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I'm starting to question if the rich are not overvalued because as more and more money is being shoved into their pockets I have one thing to ask. Where's the
by TheOperator 7y ago
I'm starting to question if the rich are not overvalued because as more and more money is being shoved into their pockets I have one thing to ask. Where's the economic miracle?
Not only are everyday people poorer but GDP is stagnant. From a western perspective the rich got a ton of raises and failed to deliver. We have countries with negative birthrates and people living in smaller homes with more food insecurity. Central Banks have been doing their best to raise prices and keep the rich afloat yet I don't see the big economic miracle.
Prehaps the source of their wealth is not productivity but good old fashioned power dynamics? What value are the rich providing to most people exactly? Wonderful new technology? That's pretty neat but what else do they have to offer?