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The danger of inequality is not something new, and the problem isn't that someone is super-rich, the problem is that median purchasing power is going down, beca
by m12k 6y ago
The danger of inequality is not something new, and the problem isn't that someone is super-rich, the problem is that median purchasing power is going down, because economic growth is not going into the hands of the lower and middle class, and this is causing demand to fall in the market, leading to an inevitable economic downturn. The dangers of this were discovered a century ago during the Great Depression, and are well understood and not really considered controversial anymore: https://en.wikipedia.org/wiki/Keynesian_economics https://en.wikipedia.org/wiki/Keynesian_economics
- seamyb88 6y ago> and the problem isn't that someone is super-rich A pie chart has 360 degrees. Give 359 to a small subset and you are left with 1 degree to be fought over. You cannot have super-rich people without having super-poor people. Look at the world, the real one, this one here where the majority of people are dirt-poor.