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Imagine there was another planet in another galaxy that had 100x the wealth as earth. Would it even matter? Sometimes I think these global comparisons are like
by randyrand 8y ago
Imagine there was another planet in another galaxy that had 100x the wealth as earth. Would it even matter?
Sometimes I think these global comparisons are like comparing different planets. Who really cares? It's our immediate surroundings that matter.
- deleted 8y ago[deleted]
- dannyw 8y agoLess wealth at the top, means more wealth all around. Your analogy is flawed, unless you think things like progressive taxation, social support / transfer payments, and closing rich’s tax havens and loopholed are equivalent to a galaxy far far away.
- manigandham 8y agoWealth is not zero sum.
- dannyw 8y agoThe distribution of finite resources on this planet is a near zero sum question.
- crc32 8y agoResearch suggests that we value relative wealth more than absolute wealth. [1] This means that inequality is important for social stability - does social stability matter? There are possibly other reasons as well - you could argue rich people invest differently, which has implications for the global allocation of resources. [2] [1] http://science.sciencemag.org/content/318/5854/1305.full?ijkey=wQeHRuQG0gS/w&keytype=ref&siteid=sci http://science.sciencemag.org/content/318/5854/1305.full?ijk... [2] https://www.theglobeandmail.com/investing/globe-wealth/article-how-do-the-wealthy-stay-that-way-they-dont-invest-like-the-rest/ https://www.theglobeandmail.com/investing/globe-wealth/artic...
- vidarh 8y agoThe planet in that other galaxy doesn't matter because increases in their consumption does not affect anyone on earth. How the rich on earth behaves does affect poor people: It affects what resources are available to others, and it affects prices, job opportunities, investment in the immediate surroundings of poor people, and can do so both positively and negatively.