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Comment by atmavatar

The exponent doesn't have to be as large as it currently is.

The wealth inequality we see now is largely a function of every Republican administration in the last half century passing tax cuts for the wealthy while simultaneously dismantling unions and failing to enforce anti-trust, allowing market consolidation the likes of which we haven't seen since the gilded age.

The result is that wage growth completely disconnected from productivity growth to the extent that subsequent generations are now poorer than their parents' generations.

None of that happened naturally - it was the result of repeated policy changes by the government.

parent atmavatar 13 days ago

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