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The only people here who are going to materially benefit from a larger GDP are the temporarily embarrassed billionaires. And that's the entire point here: Goog
by thomastjeffery 2y ago
The only people here who are going to materially benefit from a larger GDP are the temporarily embarrassed billionaires.
And that's the entire point here: Google, Meta, Microsoft, Apple, NVIDIA, etc. are hoarding the wealth. For the rest of us to actually benefit from the monetary value of the increased productivity of tech, that money has to be taken back.
In a country where 50 people own more wealth than 50%, the only beneficiaries to GDP growth are those 50 individuals. The rest of us are just getting fucked.