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progress has no bounds. it's like water, finding a route where none existed before. even if you try to dam up some portion, the pressure mounts, and the dam bre
by clairity 9y ago
progress has no bounds. it's like water, finding a route where none existed before. even if you try to dam up some portion, the pressure mounts, and the dam breaks. do not worry about stifling advancement, especially through economic means.
when it comes to wealth (in)equality, you basically want to balance greed on one side and anger on the other. sure, allow the greedy to amass a little weath to promote their playing by the rules, but only just enough for those ends. and the other side, make sure wealth is distributed enough that people feel collectively prosperous, so we don't have riots and the like (fairer wealth distribution should come from better ways to more equally value the work of all people, not just that of gatekeepers and rent-seekers; and it should especially not come from simplistic wealth redistribution schemes like universal basic income).
wealth inequality has risen sharply over the past 50 years. whether you're a lefty or a righty, most people agree that it's time to level that playing field. there's absolutely no need to worry about stifling progress as we do that.
- ttoinou 9y agoWealth is produced, not distributed. You earn stuff you created, not stolen from someone else
- clairity 9y agoif you want such a simplistic view, then no, you don't really produce wealth, you accumulate it. we create value and that is what we accumulate in the form of wealth. money is used to abstract that value into a commonly exchangeable medium, which is the form in which wealth is generally accumulated. it's a pretty neat system at its core. the concept of stealing is entirely beside the point.
- ttoinou 9y agowe create value How ?
- clairity 9y agoa good intro to the topic: https://en.wikipedia.org/wiki/Value_(economics) https://en.wikipedia.org/wiki/Value_(economics)
- ttoinou 9y agoSpot on, this article precisely never talks about value creation. we create value and that is what we accumulate in the form of wealth So if you go to a concert, you accumulate that experience into your wealth, and you think this value should rather be redistributed ?