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BenoitEssiambre | 1 month ago

Note that the "Labor vs Capital" distinction mostly means "workers vs retirees". The reason more money goes to capital these days is not necessarily that each retiree is getting more but that in an aging population, there's more retirees so it takes more resources diverted from workers to support this larger non working population. This problem can be solved with more babies 20 years ago or more immigration of workers now to share the burden (unless AI makes everything weird).

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stanleykm|1 month ago

I undestand what you are saying but retirees are not what people mean when they talk about Capital. They are talking about executives, fund managers, billionaires, and so on. People who actually control much of our society. Yes many of the funds are managing the retirements of working people but that does not necessarily need to be the case, nor do those retirees have any active ownership of the companies those funds invest in.

BenoitEssiambre|1 month ago

Right but the majority of people holding significant amounts of capital is retirees or people saving for retirement. There is a small minority of people wealthy for other reasons. It doesn't really make sense to strongly associate these people to "capital" since they are a small minority of capital holders.

runako|1 month ago

There's been a lot written on Labor vs Capital, so I will just suggest you research the topic because you are not on target here.

BenoitEssiambre|1 month ago

Do you have a link? What I've seen in most discussions is obscuring of the fact that the majority of "capital" is directly or indirectly retirees or people saving for retirement. Those in the top 5% wealthiest often need to survive on that wealth for decades so it's not as if they have per year spending power that is that high. You too will be at your top percentile wealthiest of your life when you are nearing retirement.