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View Diary: Dear Beltway Insiders, while you make pretty speeches, I'm being cut to shreds (156 comments)

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  •  I meant to use about the same ratio (0+ / 0-)

    as productivity increase to wealth of the top 1%.  My math was off, however.  Should be 1.8x vs 2.2x, so should actually be (1 + 8) * 2.2 / 1.8 - 1 = 1000%, going from 10 times average workers salary to closer to 100 times.

    The fundamental problem is this:  If the additional money from increased technology primarily goes to he who already has money to invest on increased productivity, wealth continues to accumulate up top, income disparities can only get worse.  The wealthiest 1% already control 40% of the wealth, and the richest 10% control 80%, which is just obscene.

    I also find it curious that you don't mention the individuals responsible for developing the technology.  Who would quite likely already in the top 10%, but may not be upper management themselves, and not end up with nearly as much a share of the benefits the owners of the money between either the company that develops the tech, or the one that uses it.

    •  Oh, and recs are more an indication that (0+ / 0-)

      people agree with your point of view, rather than they think you have a great argument.  This is a liberal site.  Arguing those with capital should get even more money, relative to those who do the actual work, isn't really going to appeal to a whole lot of people, regardless of well you argue it (Or how poorly I argue against it).

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