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The issue isn’t the number of people who are inheriting massive sums of wealth or what not - the issue is what people with lots of wealth end up doing (solely i
by bradlys 5y ago
The issue isn’t the number of people who are inheriting massive sums of wealth or what not - the issue is what people with lots of wealth end up doing (solely improving their own lives) and how that wealth could be used otherwise. (improving the lives of all)
- simonh 5y agoI’m actually struggling to think of how someone could use wealth to solely improve their own life. If they invest it in a company, that investment creates jobs and pays wages, buys equipment and services that people were employed to provide. Even if they spend it on luxuries and entertainment, somebody had to make the luxuries, or provide the entertainment and they benefit. Clearly productive investment is better, that last point is a bit tongue in cheek, but there’s at least some truth to it. The least productive use I could think of would be buying bitcoin, which is basically just funding turning electricity into heat.
- bradlys 5y agoA lot of the time they just don’t spend it and create dynasties. A lot of the wealth goes around and stays within the wealthy circle. Very little of it trickles down. I mean, honestly, your narrative is very much in line with trickle down economics - which we know doesn’t work…
- lexapro 5y ago>If they invest it in a company, that investment creates jobs and pays wages Someone gives up most of their life to make the investor even richer. In exchange they get barely enough to eat and put a roof over their head (in some cases not even that). What a fair deal, praise the investor!