There aren’t going to be Red Guards going through the street, executing billionaires and throwing open factory doors.
There will likely be steady socialistic reforms to reduce income and wealth inequality. Think FDR style, but instead of trying to save capitalism he’s trying to slowly move towards communism.
Currently, it’s gotten the large companies spooked, so they’re donating significant amounts to social causes.
In terms of policies, we might see wage floors and ceilings put in place, increased income and wealth taxes, etc.
The head of a large private charity said that pressure on the private sector had led to “a big jump in corporate donations”.
“It is high time the authorities address the income gap,” the charity executive said. “But most donations go to government-backed charity groups with little oversight.”
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There aren’t going to be Red Guards going through the street, executing billionaires and throwing open factory doors.
There will likely be steady socialistic reforms to reduce income and wealth inequality. Think FDR style, but instead of trying to save capitalism he’s trying to slowly move towards communism.
Currently, it’s gotten the large companies spooked, so they’re donating significant amounts to social causes.
In terms of policies, we might see wage floors and ceilings put in place, increased income and wealth taxes, etc.
Right in the article:
Pay-to-play. Same story old as time.