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Comment by loorinm | Hacker News Reader

To solve inequality?? I don’t think that’s the business YC is in.

But we can do a lot. We can drastically reduce the potential financial rewards for extracting value from millions of people.

We can set a max income of $300k per person and the rest goes to elevating the poor.

It would pretty much destroy the VC industry though.

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Let's rephrase that: it would destroy capitalism.

Somehow I don't think you'd have a problem with that.

I don't know if maybe you think capitalism is the only reason people don't just lie in bed all day, but theory has been soundly disproven.

The theory that non-capitalist societies can have thriving long-lasting economies that produce new innovations and lift their people up is pretty questionable so far.

I can't think of a single example where there's not at least a core nugget of capitalist incentives driving things.

Sure, let's layer on some socialist policies, I'm all in favor of turning that dial quite a bit further, but that's turning a dial, not blowing up the whole machine because it's not working quite as well as we'd like it to.

Fine by me

What would be a good way of promoting social / socialist policies in today's current environment? Also, while the idea of an earning cap does not seem to grab you, what about enforcing a cap on a given individual's ecological footprint?

I don't understand why are you complaining they aren't solving inequality, then.

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