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Inequality is bad because those with lots of capital leech off the rest of the economy (rentier class). Economic rents are a drag on the economy. In an automa
by Mikeb85 8y ago
Inequality is bad because those with lots of capital leech off the rest of the economy (rentier class). Economic rents are a drag on the economy. In an automated world where there is no working class, there will be a capitalist/rentier class making income from capital, and a class of people who are essentially on welfare with nothing to do and no way to accrue the capital necessary for social and economic mobility. The end result is class warfare and probably real warfare with less than stellar results.