3 ms·
> Please get this right, because telling people they need to loose wealth to fix society is a horrible place to be in. This is often the reality. Massive wealt
by pcthrowaway 2y ago
> Please get this right, because telling people they need to loose wealth to fix society is a horrible place to be in.
This is often the reality. Massive wealth inequality won't be fixed by making everyone billionaires, it'll be fixed by getting rid of billionaires
- hkt 2y agoUnless you tell the fed to run inflation at 20% for a few decades and tie everything else (wages, pensions, welfare, etc) to that rate. It is called fiscal repression and it has it's drawbacks, but it would serve to end inequality by making everyone billionaires. (The price of a coffee might end up at £1m though..)
- Ericson2314 2y agoEven if it is the reality in other ways, it is not the reality on housing in high-demand urban areas.