Comment on But how would they be able to live on that?

• damnedfurry@lemmy.world ⁨2⁩ ⁨months⁩ ago

  • The wealthiest’s wealth is all invested in the economy, literally the opposite of “hoarding”.
  • “The lower rates are gamed to increase wealth disparity” is false–they are that way to encourage entrepreneurship and the like, the things that keep the economy strong. The fact that those who create the things that strengthen the economy become wealthy faster than those who don’t is a feature, not a bug. A rising tide lifts all ships. And make no mistake, one’s assets appreciating in value takes nothing away from those who haven’t invested–the latter group’s level of wealth is not affected by the former’s. In other words, the wage my job pays me does not change based on how wealthy other people’s assets are, from the billionaires, down to even a neighbor whose house has appreciated in value.

  Wealth disparity is not inherently a bad thing–a century ago, the ‘gap’ was much smaller, as was the number of billionaires, but the average person’s wealth was also MUCH lower.

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  • nickwitha_k@lemmy.sdf.org ⁨2⁩ ⁨months⁩ ago

    • The wealthiest’s wealth is all invested in the economy, literally the opposite of “hoarding”.

    The economy is more than the NYSE and bought politicians.

    • “The lower rates are gamed to increase wealth disparity” is false–they are that way to encourage entrepreneurship and the like, the things that keep the economy strong.

    Don’t know what to tell you there. The money doesn’t buying legislation to keep workers in places of economic instability doesn’t really encourage entrepreneurship or reduce its inherent risks. Entrepreneurship is also pretty well dominated by the wealthy who can afford the Russia, largely due to inherited wealth.

    The fact that those who create the things that strengthen the economy become wealthy faster than those who don’t is a feature, not a bug. A rising tide lifts all ships. And make no mistake, one’s assets appreciating in value takes nothing away from those who haven’t invested–the latter group’s level of wealth is not affected by the former’s. In other words, the wage my job pays me does not change based on how wealthy other people’s assets are, from the billionaires, down to even a neighbor whose house has appreciated in value.

    Wealth disparity is not inherently a bad thing–a century ago, the ‘gap’ was much smaller, as was the number of billionaires, but the average person’s wealth was also MUCH lower.

    Wealth disparity is the root of most crime and human suffering. Also, the years leading into the Great Depression may not be a good reference point on average wealth.

    You know what, I didn’t think that we’re going to see eye to eye on these matters, regardless of how much back and forth we have. I hope you have a pleasant day and eventually see an increase in empathy that shifts your worldview.

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