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Just 0.001% hold 3 times the wealth of poorest half of humanity, report finds

theguardian.com

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Re: Just 0.001% hold 3 times the wealth of poorest half of humanity, report finds

#161
post #50

Focusing on reducing economic inequality is silly. Some people being wealth doesn't mean other people must be poor. Society has never been as rich as now, and people are getting out of misery faster and faster. Drawing attention to the fact that some outliers have an insane amount of wealth has been shadowing the real problem: politics is in getting in the way of eradicating poverty. Many people, mostly fueled by env…

This comment is so out of touch with reality. It matters because our political systems are influenced by the wealth. More wealth equals more political power in a system where political power is supposed to be assigned via democratic vote. It also matters because wealth is not created in a vacuum. Elon Musk could not build his rockets unless his employees were educated by the public schoold system, and fuel trucks fil…

More wealth gives you more power in different ways, including political.

That doesn't mean that society stands where it stands now because of political power. If anything, we've evolved in spite of it.

And you assuming that I was born rich is hilarious. I come from the northeast from Brazil, and my parents weren't by any means rich growing up. Now, on their 70s, they're finally financially stable after a lot of hard-work, and despite the government doing their best to destroy their wealth. And to clarify: besides attending a really good private school, my childhood was quite poor (luckily, I always had a computer about 5-10 years older than the current models back then, at least; I could've newer, but your loved statism made it harder to have access to tech).

You're full of prejudice. You think someone who isn't on the same page as you politically is privileged lol

Wealth inequality doesn't cause people to die from preventable diseases. Your commie mindset does when they can't afford to have access to wealth, medications, leisure, access to good resources, etc.

Re: Just 0.001% hold 3 times the wealth of poorest half of humanity, report finds

#162
post #128

Earlier quoted context omitted.

Redistribution doesn't need to increase productivity, it suffices that it increases consumption for the economy to grow, if that's your only goal (it isn't the main goal for me). I recommend reading this https://en.wikipedia.org/wiki/Velocity_of_money Basically if you have the same amount of money in economy, but you double the number of transactions - economy will double too (assuming same distribution). Money natur…

> That's why redistribution usually increases GDP. It also raises prices until the same amount is done. A plumber might work extra hard when he gets more work than normal, but will burn out if he continues to work like that so he raises his prices until he has to work just like before.

Which increases how much people can import and invest into R&D and automation (fixed vs variable costs with regards to number of menial workers).

Which again grows the economy in real terms.

The worst thing for the economy is slave labour. The thing that forces innovation is labour shortage.

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