The first half of your comment and the second half contradict.
I forget the exact statistic, but did you know that something like 70% of those on the Forbes 400 Richest list are entirely self made? Did you know that the vast majority of millionaires in the US received $0 in inheritance, and far more received less than $10k? The rich, by and large, made their wealth in their lifetime with their own means.
I say this because we need to make better arguments and be more honest with the situation. No, we aren’t entitled to the money of the rich just because “they have too much” or something. Redistribution is desireable because the economics are fundamentally changing with winner take all economies, regulatory capture, the ability to influence government policy with wealth, and the massive increase in the general welfare achieveable with stronger redistribution.
Getting mad at rich people because they have bigger numbers in their bank account is a weak argument, disingenuous, and immoral. The truth is much simpler: redistribution results in a more successful society.
I forget the exact statistic, but did you know that something like 70% of those on the Forbes 400 Richest list are entirely self made? Did you know that the vast majority of millionaires in the US received $0 in inheritance, and far more received less than $10k? The rich, by and large, made their wealth in their lifetime with their own means.
I say this because we need to make better arguments and be more honest with the situation. No, we aren’t entitled to the money of the rich just because “they have too much” or something. Redistribution is desireable because the economics are fundamentally changing with winner take all economies, regulatory capture, the ability to influence government policy with wealth, and the massive increase in the general welfare achieveable with stronger redistribution.
Getting mad at rich people because they have bigger numbers in their bank account is a weak argument, disingenuous, and immoral. The truth is much simpler: redistribution results in a more successful society.