this post was submitted on 30 Sep 2023
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Dude, please…
What you should be looking in the New Deal is the Revenue Act of 1935: https://en.m.wikipedia.org/wiki/Revenue_Act_of_1935. That kind of taxation was ended by Ronald Reagan, and since then, economy has shifted to the commoditization of everything that you can speculate with (housing, food, medicine, etc). Without limits, there’s been a polarization of wealth and a growth of inequality (see the Gini index, or even, the disparity in salaries).
It’s not about the rich. Nobody is against the rich, but the rich (and the system) need rules and limits, without it, you allow some people to amass so much wealth that the system starts to collapse.
See that I’m only talking about billionaires, not millionaires or wealthy people. These billionaires are the most powerful people in human history, and we don’t have a way to deal with them. We got rid of kings, and powerful individuals in the past when they tried to exploit populations, but we never faced people as powerful as these billionaires, so maybe we can’t put a leash on them. It’s a difficult challenge.
It’s funny you mention the Bible. If you are a religious person, I guess, by you attitude here, that you’d say to Moses “Oh! Stop bitching about the pharaoh! Just do your job and don’t complain!” Right?
Whatever…