996

These times really do feel like those once-in-a-century redefinitions of work and labor, similar to how we got Child Labor Laws and 40-hour work weeks from the labor movement early last century. Intrinsically, more people are realizing that the former social contract was long ago fed into a shredder, and that the lack of a formal contract will have consequences. Technology broke down the 40-hour work week by enabling more work to be done both outside the office and after traditional working hours, drastically increasing productivity and profit while wages stagnated for decades in the face of skyrocketing costs. Now we’re racing ahead towards a breaking point between Capital cheering shit like 996 and AI job-replacement, while more humans can’t afford rent, or food, let alone education or healthcare on their burrito taxi wages.

Something will eventually have to give, if we aren’t proactive in addressing the crises before us. Last time, it took two World Wars, the military bombing miners, law enforcement assassinating union organizers, and companies stockpiling chemical weapons and machine guns before the political class finally realized things must change or all hell would break loose; I only hope we come to our senses far, far sooner this time around.

It also took Russia going to shit to an extent that got everybody else scared—and that Russia still hasn’t really recovered from, because repeatedly cutting the elite out of your society (however unfairly it’s gotten there) really fucks that society up.

What?

When America was strongest, we had a large and increasing middle class, and the top marginal tax rate was above 70% - it was in the 90s.

We don’t need “the elite” - they don’t actually “create jobs”, and the “engine of the economy” is just a convenient vehicle for the rich (and private equity) to ruin the middle class further - it was never about “efficient markets”.

If anything what we’ve seen over the last 40 years is that we need better systems.

> When America was strongest, we had a large and increasing middle class, and the top marginal tax rate was above 70% - it was in the 90s.

I think you got this wrong. According to my sources the highest marginal income tax rate was 39.6%.

It was during the 50s, 60s, and 70s that it never dipped below 70%.

Source: https://bradfordtaxinstitute.com/Free_Resources/Federal-Inco...

The other thing is that different dimensions of the economy and other societal aspect have different lagging effects so you cannot simply assume causation or correlation between things during the same time frame.

The 'tax the rich' crowd loves to quote the top marginal rates from 50 years ago; but did anyone ever really pay those rates?

Tax shelters were common in those days with the rich paying accountants and tax attorneys to find ways of avoiding those astronomical rates.

Some people tried to evade the system - that’s why we have helicopters. We can just grab them and bring them to court, no problem.

I don’t think “some people didn’t abide the rules” is reason not to make sensible laws.