this post was submitted on 04 Sep 2024
143 points (96.1% liked)

Progressive Politics

1020 readers
419 users here now

Welcome to Progressive Politics! A place for news updates and political discussion from a left perspective. Conservatives and centrists are welcome just try and keep it civil :)

(Sidebar still a work in progress post recommendations if you have them such as reading lists)

founded 1 year ago
MODERATORS
TokenBoomer@lemmy.world
143
Recalculating (lemmy.world)
submitted 2 months ago by TokenBoomer@lemmy.world to c/progressivepolitics@lemmy.world
6 comments fedilink hide all child comments
 
you are viewing a single comment's thread
view the rest of the comments
[–] givesomefucks@lemmy.world 2 points 2 months ago

If you can get people to understand:

  1. Wealth is finite

  2. Inflation hides that

  3. Capitalism needs inflation to discourage saving and incentive investment, which makes saving pointless and gaining wealth a lottery ticket.

They can usually work out themselves that the only way for the 99% to get their share back is to take it from the 1%.

Sometimes you got to show that that the 1% have about 1/3 of the wealth.

https://fred.stlouisfed.org/series/WFRBST01134