I've heard it said that as long as investment returns average higher than wage increases, society will continue to get worse.
this post was submitted on 20 Aug 2025
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Make housing prices increases an investment and you give the rich a force multiplier.
There should be laws against predatory and fascist forms of Capitalism. CEOs going to jail should be a regular occurrence for a few years at least.
There should be set ratios between worker pay, CEO pay and profits. It's the only way a just society can be returned.
We need a corporate death penalty. If corporations are people, we should be be able to charge them like people. Well-Fargo scammed over a hundred million dollars from their customers. I see no reason why they can't be in a corporate jail, where damaged parties are paid out first, then the customers, then the employees, then the executives, and if there is anything left, let the investors have it.
Same for Equifax, they lost literally everyone's personal data after collecting and selling it without their consent. If I did something like that, I would get multiple life sentences. The company and its assets should be liquidated, and the money generated should be used to setup a Identify Theft taskforce proactively checks for identity theft on affected individuals and pays out 100% if they are damaged by Equifax's actions.
fascist forms of Capitalism
There is no other form, the difference is only in what state of fascism it is.
This is basically the central thesis of world famous economist Thomas Piketty.
Inequality inevitably worsens if the rate on capital exceeds the rate on labour. That is, when society rewards simply owning capital and wealth more than working.
r > g
Wealth inequality is in the inevitable outcome of a market system. It's mathematically baked in. A tax system like this just makes it faster.
Read Marx
And after that, Kropotkin
I've not read much Kropotkin, I started his book on the French Rev but got pulled into other stuff. Need to get back to it.
I am a huge fan of Malatesta though. Why don't more anarchists recommend him?
It’s worse than that. Wealth inequality is inevitable in any system that allows private ownership of the means of production. Marx wrote about this in great detail.
Almost as if by design… 🤔
That is why we need robot overlords everyone is equal if we're all slaves to our robot overlords!
Even if you tax capital gain more than working normally its easy to create inequality. If you make 1m a year with 90% tax you still end up with 100k a year. That's still more than most people have. As long as we allow companys andsindividuals to exploit the workforce and extract value from it there will be inequality. If every worker you hired gives you just 1k after tax per year and you have 100 workers you still make more money than every single worker whose money you stole.
Yeah I always found the won't invest to be bs. its like people don't stop working because they pay taxes on it and actually its the more likely scenario with high taxes. Having the capital gains lower over time to encourage holding investments is sorta good but it need not be lower than income tax. Also a transaction tax would curtail daytrading nicely.