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Just 0.001% hold three times the wealth of poorest half of humanity, report finds
(www.theguardian.com)
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this post was submitted on 10 Dec 2025
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I started to feel that’s a mathematical issue, not an economic issue. Since the internet is a thing, a person’s influence and wealth can increase exponentially(benefiting from the networking effect aka power law), while the best tax law can do is still linear.
We need a tax law that grows exponentially. After certain points, it should collect almost 100% of the “controllable assets” (assets you can control, not necessarily owed).
But of course, we will never get it. People who have the will to climb the ladder tend to have less empathy for the masses, and they need to pay back to their stakeholders to help them get on top. It’s another paradox we need to deal with.
TBH the only thing that can fix humanity is extraterrestrial life lol.
I would call it systemic, in fact I'd argue it's the central flaw of capitalism (but one that imo can be mostly fixed with heavy regulation and taxes scaling to near 100% as you say).
When wealth = power, those with wealth will always attract even more wealth.
It's an overused statement by now but it seems worth repeating: many people find it easier to imagine the end of the world than the end of capitalism.
Followed through until the doom and gloom. Organize!
We've had this before, and can again. Look up FDR-era marginal rates.