you cannot just move wealth from one person to another as if it's perfectly fungible, the process of appropriation and transmission is costly and often requires converting the wealth to a more liquid form, which is also costly and destructive (the wealth is simply lost)
-
Show this thread
Replying to @ne0agent1c
Wealth is largely symbolic of network effects. You could give money to certain people in certain contexts and they literally wouldn't be able to spend it, because they have no leverage or connections
3:54 PM - 23 Jul 2021
0 replies
0 retweets
2 likes
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.