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This implies that people with resources will not do better by and for themselves, which contradicts most of the soft policy that guides eg- lax capital gains, d
by washadjeffmad 6y ago
This implies that people with resources will not do better by and for themselves, which contradicts most of the soft policy that guides eg- lax capital gains, dividends, and estate taxes.
If scarcity was a driving force in creating the competition that capitalism deems necessary, then there would be no point in hoarding or passing down more wealth than could be spent in a lifetime. So, it's an obvious mistruth.
And if the price of all things will increase because some people are no longer starving and able to afford to pay more, perhaps that's a fair trade. We will optimize for more convenience, higher quality, and more novel products, then.
Perhaps this only illuminates how close people who feel they are doing well are to the people that take most of the prejudice for their lack of wealth. Maybe being a small business owner doesn't put you in the same world as Wal-Mart any more than being white and working class makes you basically equals to Elon Musk.
Perhaps it's the tide that lifts all boats and not how many have sunk around you.