In classical economics, the best way of dealing with this situation is you just tax the rich more and give it to people who produce less value, and eliminate the minimum wage. There should just be some amount that is redistributed and people vote on how much it is and whether to raise it or lower it. If it's raised too much and people get lazy and smart people stop producing, it can juts be lowered. We really should just have it as one single amount, without so much regulatory complexity. UBI will likely happen at some point in some manner.
You make good points. You seem really smart. (Who are you?)
If there were enough education among the poor, or poor people were just smart enough, then the ultra rich wouldn't be able to trick the lower classes into voting against their economic interests. Unfortunately, there's no way for that to change, so we're in this perpetual cycle of a selfish rich class deceiving the lower classes into voting against interest using religion and wedge issues as a mechanism.
I still think market economics work really well to distribute resources if you address externalities and don't let the rich deceive the poor into acquiescing into terrible policy.
Once the boomers become a smaller voting block, younger people are bound to vote in blocks that change these horrible policies. The good news is the Internet, and even TikTok, have allowed younger people to be more aware of issues and eventually it will result in better policy.
There's a reason prices for everything increase after they announce inflation is up
In classical economics, the best way of dealing with this situation is you just tax the rich more and give it to people who produce less value, and eliminate the minimum wage. There should just be some amount that is redistributed and people vote on how much it is and whether to raise it or lower it. If it's raised too much and people get lazy and smart people stop producing, it can juts be lowered. We really should just have it as one single amount, without so much regulatory complexity. UBI will likely happen at some point in some manner.
It’s the rich who produce less value, while having more political power.

The picture is very persuasive. :-/
You win this round, you evil Marxist maniac!
You make good points. You seem really smart. (Who are you?)
If there were enough education among the poor, or poor people were just smart enough, then the ultra rich wouldn't be able to trick the lower classes into voting against their economic interests. Unfortunately, there's no way for that to change, so we're in this perpetual cycle of a selfish rich class deceiving the lower classes into voting against interest using religion and wedge issues as a mechanism.
I still think market economics work really well to distribute resources if you address externalities and don't let the rich deceive the poor into acquiescing into terrible policy.
Once the boomers become a smaller voting block, younger people are bound to vote in blocks that change these horrible policies. The good news is the Internet, and even TikTok, have allowed younger people to be more aware of issues and eventually it will result in better policy.
Imagine actually believing this is a thing that would happen