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Zuckerberg's compound didn't make the Bay Area housing crisis and Barron Trump isn't why NYU is expensive or hard to get into. Giving everyone involved $1 milli
by closeparen 1y ago
Zuckerberg's compound didn't make the Bay Area housing crisis and Barron Trump isn't why NYU is expensive or hard to get into. Giving everyone involved $1 million from Larry Ellison's pocket wouldn't particularly change either.
That's not to say you shouldn't do it! But the problem is elsewhere.
- mlrtime 1y agoBut it makes people feel good giving away other peoples money. And that feel good wins votes.
- hshdhdhj4444 1y agoBut Zuckerberg hoarding 100s of billions of dollars of wealth far less productively than say a family in poverty on food stamps would slows the velocity of money and also keeps that money out of the broader economy.
- closeparen 1y agoProduction of the staples of middle class life, like homes in decent neighborhoods and seats in decent schools, is limited more by the use of middle class political power to restrict it than by a lack of capital or demand. More money for consumption might help with already-cheap consumer goods, but it only drives inflation in the core class markers.
- ipaddr 1y agoIf you gave everyone the amount of money Larry Ellison has (we could just print it) then Larry's wealth would be equal to everyone and he or Zuck couldn't afford a compound.
- closeparen 1y agoDollars are relevant as claims on real resources, whose quantity and variation in quality would be unchanged.