A couple of slices:

Extreme wealth disparity is not due to a lack of taxes, but rather a lack of competition. In a competitive market, profit margins are quite low. If any one company tries to set its prices much higher than the cost of production, rivals quickly undercut it. Unfortunately, large parts of our economy are blocked off from competition by laws and regulations. This allows monopolistic corporations to charge exorbitant prices.

Therefore, it is important to understand how billionaires create and maintain these monopolies that allow them to amass such unfathomable riches.

And:

A lack of competition allows billionaires and their corporations to not make, but take wealth from everyone else. It is not enough to merely tax them on their ill-gotten gains. We need reforms to ensure that they can’t exploit and fleece everyone in the first place.

Do read the whole thing.

If you enjoyed this article, please check out the other articles on my website and subscribe to receive future ones.

  • ShareMySims@sh.itjust.works
    link
    fedilink
    English
    arrow-up
    6
    ·
    edit-2
    12 days ago

    Extreme wealth disparity is not due to a lack of taxes, but rather a lack of competition.

    No.

    No no no.

    This isn’t personal (assuming you wrote this, you mention your site, so I’m assuming) but I’m just so sick and fucking tired of people thinking they’ve seriously analysed the state of affairs of the world, but not only refuse to even name capitalism, let alone point to it as the core problem, but worse, insist on the nonsensical idea that we can and should fix things from within it and under its rules (and in your example, using one of its most toxic and destructive elements), instead of realising the only way to free ourselves is to abolish it entirely, as if capitalism is some sort of natural order we simply can’t exist outside of.

    I don’t know if you meant it to, but your analysis gives "an"cp vibes in how close it gets to getting it, and then how fast and how far it eventually veers off course.

    Whatever the case. I think you’re close enough to benefit from exploring further if you think you can set your biases aside and sit with the discomfort of unlearning the constructs you’ve been made to believe are natural and unavoidable, otherwise you’re just going to keep skirting the issue but never hitting the point.

    • JairajDevadiga@lemmy.worldOP
      link
      fedilink
      arrow-up
      1
      arrow-down
      2
      ·
      12 days ago

      insist on the nonsensical idea that we can and should fix things from within it and under its rules (and in your example, using one of its most toxic and destructive elements)

      I don’t think I am saying that at all. Could you point out the specific passages which come across that way?

      • ShareMySims@sh.itjust.works
        link
        fedilink
        English
        arrow-up
        3
        ·
        edit-2
        12 days ago

        The whole entire thing.

        Competition is unnecessary.

        Humans are not in a battle for survival, there is enough for everyone.

        It is artificial bullshit created and enforced by capitalists to make them as much money and power as possible.

        Competition, by definition creates and breeds and encourages inequality and oppression of others.

        There is no good reason to cling on to it, never mind try to base a plan for a better society on it