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Not really, individuals may make mistakes, but it's nothing to the insanity a mass of people is capable of. (Source: Mass Psychology, by Gustave LeBon) Distrib
by Kaiyou 7y ago
Not really, individuals may make mistakes, but it's nothing to the insanity a mass of people is capable of. (Source: Mass Psychology, by Gustave LeBon)
Distributing wealth is self-destructive behavior. Generally, you want wealth in capable hands, who can use this wealth to create more wealth. You don't just want to piss it away.
- ceejayoz 7y agoThe idea that wealth inequality is just due to it going to "capable hands" is a hell of an unsupported assertion. "Pissing it away" is also known as buying things, which drives economic growth. The poor spend every penny they make, and this is generally considered good for the economy.
- missedthecue 7y agoInvestment drives growth, not consumption.
- nicoburns 7y agoAnd small investments tend to have better returns.
- ceejayoz 7y agoInvestment requires returns, which mean people have to consume the resulting product, be it goods or services.
- missedthecue 7y agoYes, one can't exist without the other, but economically speaking, it's impossible to consume your way to prosperity. You must increase productivity, and this is done through investment. We tried consuming our way to prosperity during the housing bubble in the early 2000s. That turned out how you might expect.
- Kaiyou 7y agoBuying stuff doesn't facilitate growth. Look at all the toilet paper people buy recently. Where's your growth?