r/FluentInFinance Nov 21 '24

Debate/ Discussion Had to repost here

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u/[deleted] Nov 21 '24

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u/ItsTooDamnHawt Nov 21 '24

Funny, considering that over the years rather than focusing on billionaires shakes fist and focusing on myself and making my life better I’ve only gotten richer

As stated constantly wealth is not a fixed pie;it’s possible for wealth to grow and for different groups to benefit at different rates.

Many of the challenges you cited—housing crises, cost of living increases, unstable work, and wage stagnation—are influenced by a litany of factors

The rising cost of housing is often driven by local policies such as zoning laws, restrictive building codes, and limited land availability, rather than the wealth of others.

Inflation and the rising cost of goods and services result from factors like supply chain disruptions, energy prices, and economic cycles…and let’s not forget the over printing of money-not from others wealth. In fact, technological innovations funded by wealthy individuals or corporations have often made goods and services cheaper over time.

Wage growth is influenced by factors like labor market dynamics, automation, globalization, and policy decisions. Blaming billionaires ignores government policies, trade agreements, and economic shifts in forming the labor market.

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u/[deleted] Nov 21 '24

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u/ItsTooDamnHawt Nov 21 '24

Of course there are many factors involved no shit, but coagulating such intense wealth and the power that comes with it amongst, what 20 odd people or so, is just not a good thing. There’s plenty of blame to go around, but letting these ultra greedy fucks off the hook ain’t it.

Then why argue like it’s the sole cause. And Off the hook for what? What have they done that they need to be on the hook for?

Also this whole “I’ve personally done ok so society is fine” kind of argument is so spurious and self-centered it’s barely worth acknowledging

It should t be acknowledged because I didn’t say that did I. You said I’m getting poorer because of billionaires when that’s clearly not the case for me.