usually means things like anti-trust laws, and not allowing legal power to be bought. In other words, you cant buy your way out of legal trouble with a better lawyer, fines cant be flat rate fees per offense, and monopolies cant exist, to name a few. All of your points are easily addressed not by trying to eliminate wealth disparity but by addressing these root problems, because if you dont then even when wealth disparity is low you still have an unfair society where someone with even moderately more money can buy themselves out of legal troubles or otherwise take advantage of the system.
Material extraction - with anti-trust laws no one has anymore power to extract than anyone else, free market competition leads to fair prices and everyone p
... Show more...Having a system where wealth can be problematic is not the same as saying wealth is the problem, it means the system is the problem because it allows wealth to have an unfair advantage to begin with, and therefore is not capitalism (which by definition requires markets to be free, they arent free if wealth can dominate them).
This usually means things like anti-trust laws, and not allowing legal power to be bought. In other words, you cant buy your way out of legal trouble with a better lawyer, fines cant be flat rate fees per offense, and monopolies cant exist, to name a few. All of your points are easily addressed not by trying to eliminate wealth disparity but by addressing these root problems, because if you dont then even when wealth disparity is low you still have an unfair society where someone with even moderately more money can buy themselves out of legal troubles or otherwise take advantage of the system.
Material extraction - with anti-trust laws no one has anymore power to extract than anyone else, free market competition leads to fair prices and everyone pays the same regardless of how much money you ahve.
geo-political: Take money out of politics such that you cant buy yourway into presidency. ITs pretty simple, just outlaw politicians spending **any** money of any kind on campaigning, adjust the amount of money they are allowed to spend to be proportional to the size of their constituency.
tax related and economic wars are moot points as those represents **governments** not people with money. But if you want to address that then just apply the same principles ont he global stage between governments.
Just using banks - Dont require banks, let people store their money however they wish, including open-source techs like cryptocurrency.
@chrismarkevich