this post was submitted on 03 Oct 2023
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The main issue I have with FDR's second bill of rights is that it does nothing to fix late stage capitalism. Generational wealth will continue to accrue and those without it will be punished by no fault of their own. Sure it will make poverty less common and less impactful but people will only have bargaining power in employment via unions while not enshrining unions with more protections.
I think you see the impact of that in a country like Sweden. One of the lowest income inequalities in the world, but also one of the highest wealth inequalities in the world.
The wealthy don't earn a wage to accrue wealth, they make money off having wealth. It's why whenever you ask a finance bro how to become wealthy and it's a three step program of have money, don't spend money, make money off having money.
Yeppppp, and when you ask them "well how do I get enough money for step 1?" they're just like "idk get a better job I guess? I had a trust fund lol", as if better jobs grow off trees.
Just get rid of the concept of corporations, funds, foundations, etc all the ways rich people have sheltered their assets from the state. Wealth may only be held by individuals plus a 100% death tax on wealth above some level. Maybe 10million, whatever.