"Apple’s plans to return an unprecedented $100 billion to investors over the next year through stock buybacks will only exacerbate this pool of passive income and thus directly increase income inequality at a level unknown in recent history."http://bostonreview.net/class-inequality/robert-homan-think-different …
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There is only so much spending that an individual can do within a year. High net income w/high wealth (i.e. what you already have before income) leads to wealth inequity. Get more money into the hands of ppl who are underfunded, not the other way around.
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Elysium anyone ?
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Yep, it’s just a thinly-disguised wealth transfer upward.
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Yes - great job demystifying the myth. At the same time, it seems we need new pathways for thinking about the public good, how we create social value. The binary public-private may not be the roadmap of the future. Any new models you can point to that you think hold promise?
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“Taking”
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This is unsustainable. If this trend continues indefinitely, the super-rich will own *everything* and the rest of us will own *nothing*
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Agreed. Curious on what are the steps to take then.
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