4 ms·
Idk 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 cons
by kaibee 2y ago
Idk 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.