Financial Wealth in the U.S.
With a framework constructed through the analogy of capitalism as a democracy where votes are cash, securing the interest of
Additional, still operating within this analogy and citing the same source (in turn citing Wolff 2009), that the 20% financial minority (90% of the population) holds 73% of the debt and
This is a far cry from the meritocracy (American mythos) commonly cited as inherent to capitalist democracies (or republics). Those working to produce goods and services do not receive proportional reward from doing so. Still, what could be better than democracy and capitalism?
In response to “someone that kind of money had to step on a few shoes,” would it be unjust or detrimental to competition to impose a cap on the total wealth/income of an individual or company?
Would it be possible to legislate people’s (democracy’s) control of others away to diminish totalitarian creep? It is not for others to say what can be smoke or who can marry whom.
