points by azan_ 1 day ago | 0 comments
> You don't get it. [...] A society is not "richer" because the amount of financially backed power is one concentrated set of hands.
No, you don't get it. Read again my post - I've explicately said that EVERY decile is richer.
[–] tikimcfee 1 day ago
[–] azan_ 1 day ago
> You raise everyone up simultaneously by distributing in a rational measured way.
No, see, that doesn't make sense. If you "distribute in a rational measured way" you have central planning. And central planning indeed reduces inequality but also makes everyone much poorer. Inequalities are natural consequences of free market and meritocracy. Free market and meritocracy is what's best for economic growth. And with economic growth EVERY decile gets richer.
> Would you rather have richer (in real terms) society (including richer lowest decile) with larger wealth inequality or poorer society with smaller inequalities?
My point is that those are not the only options. You don't make some more people richer such that there's more inequality. That doesn't make sense. You raise everyone up simultaneously by distributing in a rational measured way. I think maybe you're saying "bigger middle class"? If so, then no, I'd rather say, "no classes, what's the point. We know how to distribute and logistically solve these problems."