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.
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.