/r/ConcentrationOfWealth

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ConcentrationOfWealth - Intelligent discussion about the concentration of wealth and income inequality

/r/ConcentrationOfWealth

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15

Documentary films about criticism of capitalism – The Corporation (2003) – Capitalism: A Love Story (2009) – Inside Job (2010) – Laboratory Greece (2019)

0 Comments
2024/12/01
08:07 UTC

9

My analysis of the economic and political moment Americans are in.

I’m still unpacking the brainwashing I’ve received since birth from the corporate propaganda machine. I’m still exploring and learning about the social and economic realities we face today.

Today, I’ve been thinking about how extreme wealth inequality and unchecked capitalism has put the US on a path toward imminent political and economic collapse.

It sounds extreme, but let’s dive into the facts.

-Our government has largely been captured by corporate and wealthy interests.

-Trust in institutions is at an all time low.

-Wages have stagnated for decades.

-Labor rights have been systematically eroded, leaving workers with less power and more insecurity.

-Upward social mobility is a pipe dream for many.

-The climate crisis is looming and threatening every aspect of human life.

This is the path we’re on. It’s a dark future, unless we correct these systemic plagues.

Unchecked corporate greed is stretching consumers to a breaking point. It pushes Americans to lose trust in its government, undermining the very system that relies on trust to function. Americans trust the government to maintain a monopoly on legal tender, to solve problems, and to protect them. Without that trust, the foundation of our democracy is weak.

If billionaires and corporate interests continue distorting democracy while shipping jobs overseas and extracting wealth from the middle class, we won’t just lose our economy, we’ll lose our country. A society stretched too thin can’t sustain itself. If Americans don’t have the buying power to support businesses, or the faith to engage in civic life, collapse and failure is inevitable.

Our system is more fragile than we realize. We saw this in 2008, when the banks failed. The government had to step in to save our economy, and use the people’s tax dollars to rescue the banks that gambled with our economy. At the same time many Americans suffered and lost their jobs, homes, and savings. Political unrest followed. That was a warning.

It’s a bright flashing warning sign saying the ship is sinking. Are we going to continue ignoring it? Are we too polarized to come together to solve this problem?

2 Comments
2024/11/22
21:54 UTC

67

How did fair taxation of billionaires become "radical" at all?

0 Comments
2024/11/19
05:01 UTC

9

Washington Post: Trump allies eye overhauling Medicaid, food stamps in tax legislation | Republican leaders, looking for ways to offset the cost of lower taxes, are considering changes to safety net programs for the poor. (Excerpts from article)

0 Comments
2024/11/18
22:53 UTC

60

Eat the rich

0 Comments
2024/11/14
17:05 UTC

35

It's a trickle-down nightmare

0 Comments
2024/11/14
08:14 UTC

45

CEOs making millions and doing stock buybacks while paying workers less each year has ruined the World. Agree?

0 Comments
2024/11/11
06:28 UTC

119

We already tax the rich enough. Agree?

1 Comment
2024/11/11
01:55 UTC

13

150 billionaire families spent $1.9B on the 2024 election through October. A huge amount of money — but it represents just 0.07% of their overall wealth. We must get big money out of our politics.

0 Comments
2024/11/09
09:26 UTC

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