On BBC Question Time, 27 March 2025

Gary, a working class kid became a successful trader is now pointing out wealth inequality and trying to get people to save us from the super rich.

  • _stranger_@lemmy.world
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    4 days ago

    Working people stopped working together. Unions used to fight for the masses but that all died when people started listening to conservative lies and giving them power. Right around the 1970’s.

    • HubertManne@piefed.social
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      4 days ago

      It seems to me they stopped encouraging less hours of work and thus a larger membership for bookoo overtime. They should have been pushing for a 35 hour work week in the 70’s.

  • gandalf_der_12te@discuss.tchncs.de
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    4 days ago

    If you’re rich and invested in MSCI World ETF (literally the most generic mixture of stocks available) 10 years ago, on Mar 28, 2015, the stocks practically doubled (+ 107%) since then. That makes an average annual increase by 7.5%, considering how exponential growth works. (Formula is: (2.07^(1/10) - 1)*100%)

    Source: https://www.finanzen.net/index/msci-world/charttool

    This means that rich people’s assets literally proliferate by 7.5% annually, without lifting a finger. That means, it’s not their “hard earned fruits” or their “hard work”. They’re literally lazying around and their wealth increases by that amount.

    I think it’s fair to tax that. Skim the unfair proliferation of wealth. Introduce a wealth tax, make billionaires pay 7.5% of their total wealth as an annual tax.

    • 3DMVR@lemm.ee
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      4 days ago

      Cant compete if you cant invest In private companies and sell the day they go public, its a strat that never fails? Never seen a private comoany not shoot up the day they go public and then drop heavily within that month