New Data Shows Income of Top 1% Has Grown 100x Faster Than Bottom 50% Since 1970
Not to sound defeatist, but we&#x27;ve now an endless amount of charts pointing to the significant changes that came as a result of political and economic decisions made in the 70s, including their effect on income and wealth inequality, and what has come from it?<p>We&#x27;ve had revelation after revelation in not only this regard, but also the exposure of the gaming of tax&#x2F;visa&#x2F;migration&#x2F;residency&#x2F;etc. laws to shelter the gains from those changes in an untouchable manner, and what has come from those?<p>What do we, as a society, want to do about this? What can we do about it? What are the side effects possible from any actions taken on it? Therefore, what will we do about it?<p>The answer is likely not much. We might elect someone Sanders-esque, but the result will be the middle earner taking a further pummeling. Eat the rich? Revolt? They&#x27;re untouchable. There&#x27;s a reason many have been building or acquiring elaborate &quot;fall out&quot; shelters in remote areas of New Zealand and elsewhere. It&#x27;d also probably be met with economic and societal collapse, and all that hidden money would come back to scoop up the deals in the remains.<p>I&#x27;m not saying something <i>shouldn&#x27;t</i> be done, but good luck designing something that will continue our mutual relative safety, security and prosperity. Not to mention the high likelihood that if actions were taken and the shit did hit the fan, the likely candidates to have the finger pointed at them will be those of us in tech and those in finance, and when you can&#x27;t access the CEO for a battering then the cronies who built their systems will probably do.