Billionaires have to take it from everyone else to accumulate it. And then taking that money out of circulation hurts but so does them “investing” because it drives the price of everything up.
Especially for stuff like real estate where they make money buying but also investing in mortgage debt. The wealthy are incentiviced to drive prices skyhigh, but it’s unsustainable and huge crashes become more and more frequent. Everytime people get squeezed and some loss everything, and the wealthy gobble up even more.
I wonder about that, actually. I think it’s quite likely that there is a literally finite amount of wealth, but a functionally infinite amount of wealth; that there is no actual scarcity. Our world produces enough to shelter, feed, and hydrate each of the eight billion humans on the planet. We have to throw away food, waste water, and leave perfectly livable homes empty in order to maintain the illusion of scarcity, all so that billionaires can maintain their hoards.
There is a finite amount of wealth…
Billionaires have to take it from everyone else to accumulate it. And then taking that money out of circulation hurts but so does them “investing” because it drives the price of everything up.
Especially for stuff like real estate where they make money buying but also investing in mortgage debt. The wealthy are incentiviced to drive prices skyhigh, but it’s unsustainable and huge crashes become more and more frequent. Everytime people get squeezed and some loss everything, and the wealthy gobble up even more.
As Trevor Moore once said:
https://www.youtube.com/watch?v=TMHCw3RqulY
No, it’s not a zero-sum game.
That being said, they do exploit us.
I wonder about that, actually. I think it’s quite likely that there is a literally finite amount of wealth, but a functionally infinite amount of wealth; that there is no actual scarcity. Our world produces enough to shelter, feed, and hydrate each of the eight billion humans on the planet. We have to throw away food, waste water, and leave perfectly livable homes empty in order to maintain the illusion of scarcity, all so that billionaires can maintain their hoards.