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kilna | 1 year ago

Since 1980 the top 1%’s share of national income nearly doubled, while the bottom 50%’s share fell from 20% to 13%. Real wages for most workers stagnated despite productivity rising 62% (1979-2019), ALL of that went to investors.

People who claim funding co-ops is a "wealth transfer" ignore existing policies which already funnel taxpayer money upward. Redirecting a fraction of subsidies like bailouts and fossil fuel breaks and the endless war machine... instead to worker owned models that reinvest profits locally and tie wealth to labor... that isn’t a new transfer but a correction. Co-ops reduce reliance on exploitative private equity (e.g., hedge funds buying 40% of U.S. rental homes) and ensure economic gains stay with the people generating value.

I have the controversial opinion that people who work should get money, not the people who don't work.

discuss

order

chii|1 year ago

> people who work should get money

and they do.

> not the people who don't work

and they don't. With the exception of some basic welfare payments, which i am not opposed to, what you mentioned is what currently happens.

But you're unilaterally classifying capital as not being work would be wrong. Capital is solidified work from previous/earlier times, but unconsumed and saved.

agentultra|1 year ago

I think they're referring to the class of people who profit from capital rather than their labour. That class profits from the labour of others. They don't have to exploit their bodies, experience, and skills (labour) to realize profits. They're the ones who, "don't work."

They're not talking about people who "don't work," and collect welfare.

skinnymuch|1 year ago

Capitalists don’t work. That’s what they meant.