this post was submitted on 12 Jul 2024
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Good luck, you are talking to people who think that if the billionaires passed out all their money to everyone, then we would all be able to afford way more stuff. They have no idea that more cash doesn't mean way more products appear. Supply and demand is such a simple concept, but to them, it might as well be rocket science.
Imagine being so naive as to believe massive wealth hording deprived others! What turkeys! Amirite?
Imagine if you will that there are 5 items to be had, everyone wants them. Everyone except for the evil rich man has 10 tokens. The evil rich man has a billion tokens. Right now people are willing to sell an item for 4 tokens. One day the people kill the evil rich man and spread out all his money evenly. There's still 5 items! They just go up in price! The rich man's blood doesn't create more items! It isn't complicated. It's very simple.
Now you imagine that the rich man undermined democracy and the rule of law, monopolized industries, and charged everyone 5 tokens a year for basic necessities.
I don’t think it’s everyone else who has a child’s understanding of economics.
And yet somehow despite all this, nearly everyone is living a much better standard of life than they would have 50 years ago, land we all far excited the kings of 200 years ago. We are rapidly progressing due to our extradoniary ability to work together. Complaining that this beautiful system of cooperation isn't working as fast as you imagine does nothing.