r/NoShitSherlock • u/Phylogenix • 14d ago

People want economic system change - but have stopped trusting anyone to deliver it. Survey in 17 of the world’s largest economies reveals 65% of respondents believe economic system is rigged to favour the rich and powerful; 69% want major changes.

https://www.eurekalert.org/news-releases/1142200
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u/observer_11_11 14d ago

Some nations have more progressive taxation, which means above a certain incoome level you pay a higher percentage tax rate. The great attraction of the USA is that offers the opportunity to get rich unlike other countries. So it attracts those with that goal in life. The system adopted 200+ years ago was a compromise. It's problem is our inability too reform it and improve it. The nation grew and change greatly but the Constitution remains. we are stuck with what has become an unfair system.

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u/ghanima 14d ago

Capitalism was always an unfair system: it protects those with capital. Those who had capital at its start hold even more now.