| ▲ | WalterBright 2 hours ago | ||||||||||||||||
> If the top 10% of people suddenly had their wealth double overnight Since that doesn't happen, there's not much point in worrying about the consequences. Here's why it doesn't happen: The value of something is determined by what someone else is willing to pay for it. There would be nothing to sustain a wealth doubling, because there wouldn't be anyone willing to pay for it. | |||||||||||||||||
| ▲ | illiac786 an hour ago | parent | next [-] | ||||||||||||||||
Wealth inequality leads to lots and lots of power concentrated in a few people. That’s the problem. It’s a money aristocratic system, and that’s really bad for anyone not belonging to the aristocracy. And if they continue on this path, we might see heads roll. | |||||||||||||||||
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| ▲ | pixelatedindex an hour ago | parent | prev | next [-] | ||||||||||||||||
You’re missing the forest for the trees. Yeah the item cost doesn’t double, but it goes up significantly because now your addressable market has 2x money. | |||||||||||||||||
| ▲ | stopping an hour ago | parent | prev [-] | ||||||||||||||||
Is anyone else having trouble parsing this comment or is it just me? | |||||||||||||||||