realcaseyrollins ✝️ on Nostr: I ain't reading all that, but I skimmed do agree with this: > Goaded by “incentives ...

I ain't reading all that, but I skimmed do agree with this:

> Goaded by “incentives to produce”, participants in the financial industry do a lot of “innovating” that amounts to finding ways of skimming invisible or unexpected fees from people

There is a scourge of big companies getting either a) subsidies, b) grants or c) tax deductions that have a range of negative consequences (my favorite example of this is how subsidies and government funding has driven up the cost of healthcare). And beyond that, they're unfair. Why should #Amazon get millions of dollars from a state for building a factory and creating jobs? The revenue should be reward enough, and if the state can't make the company feel like they'll get some good revenue by operating there, then the state should do what it can to fix its economy.

But I care about this issue not because it's bad for people to be billionaires, but oftentimes billionaires are paid to mask or put a band-aid on an existing issue, which sometimes leaves people who don't work with that company even worse off than before.

Maybe that's your position, IDK, it actually seems like we agree more here than I thought we did. I just think that saying "the existence of billionaires is a policy failure" is #reductionism at best.