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Growing inequality without growing GDP means you became poorer. Even if we assuming they magically appeared and you did not become poorer: will never own an a
by ClumsyPilot 4y ago
Growing inequality without growing GDP means you became poorer.
Even if we assuming they magically appeared and you did not become poorer: will never own an asset in your life, they can price you own of a house, land, shares, etc.
- robertlagrant 4y ago> Growing inequality without growing GDP means you became poorer. For example: Bill Gates comes along with Microsoft, and sells Windows to businesses worldwide, who all benefit. Why is GDP not growing? And even if it magically doesn't grow, how has that made me poorer?
- ClumsyPilot 4y agoWhy are you conflating growth in inequality during the pandemic with entrepreneurship? Did GDP grow during the pandemic? Did dozens of Bill Gates's spawn? How did you even get the idea that Bill gates has increaeed inequality? Thousands of people were able to get a well paid job or start a business, inequality probably decreased on average.
- robertlagrant 4y agoBill Gates increased inequality by having a giant amount of money relative to almost everyone else.