3 ms·
> "Poverty level" is an official number used as a standard put out by the American federal govt. I know that. I'm pointing out that it is often not a good indi
by pdonis 5y ago
> "Poverty level" is an official number used as a standard put out by the American federal govt.
I know that. I'm pointing out that it is often not a good indicator of the actual amount of wealth you have access to. As you acknowledge, you have access to a huge amount of wealth that does not appear in your nominal income or your nominal net worth. Your real net worth includes your share of that huge amount of wealth. And the post you responded to with your comment about "poverty level" was talking about net worth, i.e., the actual wealth you have access to, not nominal income.
> In the future, many of our needs will be taken care of
How? By magic? No: by other people creating the wealth you make use of. You have access to all those wonderful benefits in your area because other people built those things. What about their needs? Who is "taking care of" those? Answer: nobody except themselves.
In short, this vision you have, where you can just have all your needs taken care of, only works for some fraction of people. If everybody takes that approach, nobody's needs will be taken care of, because nobody will be creating any of the wealth required to do that.