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Thank you for you comment! I think that’s a very good point about the money circulating, but at that point it feels like an end that could be achieved by printi
by ksdale 7y ago
Thank you for you comment! I think that’s a very good point about the money circulating, but at that point it feels like an end that could be achieved by printing money, but the problem isn’t really a lack of money, it’s a lack of things like housing and whatnot. I think perhaps printing money could help, but lots of places have tried to print their way to prosperity and it tends to end badly, so I don’t know...
That said, I do agree with what you said about measuring growth and poverty, but I think the simple math about redistribution is useful because while you can circulate dollars, you can’t circulate factories or farms or infrastructure. Wealth in useful forms throws off income that is a small percentage of what those things are worth, if you “consume” the wealth and not just the income, then the wealth is destroyed and doesn’t produce more wealth, and the numbers on redistributing income look even more bleak than the numbers on redistributing total wealth in dollar terms. And that’s what I feebly attempted to communicate, that there just aren’t enough productive assets in the world to produce all the things we as a species need to feel like we’re living our best lives and certainly not to do so sustainably.