You realize wealth isn’t distributed like that, right? $1Tn in wealth loss impacts the Fed interest rate, leads to quantitative easing, and plunges the country into an economic crisis similar to the 2008 financial crisis. This doesn’t disproportionately affect the wealthy.
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The ‘economy’ disproportionately affects the wealthy. Yes it does. Go back and do some 21st century research on the wealth distribution.
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Replying to @SureReno @nanogenomic and
No it does not. A temporary paper loss for a billionaire does not affect him 1/1000 as much as a job loss for someone struggling mate. Most big wealth is long term holdings. Fluxuations have little impact on those people.
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Replying to @afewcrayons @SureReno and
correct. we need to provide people at the bottom of the totem pole (*the foundation!*) with way more stability. this is where our internal sense of stability has to be.
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Replying to @DanielleFong @afewcrayons and
What is currently true is not the way it always was. You assume the wealthy's power, i don't. For example, when wealth was distributed more fairly via higher taxes and less subsidies anything that happened to the stock market directly affected workers, not just their bosses.
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Replying to @SureReno @afewcrayons and
I have fantastically more firsthand experience with the tech billionaires! You should credit me that at least!
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Replying to @DanielleFong @SureReno and
You can bet that
@ElonMusk and@JeffBezos are on the side of the future.1 reply 2 retweets 1 like -
Replying to @DanielleFong @afewcrayons and
This is something I've rigorously looked into. Elon and Jeff are great inventors and they could exist with higher taxes and less subsides. But in that world, Amazon workers have health care when Jeff wants to restructure or when Elon is done building a specific project.
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Replying to @SureReno @DanielleFong and
Look into
@AnandWrites. Read his book. Investigate the 40s, 50s, 60s of American wealth distribution. Then investigate today. It's absolutely sickening how many people in this thread literally don't have a clue. It's sickening because the results are on the streets of SF.2 replies 1 retweet 2 likes -
Replying to @SureReno @DanielleFong and
The streets of SF are the result of the drug problem. Not income inequality.
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it's a whole fuck ton of things. it's in great error to assume it's not. I was homeless in SF too; luckily I made friends.
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