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That’s backwards from my approach to economics A high gini coefficient isn’t because of someone accumulating more wealth than everyone else, its because of low
by yieldcrv 1y ago
That’s backwards from my approach to economics
A high gini coefficient isn’t because of someone accumulating more wealth than everyone else, its because of low velocity of money movements in the economy
Fixing the speed of money movements solves the other problems and results in more people having wealth, or access to services. Note that its not completely arbitrary money movements, its into goods and services and investments. This has to be more attractive than passively holding money and assets, which is what most risk-averse people’s entire plan is.