Corkyskog@sh.itjust.works to Showerthoughts@lemmy.world · 1 day agoWealth inequality seems like the only outcome in a system where capital gains are taxed less than labormessage-squaremessage-square40linkfedilinkarrow-up1346arrow-down14
arrow-up1342arrow-down1message-squareWealth inequality seems like the only outcome in a system where capital gains are taxed less than laborCorkyskog@sh.itjust.works to Showerthoughts@lemmy.world · 1 day agomessage-square40linkfedilink
minus-squareMeron35@lemmy.worldlinkfedilinkarrow-up17·19 hours agoThis 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.
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.