An economy only works when a majority participates. An ideal economy has everyone participating.
You can do a basic thought experiment to figure this out.
Imagine 10 people control $100 trillion. Everyone else controls $0. What do you think you’ll be able to get for $1?
You might then say, “money isn’t wealth.” True. But if 10 people control all the wealth and everyone else has starved to death that’s even worse.
This is not how wealth works
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It literally is not.
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You’ll learn more as you get older. It’s cool.
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This is not a thing wealthy people do, nor does it cause inflation
There is a 0% chance you’ve taken macro econ yet
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I don’t need to be at you in an argument for reality to be reality.
An economy only works when a majority participates. An ideal economy has everyone participating.
You can do a basic thought experiment to figure this out. Imagine 10 people control $100 trillion. Everyone else controls $0. What do you think you’ll be able to get for $1?
You might then say, “money isn’t wealth.” True. But if 10 people control all the wealth and everyone else has starved to death that’s even worse.
I’m sure you have lots of fanciful imaginings of how economies work
My kid believes in Santa.
#1 Are you not familiar with thought experiments?
#2 cool story bro.