It might be the obvious solution but is it the right one?
People are significantly more productive than say 50 years ago due to technological advancement. So where is all the money going?
I am no economist but it is my understanding that all this extra money goes to the rich because they've entrenched themselves in positions where they can extract a portion of a person's income with no recourse.
It's not normal that a single person can legally own tens of apartments and get a third or each tenant's salary without providing any value to society. It's not normal that companies can own residential properties, they have no use for them other than extracting money from people.
I recall danluu blogging about how multiple times he made code fixes that saved the company more than his salary just in electricity. What I see is an incredible technical achievement but also I see how he's being exploited - the money saved is value he directly provided to society, yet he sees none of it. Where does it go? To people who are already rich.
> People are significantly more productive than say 50 years ago due to technological advancement. So where is all the money going?
People have far better lives considering all the things available to them compared to 50 years ago. Most people would not want to live life like how people lived it 50 years ago.
> It's not normal that a single person can legally own tens of apartments and get a third or each tenant's salary without providing any value to society. It's not normal that companies can own residential properties, they have no use for them other than extracting money from people.
This is definitely a problem but I don't think the only one.
> This is definitely a problem but I don't think the only one.
Certainly. Planned obsolescence and devices being impossible (or illegal) to repair is another. If a device costs 20% less but lasts only half a long, buyers are losing money because the profits go to the rich more often.
Food has ingredients and an expiration date on the packaging as required by law. Expected lifespan should be required for petty much everything.
People are significantly more productive than say 50 years ago due to technological advancement. So where is all the money going?
I am no economist but it is my understanding that all this extra money goes to the rich because they've entrenched themselves in positions where they can extract a portion of a person's income with no recourse.
It's not normal that a single person can legally own tens of apartments and get a third or each tenant's salary without providing any value to society. It's not normal that companies can own residential properties, they have no use for them other than extracting money from people.
I recall danluu blogging about how multiple times he made code fixes that saved the company more than his salary just in electricity. What I see is an incredible technical achievement but also I see how he's being exploited - the money saved is value he directly provided to society, yet he sees none of it. Where does it go? To people who are already rich.