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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe pace at which US wealth concentration is rising is simply staggering The concentration of AI wealth into the hands
The pace at which US wealth concentration is rising is simply staggering
The concentration of AI wealth into the hands of a few tech barons + plutocratic capture ==> unchartered territory
This is why you can't
— Shari in AZðµ (@mutsy67.bsky.social) 2026-02-15T16:41:24.761Z
ð¤¬get ahead
ð¤¬Buy a new car
ð¤¬Pay off your debts
ð¤¬Buy a house
ð¤¬Stop using credit cards for groceries
ð¤¬Take a vacation
Its the billionaires
VMA131Marine
(5,208 posts)Its not good for the country to have such massive disparity.
walkingman
(10,563 posts)raising taxes on the wealthy/corporations, implementing a wealth tax and use that income to expand access to education, healthcare, and affordable housing.
Also expand antitrust enforcement so that the consolidation of markets is not owned by just a few - that include the media.
jmbar2
(7,826 posts)(repost from something I just shared)
R0ckyRac00n
(119 posts)
OldBaldy1701E
(10,770 posts)You first regulate the hell out of business. The free ride from the governmental teat is over. So is the favoritism. Especially the idea that a coronation is a person!
You impose very stringent regulations on how they operate, how they dispose of their waste, and their ability to promote their products (no more riding the line between stretching the truth and outright lying, for example). You stop their ability to induce laws that favor their products. Completely. NO more lobbying. You then tax them for their use of facilities in proportion with their use of said. No more major roadway damages from big trucks while the company schmoozes with the mayor to keep the DOT busy patching cosmetic cracks in the CEO's neighborhood.
THEN, once they start whining and trying to get around the 'new way of doing things'...

gulliver
(13,827 posts)SMH, the chart itself is just talking about 2% of the wealth! What about that other 98%? Owned by mutual funds? Owned by pension plans?
Apparently, all it takes is a chart with no data source specified that shows a big spike, has words like "staggering" and "plutocratic" in it, and a bunch of "meanie face" icons, and everyone has their keyboard pitchforks out for the "wealthy." This is why we lose elections.
We've needed to tax automation, not just AI for a long time. One of these days we're going to figure that out. Automation replaces labor? Compute the payroll that would have gone to that labor, and tax robot owners some fraction of that, both for FICA (payroll) and the general fund. Or, just keep grumbling
Turbineguy
(39,934 posts)harumph
(3,159 posts)Of course, the lucky money will get out and leave the rest of us holding the bag.
Mosby
(19,378 posts)Which doesn't have much to do with car, home prices or wages. The richest Americans have nothing to do with home prices.
List:
Elon Musk: Tesla, SpaceX
Larry Ellison: Oracle
Mark Zuckerberg: Meta (Facebook)
Jeff Bezos: Amazon
Larry Page: Alphabet
Sergey Brin: Alphabet
Steve Ballmer: Microsoft
Jensen Huang: Nvidia
Warren Buffett: Berkshire Hathaway
Michael Dell: Dell
Rob Walton & family: Walmart
Jim Walton & family: Walmart
Michael Bloomberg: Bloomberg L.P.
Bill Gates: Microsoft
Alice Walton: Walmart
Julia Koch & family: Koch Industries
Charles Koch & family: Koch Industries
Thomas Peterffy: Interactive Brokers
Jeff Yass: Susquehanna International Group, TikTok
Which one is stopping you from buying a new car?