1/ The main conduit of wealth inequality is unfair tax policy. For the last 40 years we’ve been transferring wealth into the hands of a few through increasingly reduced taxes for top earners as well as corporate subsidies and financial deregulation.
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Replying to @mcleftington
Capitalism itself is inherently neutral. We have a tradition in America of pushing back against overreach by capitalism: labor unions, child labor laws, anti-trust laws etc. But in 1980 they started deregulating capitalism & deregulating banks, turning it into an unfettered force

Aug 22, 2020 · 3:40 PM UTC

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It is absolutely not the same as saying that slavery is neutral!! Not every rich person is a greedy bastard, by the way.
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Replying to @marwilliamson @mcleftington
Love ya Marianne but I gotta disagree. If a system is inherently amoral that means it's implicitly immoral. Having "the bottom line" by your sole driving motivation isn't amoral by any reasonable standard, and if a system needs human misery to survive that system is indefensible.
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It’s an amoral system that has produced immoral results for the reason I said: deregulation. Capitalism doesn’t necessitate exploitation or human misery. When regulated appropriately, lots of money can still be made for stockholder & workers. German and other economies prove it.
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Replying to @marwilliamson @mcleftington
Preach, Marianne! People want to change our government and economic system need to know that the reason it is broken is not because it’s the wrong model. The model has been corrupted. Wealthy must pay their fair share and take less. People must have a living wage.
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Replying to @marwilliamson @mcleftington
This is wrong Marrianne. Capitalism inherently overreaches for power. The tradition of fighting against tyranny has existed for millennia. Regulating capitalism is like regulating sexual harassment. We must fundamentally change the system away from greed, & that means socialism.
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Replying to @marwilliamson @mcleftington
Exactly!!!
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I disagree but that’s OK.
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