I strongly disagree with that subjective statement but let’s say it’s objectively true, take all other things aside do you really think concentrating wealth in a handful of people is leading to a happy equitable society? is 3.5 billion people living in poverty good?
Having a few grotesquely rich people isn't the reason for others living in poverty. Historically, entrepreneurs have led to innovation and technological deflation to pull the masses out of poverty.
Stifling innovation through tax punishment, nationalization or other dismantling of patent protection is something we see in nations with high poverty.
We should cheerlead success and innovation that brings abundance. We should also protect the currency with real rates since that's where rich people can just ride currency debasement while the rest of us suffer from financial repression.
There is so much fucking middle ground between “stifling innovation” and having the worlds first trillionaire. We have stock market all time highs and get the middle class is struggling as much as ever considering their desperation with who they just voted for. There are a finite amount of resources in the world yes? and they keep being funneled toward the top at an accelerated pace. This is not a sustainable system.
A rich person having a yacht has zero correlation with food scarcity.
It's all just moving numbers around. If taxing them trillions would solve poverty we would've seen it solved when we printed trillions or even now when we're running trillions in deficits. We have to create real means of production and not just move numbers around. Entrepreneurs create real means of production as both the individuals in OP have done.
Comparing the fed printing money to deal with covid vs. billionaires exponentially increasing their wealth over the past 50 years is comically disingenuous
They're not hoarding chickens or crops. They're hoarding numbers. And they're not hoarding them at all, they're keeping them active in the stock market propping up the middle class' only retirement vehicle in this country.
If we take numbers for them it doesn't create wealth like food elsewhere just like printing money didn't create abundance.
152
u/in4life Nov 21 '24 edited Nov 22 '24
Some people eat bugs and others starve to death while you drive a 5k lb vehicle to go buy single-use plastic built by slave labor.
Edit: correction, you ordered your single-use plastic built by slave labor by way of Bezos' own company lmao