Comment by robertlagrant 2 days ago
> the alternative is basically to impose artificial scarcity to force people to work
No, the alternative is reality: people pay each other to do things they want done and for things they want to buy from them. There's no artificial scarcity. There's a vast amount of intricate, well-priced effort to reduce or remove scarcity.
Yes, inflation is a big problem. You want the people who get to take your money to have a well-defined role that doesn't grow over time.
No it doesn't. Can you say a true statement that contradicts what I said?
They objectively do not have all the money, or even a particularly significant share of the money, so you're starting off with a falsehood.
In a communist economy, Jeff Bezos and Elon Musk still exist. The difference is that instead of getting their money/power from providing value to people by selling things, they got it from political connections and corruption. They would also have a larger share of the pie, and living conditions would be significantly worse for everyone in the classes below them. This is easy to see if you have any knowledge of present and prior communist regimes.
I think it's rather humorous to say they don't have "even a particularly significant share of the money" about the two richest people in the world.
I think you'd have a point if what they had wasn't a "particularly significant share of the money" more than others. Like... being the richest person in a subway car isn't that impressive. It's not that much more. Being the richest person at Cipriani's in midtown during lunch... now we're talking. But the two richest people in the world don't have "a particularly significant share of the money"?
What planet do you live on?
Elon Musk is worth 378 billion, and Jeff Bezos is worth 196 billion, for a combined 574 billion. The combined net worth of those two is less than 4% of the 16.1 trillion of combined net worth of all ~3k billionaires in the world, which is total assets, which far exceeds the actual amount of cash that they hold. Furthermore, all of the wealth of those billionaires is a fraction of the total wealth of the world.
> What planet do you live on?
You need to calm down and start learning to think rationally instead of believing that your emotions correspond to reality. As a reminder, you falsely claimed that Jeff and Elon had "all the money" and have been going on ignorant, emotional, and irrational rants about them.
this ignores that the role of some players in this current monetary game is to print new money in their basement...