Slop of slop from slop!
That's the bad long-term decisions I'm talking about. They are currently directing the economy to end the world.
Windmills do not work that way!
Unfortunately it's even broader - any government spending is now socialism. So bailing out banks is "socialism for the rich", even though it's neither social ownership nor for social welfare.
They said evade
Well you just got me to listen to a guy rant in his basement bar for 25 minutes
The people just getting paid just for owning something don't seem to be contributing anything useful, and they're using that wealth to make bad long-term decisions on our behalf. We can't fix all the other stuff without the power to do so.
That explains why our economy is so shaken today!
This level of inflation amounts to 1.2% per year compounded, a relatively low inflation rate for modern-day standards, but rather high given the monetary policy in place in the 16th century.
owning a piece of a factory or a company they work at also does not directly change the standard of living. Reducing the fraction of the factory output that goes to the owners instead of the workers could.
Would workers owning the company not reduce this fraction to zero?
For the next few centuries at least, more people will be hurt by climate change. It's sucks for us now but it's still a net gain.
Or you'll just have more things to think about. The future is usually more complicated than we expect.
How do externalities turn communist revolutions into authoritarian regimes?