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Why is this a problem as long as those at the bottom experience the maximum amount of growth possible? For instance, if I could press a button that would doubl
by FredPret 3y ago
Why is this a problem as long as those at the bottom experience the maximum amount of growth possible?
For instance, if I could press a button that would double my net worth while at the same time 5x-ing the net worth of my least favorite billionaire, I'd smash that button a million times a day.
- Karellen 3y ago> Why is this a problem as long as those at the bottom experience the maximum amount of growth possible? What makes you think they are?
- FredPret 3y ago* The bottom 20% of USA is far richer than their peers around the world. * China uplifted a ridiculous number of people out of poverty after they embraced free markets in 1990. [0] [1] * Vietnam is doing the same thing right now. [0] https://en.wikipedia.org/wiki/Deng_Xiaoping#:~:text=77%5D%3A%E2%80%8A65-,Four%20modernizations,-%5Bedit%5D https://en.wikipedia.org/wiki/Deng_Xiaoping#:~:text=77%5D%3A... [1] https://en.wikipedia.org/wiki/Chinese_economic_reform#:~:text=2004.%5B135%5D-,Services,-%5Bedit%5D https://en.wikipedia.org/wiki/Chinese_economic_reform#:~:tex...