Conversation

Aella
@Aella_Girl
The kind of economic views that get heavily upvoted on Reddit really terrify me, because I view it as an indication of the future as our generations age. They don't even seem like economic views, but rather moral values wearing the clothes of economic opinions.
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Aella
@Aella_Girl
It's basically "rich=bad, poor=victims" and making policy moves based off of this extremely simplistic rule is going to fuck us so hard.
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Rafael
@w0dinga
Replying to
@Aella_Girl
I don't know what you're reading, but I've yet to read a single comment saying being rich is bad. Nothing wrong with being rich, but amount of wealth at the top of the system is literally incomprehensible. Several hundred people should not have as much as half the population.
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Rafael
@w0dinga
Replying to
@w0dinga
and
@Aella_Girl
An economy only works if money is flowing, but wealth aggregation is the literal opposite of that. You could tax some of the richest people in the world 99% of their wealth and it would not affect their day to day life. They would still be unimaginably rich.
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Aella
@Aella_Girl
Replying to
@w0dinga
Do you think rich people sit around and not use their money? I just was talking to a rich person who was laughing that he was short on cash because all of his money was invested right now. It's not like the wealth is sitting stockpiled like gold inside a mountain.
Rafael
@w0dinga
Replying to
@Aella_Girl
Often it is though. A lot of wealthy people store trillions of dollars in offshore banks that are doing literally nothing. Or they invest in real estate that are luxury apartments that sit mostly empty except when they decide to take a mini vacation.
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