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handouts increase inequality and poverty. Or perhaps another way to say it is this: cash doesn’t matter. It’s all about capital. If you want to reduce inequali
by chongli 4y ago
handouts increase inequality and poverty.
Or perhaps another way to say it is this: cash doesn’t matter. It’s all about capital. If you want to reduce inequality, give the poor some capital. Unfortunately, I think they’ll likely sell their capital to buy food or pay rent.
- piva00 4y agoCapital is only valuable when your basic needs are met. If shelter, food, energy and transportation costs creep into you every week it's just logical you'd trade some capital for cash to meet those needs...
- chongli 4y agoYes, and unfortunately we’ve built a society where home owners have all the power to ratchet up shelter and transportation costs for everyone else.
- pessimizer 4y agoAnd homeowners are increasingly becoming massive companies rather than individuals. That's going to end up being feudalism, right? The ownership of these companies is going to be passed down through families.