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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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
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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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I disagree. The flaws in modern capitalism are a philosophical legacy of those times, but not a financial legacy. It didn’t even exist as it does now and certainly wasn’t mentioned in the constitution.

Aug 22, 2020 · 4:46 PM UTC