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This is exactly the point of the article, and yet I ask myself... should I care? The existence of zillionaires does not per se harm anyone, and if they decide t
by jaspax 6y ago
This is exactly the point of the article, and yet I ask myself... should I care? The existence of zillionaires does not per se harm anyone, and if they decide to improve the plight of the masses in order to save themselves from violent backlash, does it actually matter, so long as the masses are helped?
- throwawayffffas 6y agoThe problem is not zillionaires, the problem is that there are people working full time and can't afford rent. It's not an issue of billionaires being evil, or greedy. It's an issue of bad economic theories (trickle-down) dissuading government from adopting effective policy.
- fennecfoxen 6y agoThe housing affordability crisis is mostly a problem of land use and development restrictions, poorly related to billionaires or macroeconomic policy. Many of these housing policies were originally designed by the white middle classes with the goals of keeping black people out; today they occasionally still serve that purpose but are more about helping property owners prop up their net worth, comprised substantially of housing wealth.
- jacobush 6y agoSo, your interests align currently at this brief moment of history. What's to say this power dynamic will endure? They use their power like this because they are afraid of the pitchforks currently. What happens when they no longer fear those? They are steadily working to make themselves pitchfork proof´. Edit: the owner of Amazon can draft and pay for legislation, and has the power of millions of voters. How is that fair?