General Discussion

jmbar2

(7,075 posts)

20. Extreme wealth is resulting in unaffordable negative externalities

Sun Jul 20, 2025, 01:59 PM

Sunday

Benefits of extreme wealth activities are private, while the costs are borne by the public.

We need policies to balance that out. I don't know what they are yet, but the financialization of housing, healthcare, and industry is creating heavy burdens on society, and distorting market forces that used to keep things more balanced.

How do you propose to manage those negative externalities? Taxpayers cannot absorb all the costs of their negative impacts, especially when incomes are below the cost of living for many.

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What are your platform ideas for the Democratic Party? [View all] jmbar2 Sunday OP

I like them all except for UBI SickOfTheOnePct Sunday #1

Fund it by taxing oligarchs, AI, crypto, etc. jmbar2 Sunday #2

Total net worth of all U.S. billionaires... SickOfTheOnePct Sunday #7

Some people think the wealthy, as a group have a lot more $$ than they really do. WarGamer Sunday #16

Extreme wealth is resulting in unaffordable negative externalities jmbar2 Sunday #20

Good luck getting a response to your common sense questions. harumph Sunday #56

Don't necessarily expect a response jmbar2 Sunday #61

Externalizing the costs is the main game for the ultra wealthy. harumph Sunday #63

AI is not the Holy Grail that folks think it is. GoneOffShore Yesterday #72

Net worth is not cash in a bank Greg_In_SF Sunday #22

No, not at all SickOfTheOnePct Sunday #24

Those are all great ideas Fiendish Thingy Sunday #3

Good ones jmbar2 Sunday #6

$20/hr... living in SoCal I can tell you what that has brought here. WarGamer Sunday #18

Yeah, I know Fiendish Thingy Sunday #21

Barabara Lee ran on a $50 per hour minimum wage in her losing Senate campaign. MichMan Sunday #40

Then McDonads would be run by 4 employees per shift. WarGamer 18 hrs ago #101

Just out of curiosity dpibel 16 hrs ago #105

I pulled that number from the sky because it was easy to make an example. WarGamer 16 hrs ago #108

What's it cost elsewhere? dpibel Yesterday #71

Immigration Lawlessness Starbeach Sunday #4

Joe Biden and Kamala Harris were FOR a lot of things. Pretending they weren't plays into GOP propaganda emulatorloo Sunday #5

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I think there is the very real frustration pinkstarburst Sunday #31

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OK, but who has addressed this TnDem Sunday #65

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$35 for insulin. What about my meds? pinkstarburst Yesterday #87

Very good points jmbar2 Yesterday #88

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Fully agree here. Immigration inaction killed our chances. Melon Yesterday #75

Eliminate the tariffs. The Madcap Sunday #8

Nationalize the entire oil industry Fichefinder Sunday #10

Not a fan... SickOfTheOnePct Sunday #13

Recognize that cable TV shouldn't be regulated except for stations that call themselves NEWS. CrispyQ Sunday #57

Getting rid of the First Amendment should be part of the platform? MichMan Sunday #59

I would argue that lying while calling it news is similar to CrispyQ Sunday #64

You might... SickOfTheOnePct Sunday #68

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Step #1 ForgedCrank Sunday #11

Well said n/t SickOfTheOnePct Sunday #12

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YES always support the New Deal agenda. thought crime Sunday #30

No JustAnotherGen 16 hrs ago #106

I love Bernie but I am disappointed that questionseverything Sunday #33

Lots of things not on this list. usonian Sunday #35

I like Bernie's list, but certainly missing a lot, like B.See Yesterday #73

As I commented earlier. It's not a platform but a short message to accompany the oligarchy tour. usonian Yesterday #74

Good to know. And for starters, how 'bout this B.See Yesterday #76

Please add: All his executive odors also be eliminated. usonian Yesterday #79

Focus on things that help every household across America pinkstarburst Sunday #15

On immigration... WarGamer Sunday #19

Restore women's rights mcar Sunday #23

Adjust cap gains by backing out phantom cpamomfromtexas Sunday #25

Repeal 2026 bucolic_frolic Sunday #26

Agree ! US is behind EU in societal programs Bread and Circuses Sunday #27

Pardons for Rep. McIver and Judge Dugan Justice Brandeis Sunday #28

Anti-corruption, always. blm Sunday #29

Curious about this one as well SickOfTheOnePct Sunday #32

Treat it similar to the way that companies pay for unemployment insurance. jmbar2 Sunday #44

That doesn't really correlate though SickOfTheOnePct Sunday #45

a New Deal, Square Deal and a Great Society DBoon Sunday #34

That's a good question and a valid one senseandsensibility Sunday #36

That's right. taxi Sunday #37

Media: 'Wide-eyed wonder at all things GOP, steely-eyed skepticism at all things Democratic' emulatorloo Sunday #54

FDR's Second Bill Of Rights is the basis of success! He Said: Granny Blue Sunday #38

Thanks for the reminder jmbar2 Sunday #43

Limit any president to 10 executive orders per year synni Sunday #39

FDR's second bill of rights should be the base of platform. BlueTsunami2018 Sunday #41

2024 tells us otherwise carpetbagger Sunday #47

Some for me would be - mvd Sunday #48

We were for things. Plenty of things. And not just for things, but actually accomplishing those things. W_HAMILTON Sunday #50

You are 100 percent correct. I'm optimistic we can win in 2026, but DU'ers need to stop emulatorloo Sunday #51

Increase the size of the Supreme Court!!!! Betty Boom Sunday #52

Agree, but... carpetbagger Sunday #70

I'm a Democrat for a lot of reasons, but the main one is equality. hamsterjill Sunday #53

Yes! emulatorloo Sunday #55

Thanks! hamsterjill Sunday #67

$35 per hour minimum wage MichMan Sunday #60

Or... jmbar2 Sunday #62

Of course! Abolishinist Sunday #66

Or to put it another way... jmbar2 Yesterday #90

So let's say you own a restaurant. Annual sales of $2.4 million. Abolishinist 23 hrs ago #92

It's more than that. Someone flipping burgers makes what a nurse makes. Melon 23 hrs ago #93

Exactly SickOfTheOnePct 23 hrs ago #94

It's classic. The workers aren't more skilled, the currency is being devalued. Melon 19 hrs ago #98

Of course. The assistant manager earning $65K per year is NOT Abolishinist 20 hrs ago #97

Are those numbers from your restaurant? MichMan 18 min ago #110

I think that you pretty much covered it. al bupp Sunday #69

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The democratic voters need to realize bob4460 Yesterday #82

For the midterms? JustAnotherGen Yesterday #83

detrumpization rampartd Yesterday #84

Adress the problems the working poor and poor people have been facing. Autumn Yesterday #86

Campaign from the middle and govern from the far left. kentuck Yesterday #91

"Most of America is tired of extremism from all sides" SickOfTheOnePct 22 hrs ago #95

A few things... themaguffin 22 hrs ago #96

From posts on Bluesky Blue Full Moon 18 hrs ago #99

that's a really good list - thanks for sharing. jmbar2 18 hrs ago #100

Remove all six fucking pedophile-loving judges Aviation Pro 18 hrs ago #102

Stop sending Isreal aid and weapons 8until a two state solution is hammered out indusurb 17 hrs ago #103

Proportional Representation ZDU 16 hrs ago #104

We need young voters and candidates! Initech 16 hrs ago #107

Solid middle class support KentuckyWoman 15 hrs ago #109