• rayyy@lemmy.world
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      7 months ago

      It’s only going to get worse. Money buys elections and Putin, along with American oligarchs have a lot to spend on getting their desired results.

  • FlowVoid@lemmy.world
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    7 months ago

    It’s not just billionaires. If you put any amount of money into the S&P500 in Jan 1 2017, it would be worth more than twice as much today.

    • RGB3x3@lemmy.world
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      7 months ago

      But is it really fair that a person with 50 million can turn that into 100 million, whereas most people can turn at most $5,000 into $10,000?

      Earning $5,000 over 7 years is basically worthless.

      • ObjectivityIncarnate@lemmy.world
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        7 months ago

        But is it really fair that a person with 50 million can turn that into 100 million

        Yes.

        And since that can only happen by investing that amount into the economy, it’s wisely encouraged by the system, versus putting the 50 million in a vault somewhere.

        • Flying Squid@lemmy.world
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          7 months ago

          The fact that you can’t see how this is a huge flaw in, at the very least, the American form of capitalism is sad.

          • ObjectivityIncarnate@lemmy.world
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            7 months ago

            You think it’s sad because you’re deeply ignorant. Do you also think that if the $5 baseball card you bought becomes worth $100, that that means you’ve stolen $95? lol

    • olivebranch@lemmy.ca
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      7 months ago

      This is a problem of every popular candidate in both parties, even in a lot of third parties.

  • olivebranch@lemmy.ca
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    7 months ago

    I hate how politicians always use these things to get their rich loving person in the office. Like they didn’t get richer during Biden administration. Who really thinks that rich getting richer is a Trump or Republican problem is completely unaware of the political situation in the entire World right now. I wish Democrat politicians would stop using this platform to manipulate us into voting for some genocide rich idiot instead of thinking of real solutions. Democrat party will NEVER help us solve this problem in any slightly meaningful way.

      • olivebranch@lemmy.ca
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        7 months ago

        I see what they do when they are given a chance. They do the same tax cuts for the rich and fund genocides. It isn’t just republicans that got us into this mess, they are working together for the same rich donators. Thinking they can be your allies is most dangerous thing you can do in politics.