• timestatic@feddit.org
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    1 hour ago

    I wasn’t arguing against wealth distribution. Im just saying its crazy to believe if everyone were millionaire, everyone could afford what current millionaires can afford. I think the wealth assessment of few individuals is a systematic failure of capitalism. No individual can work enough that they should have a million times that of the average citizen. I think having certain variation in pay grade and wealth can be okay if it serves the best interest of the public and entices people to work hard. The economy would be driven by spending, yes but that spending would devalue money quickly. Also billionaires have most money in company shares, land etc, not liquid cash. Inheritance and wealth tax can do a decent amount to reduce inequality I believe. A good social safety net would also make the US a much better place for the average citizen.

    People are just misunderstanding my argument. Although I don’t think violent means like mentioned here are the way to go. But what am I even saying we are in a shitpost community after all.