3 ms·
would that 6 figures be as meaningful as 6 figures was when that was the “dream”.
by pokerface_86 2y ago
would that 6 figures be as meaningful as 6 figures was when that was the “dream”.
- mensetmanusman 2y agoGood question, if you consider the entire world as static, and slightly adjust the wealth accumulation at the top to create this adjustment, it’s arguably true that the money would be even more valuable, as the US middle class spends the most and fuels the world economy, and they would be wealthier in this scenario. That’s why there are a couple billionaires trying to get this to happen, because they think everyone would be better off. The issue is that the entire financial system has been adjusted over the last 50 years to outsmart everyone else and create this accumulation. Also, if wealth inequality creates unrest, and unrest weakens the dollar, then our current situation is worse on multiple fronts.