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It's not so simple. Wealth can be used to gain access to limited resources such as land. Greater wealth inequality means a small segment of the population can a
by bendmorris 9y ago
It's not so simple. Wealth can be used to gain access to limited resources such as land. Greater wealth inequality means a small segment of the population can afford to buy up all of the housing, driving up prices and blocking others (who may not otherwise be any worse off than they ever were) from owning land. They can then perpetually rent out this land, creating an effortless income for themselves and siphoning value from everyone else.
- mcguire 9y agoYou are not thinking big enough. Wealth is about power. Siphoning value is a distant second order to commanding the peons to trim your lawn with nail scissors.
- AstralStorm 9y agoBoth feed back into one another if used well. Rich can buy power to stay rich and keep their progeny rich until some major levelling drift catches them. (Say a catastrophe of dumb successor or major misfortune.)