Hacker News

points by jongjong 1 day ago | 0 comments

With this kind of wealth distribution, there's no point doing any job which services regular people. Everyone should become an informant, bodyguard, lobbyist or propagandist for a rich person. That's going to be the only kind of job that pays in the future.

Look at that last bar; consider just the annual yield or interest payment on that wealth; soon, it's going to be more than all other bars combined. If people understood the situation, they would all stop working and start making lists of who these people are and work for them. That's the only logical (legal) thing to do. Every other job or career is a waste of time.

[–] Rapzid 1 day ago

What do you think is happening right now? Where did that wealth come from? We are already all working for them.

[–] jongjong 1 day ago

>> Where did that wealth come from?

Clearly, the money printers. How else could there be such an enormous gap between those last two bars?

[–] ozgrakkurt 1 day ago

I think it is already way bigger than the other bars combined right?

[–] jongjong 1 day ago

Yes but I'm thinking about just the yield on that last bar.

Given that the Shiller P/E ratio is now 40 (under 3% of the value of the assets), the yield is actually a pretty small fraction of that last bar... but even then, I'm saying one year's yield could exceed the worth of all the others if things continue.

But IMO, it's already the case that the economy is centered around the free money/proceeds received by top 0.1%. This is why we saw all that nonsense with COVID, DEI, Wokeism, etc... This is what happens when a small number of elites decide to spend a bit of 'spare change' on politics and social activism. Imagine how bad it's going to get after that wealth has compounded in 10 years...

[–] sfn42 1 day ago

We already do work for them. They're the ones who own all the corporations.

[–] yanslookup 1 day ago

That's what most corporate jobs are . Us just working for the oligarchs.