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> The richest people and biggest corporations own such an unimaginably large amount of wealth that taxing them would fix just about anything. They don't have w
by kneebonian 3y ago
> The richest people and biggest corporations own such an unimaginably large amount of wealth that taxing them would fix just about anything.
They don't have wealth though, they have capital or money but not wealth. Wealth is actual goods and services, money is an abstract representation of the ability to obtain these things. As the pandemic proved it doesn't matter how much money you have, if there just isn't stuff to spend it on.
To quote Douglas Adams "Many solutions were suggested for this problem, but most of these were largely concerned with the movement of small green pieces of paper, which was odd because on the whole it wasn't the small green pieces of paper that were unhappy."
Any real solution needs to focus on wealth creation, and not on moving around small green pieces of paper. As long as people's standard of living is increasing they really care a lot less about money and income inequality, people only start caring about that when they realize things are getting worse.