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Everyone helps the economy. Making it rich vs poor is kind of absurd. Inequality is not as bad as it is made out to be. With our current level of automation fo
by malandrew 7y ago
Everyone helps the economy. Making it rich vs poor is kind of absurd.
Inequality is not as bad as it is made out to be. With our current level of automation for goods and services consumed by the masses, a high degree of equality would already result in mass unemployment since only so many people are needed to operate the highly automated production that would benefit an equal society.
Inequality on the other hand creates a LOT of diversity in demand for goods and services and this in turn drives a lot of job creation.
You need a LOT of people to build a $350 million yacht for example. If no one could afford something like that, it wouldn't be built and those jobs would no longer exist.
Furthermore, besides helping the economy via investments and spending on things that only they can afford, they also help in philanthropic ways that no government would be capable of helping:
https://slatestarcodex.com/2019/07/29/against-against-billionaire-philanthropy/ https://slatestarcodex.com/2019/07/29/against-against-billio...