3 ms·
in other words, when couple of people get ultra rich, some other people should become poor, e.g. you might still earn 100k/year, but you won't be able to afford
by tuyguntn 3y ago
in other words, when couple of people get ultra rich, some other people should become poor, e.g. you might still earn 100k/year, but you won't be able to afford 1M$ house, because ultra rich is buying all available land and converting it to estate for business to earn even more.
You might think it should stop at some point, but when you stop cycle of growth, wallstreet punishes you with -25% in your stock price and depending on your business model and situation you will layoff more people, in some cases, even if you are profitable company. which gains another +10% to your stock.
- vorpalhex 3y agoThis is called "the fixed pie fallacy". There is not a finite amount of dollars to made. There is more money now in the world than there was in 1990 or 1970, and more total value too, adjusted for population. Wallstreet also has nothing to do with Australian teachers.
- ShroudedNight 3y agoThere is a rather fixed amount of land, which seems to be a large part of the problem.
- cycrutchfield 3y agoThere is plenty of land. There are not enough houses, apartments, condos, etc.