this post was submitted on 05 May 2024
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The wealthy have convinced government that they should never lose, only gain, and as such we've not seen them assume the "risk" part of "risk and reward" for a while.
It's the same with investment: we, and by "we" I mean society in general, is expected to invest more and more to enable the wealthy to make money, but we're also supposed to take less and less of the reward, while only are Galtian ubermenschen are entitled to profit.
The oil industry is a great example of this: it's wildly profitable, and deserves not one red cent of subsidy or support, but we spend billions on it all while lowering royalty and taxation rates for...reasons. Real estate is similar: we're practically bribe developers to build, but we won't to anything in the way of restrictions.
Government should just build directly. It'd be more efficient than the bribes we're paying now.
If you look at the actual dollar amounts that have been "gifted" to politicians in the weeks surrounding key votes that they flipped from their public stance on, it's... Depressingly low.
Like "this politician sold out 11 million of their voters for less than the cost of a used car."
Honestly if they decided "nah fuck that, I'm gonna take small kickbacks here and there for the next 50 years as I enrich my own constituents lives and they choose to reelect me year after year because I delivered them everything they need to thrive instead of taking one pathetic lump sum" they would not only make more money (most of them, we can't all be supreme court members accepting millions in bribes while turning a blind eye to the would-be-dictator our spouses tried to help overthrow the government we work for)
But nah. Like corporate stooges, they are too short sighted and weak to see that long term profits are better than short term gains.