points by crostlybostly 1 day ago | 0 comments
I personally would rather have next day delivery and not waste my time shopping and driving from store to store.
What jobs do you think it creates? You really want all our labor pandering to billionaires? Why would anyone give attention to middle class if the billionaires were forced to spend all their money? How expensive would your life get if the billionaire class redirected all of their wealth toward frivolous consumption.
[–] viraptor 1 day ago
[–] crostlybostly 1 day ago
Trigger unnecessary consumption will increase prices. Its basic supply and demand… econ 101 stuff.
[–] viraptor 20 hours ago
Some prices. It's not like billionaire spending will influence the local carrot prices. They're unlikely to overlap at all with most day-to-day spending for normal people.
[–] crostlybostly 14 hours ago
Its all connected. Everything you buy comes down to how labor or capital is deployed. No one wants to pick your carrot or deliver it or work in a retail store if they can make more money shining shoes, building yachts, building mansions, etc. for a billionaire.
But the bigger flaw in your logic is that investment is a good things. We want investment in plants, warehouses, technology, pharma. That is what wealthy people do with their excess money is speculate and invest in these new things that will serve everyday people.
If you give that money away the people who recieve it are not going to invest it. They are going to blow it on trivial things and consumption.
Whatever jobs are needed to fulfil the spending of billions of dollars. You can't drop that kind of amount of new demand on the existing system without some expansion.
> You really want all our labor pandering to billionaires?
It already is (not all but there's a big impact and political influence), without benefits. Just spending money for products and services would be an improvement.
> Why would anyone give attention to middle class if the billionaires were forced to spend all their money?
Why (for example) Tesla producing both budget 3 and taking millionaires money for Roadster? Because addressing both markets works.
> How expensive would your life get if the billionaire class redirected all of their wealth toward frivolous consumption.
Probably cheaper for higher quality goods and same otherwise. But also nobody is talking about all of their wealth - that's unrealistic. Some more vs hoarding in assets would be still good.