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It's not real money. They aren't holding all the gold like a dragon. Or maybe they are, but that isn't hurting anyone, it's wealth not consumption. They consume
by wisty 2y ago
It's not real money. They aren't holding all the gold like a dragon. Or maybe they are, but that isn't hurting anyone, it's wealth not consumption. They consume the same number of calories as a poor person. They breathe the same amount of air. Maybe they have a few extra bedrooms, but their consumption could easily be less than a millionaire.
- kaibee 2y agoIdk man, I'm pretty sure I consume a lot fewer labor hours than a billionaire with a super-yacht. The thing to focus on is how many labor-hours someone is consuming. When a billionaire allocates ~20 people of labor-hours every day to maintaining that super-yacht, that means there's ~20 people fewer labor hours for services for everyone else. And building that super-yacht also consumed a lot of high-skill labor hours.
- bluGill 2y agoThat means there are 20 MORE labor hours, not less. The typical person reading this is only working a couple hours to do anything related to the basics (you don't need nearly as large a house as you live in - even if you live in a tiny house)
- wisty 2y agoAs I said, it's consumption not wealth. A billionaire with a super-yacht is more obscene than a trillionaire who doesn't have one.