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But that is creating tragedy of commons that we have now. People who are having money are investing in stocks or ETFs, buying real estate because it is still be
by ozim 6y ago
But that is creating tragedy of commons that we have now. People who are having money are investing in stocks or ETFs, buying real estate because it is still better than having cash. Which inflates stocks/real estate bubble and when it bursts it will be much bigger mess than paying low wages but in constant manner, spread out over multiple people and multiple years.
I definitely did not write about business that cannot pay its employees. I wrote about business that lets people put the food on the table, which means also pay the bills.
- objectivetruth 6y agoSo, society has a problem where some people are so poor that some of them die and many barely survive... and other people in that society have so much money that they're converting it into electricity. I think eventually equilibrium will come in some fashion and it likely won't be the rich spontaneously deciding to generously share.
- ShroudedNight 6y ago> buying real estate Tax positive externalities at 100%