@ChrisSpoke In terms of basic needs being met, absolutely. Utility curve of wealth basically flattens out the power-law distribution anyway.
In a tech-driven deflationary world, wouldn't anyone with even a little bit of free cash flow to their name find themselves getting richer?
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@ChrisSpoke However, if you're broke, you're still broke, even if a dollar goes much further than it ever did.
End of conversation
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Deflation-driven exponential growth in net worth = Matthew effect => even more aggressive power-law distribution of wealth.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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@ChrisSpoke I think the only problem is going to be debt that can't be discharged in a bankruptcy, so basically just student loan debt.Thanks. Twitter will use this to make your timeline better. UndoUndo
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