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? But the money for the poor to spend on food, is then paid to the people producing food, which have a direct interest in productivity investments in food produ
by cycomanic 5y ago
? But the money for the poor to spend on food, is then paid to the people producing food, which have a direct interest in productivity investments in food production. While giving it to the billionaire would go into productivity investments of how to make a superyacht more cheaply, which is arguably less desirable from a societal perspective. Moreover, the argument ignores the fact that the richer people are the less price sensitive they become, in fact many rich people desire rare items that are expensive (and thus exclusive) by their very nature. For example how does investing in a villa that stays empty or a painting that is locked in some vault an investment in productivity?