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RE: Why Wealth Inequality is Good
Nice post. The thing is, wealth always ends up where it is supposed to be. If it is redistributed, it will always go back to the people who deserve it again, even if it takes a generation. People who "get" money, either win it in the Lottery or by welfare or other means, will not be able to keep it or make more.
That is true, people who live on welfare money never save up anything to have more money later. Also people who win the lottery, waste all of it in less than 5 years.
There was an EUR lotter winner, won like 1 billion EUR, spent all of it in 5 years. What a loser....
If he had invested that he could have created 100,000 jobs for his country, and a stable income for himself. But he was a loser even if he won the lottery.
If I had like 1 billion $, I would help all altcoins rise to the stars creating hundreds of thousand if not millions of jobs.
But your statement is not correct, if taxes are high, then the money also goes into the hands of people who dont deserve it. Namely corrupt politicians.
Oh, Indeed! Im against all taxation! It's theft! :)
Yet there are families who have had riches for generations. What does that say about them in our current age? Just that they've been 'responsible'? How do you define where wealth is supposed to be? Working hard does not equal moneyflow.
Well they are most likely spoiled kids, or they dont even know anything about making money, it's just that they have a financial advisor that invests their wealth on their behalf and they just collect the money.
But most of it is invested in Government Bonds, which is very wasteful for the economy, it literally guarantees future taxation. It's a ponzi scheme.
I would never invest in Government Bonds, it's unethical, bondage.
Oh boy..you know, they've done a great job preserving their wealth is they manage to keep it or even increase it. Wealth is supposed to be where it is created. The best place for a fortune to stay is where it has been created - and if that fortune has been created by a family, it should stay there. These are the people who know that business/company. Remember, very few people just inherit 100 million dollars and that's it. I wouldnt even consider that a problem. Most people (that inherit something of value ) inherit a couple of milllions and or a business. They will create jobs, they will invest the money. Who do you suggest can do something better with that money? Governments? Nice track record....
Most people don't have any money and will do anything for a little bit of it to survive. How have rich people been steadily getting richer, in our recent past still?
There is a lot of problem in the world, I am not denying it.
But for example food prices have been going down for the last 100 years, so much that I can literally buy 1 week's worth of food for 5 EUR if I wanted too.
In the middle ages people were living on bread and maybe some vegetables.
The population is 7.5 billion and rising and food is cheper than ever. How?
Beause people have invested
capitalin order to advance agriculture. It's capitalism.There are still poor people, but better than 4 billion people starving to death due to lack of food.
Symbiosis over capitalization. Also, there is kind of a market for people wanting to fucking eat.
Yes there is but there should also be a market for people to show their value, things like social media is good, but there they don't make money.
So Steemit and Synereo are the only places right now where this value can be shown.
I agree, but that doesn't mean we shouldn't keep our eye on wealth inequality, especially on a market that also influences the way people think.
Wealth helps everyone not just those that have it.
If you have wealth in BTC, it's not just you who are better off,but everyone else using BTC, since it lifts their coin's value up as well.
If I buy a ton of EDG, I help everyone else who bought before me.
Sure :)