A Quote by Owen Jones
Who can begrudge the generosity of the wealthy, you might say. Wherever you stand on the concentration of wealth and power in the hands of a tiny global elite, surely such charity should be applauded? But philanthropy is a dangerous substitution for progressive taxation.
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As algorithms push humans out of the job market, wealth and power might become concentrated in the hands of the tiny elite that owns the all-powerful algorithms, creating unprecedented social and political inequality. Alternatively, the algorithms might themselves become the owners.
In the ideal world, philanthropy should be redundant or at least it should be at the edges, as innovation or risk capital. But it's far from an ideal world; the wealthy are cornering more and more opportunities and resources from this planet. So, the big challenge for philanthropy is... can it engage with the distribution of wealth itself?
What's dangerous is the concentration of wealth in the hands of a few individuals.
True generosity consists precisely in fighting to destroy the causes which nourish false charity. False charity constrains the fearful and subdued, the "rejects of life," to extend their trembling hands. True generosity lies in striving so that these hands--whether of individuals or entire peoples--need be extended less and less in supplication, so that more and more they become human hands which work and, working, transform the world.
Concentration of wealth yields concentration of political power. And concentration of political power gives rise to legislation that increases and accelerates the cycle.
Women in America cannot achieve our full economic and personal fulfillment as long as the concentration of wealth and power in the top 1% continues to stifle democratic voices and progressive policies.
In the long run, global politics are bound to become increasingly uncongenial to the concentration of hegemonic power in the hands of a single state. Hence, America is not only the first, as well as the only, truly global superpower, but it is also likely to be the very last.
Power is not of a man. Wealth does not center in the person of the wealthy. Celebrity is not inherent in any personality. To be celebrated, to be wealthy, to have power requires access to major institutions.
The U.S. is the country that invented progressive taxation of income and of inherited wealth in the 1910s and 20s.
The U.S. is the country that invented progressive taxation of income and of inherited wealth in the 1910s and '20s.
I think that if you are a serious writer, you are almost obligated to provide the intelligent average reader with something that they can relate to and care about. If you are writing only for a tiny elite, then that surely should sound alarm bells.
If you want to conquer lust for wealth, love selflessness and sparing way of life. If you want to conquer anger, develop meekness and generosity. Grieve only if you have committed a sin, but even in this case do not grieve too much, otherwise you may become desperate. If you want to conquer conceit, do not desire praise, laurels, nice garments, respect, favor, but like to be blamed and slandered by people... If you want to conquer pride, do not say that your deed was done by your hands and might; say that with God's help and guidance it was done, not by my power and efforts.
Liberals are concerned about the concentration of wealth because it almost inevitably leads to a concentration of power that undermines democracy.
Taxes are necessary. But the system of discriminatory taxation universally accepted under the misleading name of progressive taxation of income and inheritance is not a mode of taxation. It is rather a mode of disguised expropriation of the successful capitalists and entrepreneurs.
The concentration of wealth in the hands of the few threatens the ability of ordinary people to raise their voices and have a say over how our societies are run.
In 1848, Karl Marx said, a progressive income tax is needed to transfer wealth and power to the state. Thus, Marx's Communist Manifesto had as its major economic tenet a progressive income tax. ... I say it is time to replace the progressive income tax with a national retail sales tax, and it is time to abolish the IRS.
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