Income inequality can only be reduced within the framework of capitalism, therefore it is at most a temporary goal. We want to abolish it.
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What will be the most realistic way of reducing extreme wealth inequality?
I agree with certain levels of income inequality but it should be IMO a very level one so there is no different classes.
I think boycotting PLCs and companies owned by the richest in society would be a good first step.
Cooperatives with no overpaid CEOs?
Income inequality can only be reduced within the framework of capitalism, therefore it is at most a temporary goal. We want to abolish it.
Here's a few of the most realistic ways to reduce inequality.
1.Nationalize the banks and industry under workers control.
2.Aid developing countries.
3.Free education for everybody.
There's a few off the top of my head.
We claim to live and die equal, the way we were born: we want this real equality or death; that’s what we need.
And we’ll have this real equality, at whatever price. Unhappy will be those who stand between it and us! Unhappy will be those who resist a wish so firmly expressed.
The French Revolution was nothing but a precursor of another revolution, one that will be bigger, more solemn, and which will be the last.
-Gracchus Babeuf
Indeed, you cannot solve problems long term though "reform". All you may at best achieve is to push some suffering until future generations. It would be far better for them to be greeted by an already free and human world.
Most realistic ways of reducing income inequality (in the US at least) would be:
1. National healthcare system
2. Progressive income tax
3. Overhaul higher education to reduce future student debt loads.
4. Increasing the minimum wage
5. Increasing retirement of baby boomers
6. Increasing home ownership
7. Forgive federal student loan debt and provide a more progressive bailout to those with student loans.
How bout free market capitalism. These super companies you speak of often come from regulation.
>most realistic way of reducing extreme wealth inequality?
do you realize what website you're on?
Because free market capitalism will prevent the rise of monopolies which are in effect "super companies"...
Yea right.
Fashionable avatar in solidarity with Five Year Plan.
That is simply empirically false. I think the internet is the best refutation of the liberal philosophy on monopolisation. The internet is probably the closest approximation of a perfectly competitive market, yet, is dominated by single companies. How many video websites do we know and use? Most people know YouTube and use that almost exclusively. Maybe a minority knows Dailymotion or Metacafe, which are used far less. Most people know Google and use that service almost exclusively. A lot of people know Bing and Yahoo, but rarely use it. Social media: facebook; micro-blog: twitter; etc. etc. Closest thing to a free market today: oligopolies. Dominated by one company with a majority in market share, and some other far less significant players (ranging from one to three), and then those with negligible market share.
pew pew pew
