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191 points impish9208 | 1 comments | | HN request time: 0s | source
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jparishy ◴[] No.45104627[source]
Wealth inequality is high. High enough you can feel it like a vibe in the air. The richest people in the world are telling everyone to get onboard with technology that is determined to make a lot of those same people's jobs redundant. All with an explicit goal of increasing the price of stock most of those people do not own.

IMO there's two economies, maybe divided by those who participate in the stock market and those who don't. We, Americans, have largely given up trying to improve the lives of people not in the first group. Economies are living, breathing entities and we're just grinding poorer people for fuel so richer people can have another house, another boat, another company. A lot of regular joes are really stressed out about paying rent. The loss in faith is warranted.

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Buttons840 ◴[] No.45104835[source]
Income taxes are higher than capital gains taxes.

This isn't based on economic theory or anything, it's just a political choice we have made as a country. We've chosen to reward those who move money around and trade capital more than we reward those who labor. And this at a time when, supposedly, the country is trying to increase its ability to build things.

I thought this specific fact worth mentioning.

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jparishy ◴[] No.45104964[source]
We're on the same wavelength. To me, I find it hard not to think about our explosive growth as a country happening at the same time we refuse to expand representation of the public. These charts are very frustrating to me: https://www.congress.gov/crs-product/IN11547

The people in power do not want to lose control, but clearly have no idea how to manage the scale of what has been built. There's an American leadership crisis going on right now that is hard to ignore, both in public and private life.

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Buttons840 ◴[] No.45105120[source]
We should go back to having the house filled with 1 representative per 10,000 people. Also, we should do something new and have all the representatives in the house be chosen by lottery.

Normal people are not represented in congress, because politicians are not normal people, but if we chose people by lottery we would have a branch of congress filled with normal people. They would have time enough to study the issues. Some of them would be stupid, but this is no worse than the current crop of politicians.

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1. jimmydddd ◴[] No.45105842[source]
“I would rather be governed by the first 2000 people in the Manhattan phone book than the entire faculty of Harvard.” -- William F. Buckley, Jr.