Under AOC/Bernie-style American socialism, would rich people still be rich? (user search)
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  Under AOC/Bernie-style American socialism, would rich people still be rich? (search mode)
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Author Topic: Under AOC/Bernie-style American socialism, would rich people still be rich?  (Read 28149 times)
Gustaf
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« on: July 22, 2019, 05:12:03 AM »

There are always rich people, but it is more likely to be those with political connections than those with business ideas.

It's a little unclear exactly what "Bernie-style socialism" is. If it actually means something like Northern Europe lol yeah. It would primarily mean that high-paid professionals wouldn't be rich, only people like entrepreneurs etc. But those groups would still be fine.

I sometimes get the sense though that Bernie has no idea what Scandinavian economies look like and actually would like to go a lot further and also in drastically different directions. In that scenario you'd probably have a lot of wealth reduction as well as redistribution.
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