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I differentiate distributed from re-distributed. He may have a higher percentage of available wealth, but it’s not like other people have lost their money.
by edmundsauto 5y ago
I differentiate distributed from re-distributed.
He may have a higher percentage of available wealth, but it’s not like other people have lost their money.
- arrosenberg 5y agoThat doesn't make sense though, each dollar doesn't exist in a value vacuum, so you can't ignore the impact of uneven distribution. If Jeffery wants to own the entire town, he can (and then he can get loans against his property to continue funding operations). At that point it seems pretty inane to argue that re-distribution hasn't happened - money is a proxy for economic power, and when you give one person a larger percentage, that's redistributive. Maybe the other people in the town can still buy groceries, but now they're competing with the baron for things like land, and baron Jeff will always win, if he wants to, with all that extra money.
- edmundsauto 5y agoI actually decided to delete my comment here. I've had a challenging day and I don't feel like making it worse by continuing this conversation. Have a nice day.
- aylmao 5y agoInflation would say otherwise. Everyone had the same purchasing power before, and so could buy roughly the same things. Now, Jeffery has more purchasing power than anyone else, which means they can outbid and can keep the better things for himself.