r/CuratedTumblr • u/Justthisdudeyaknow Prolific poster- Not a bot, I swear • 1d ago
Infodumping Unskilled does not mean un needed.
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r/CuratedTumblr • u/Justthisdudeyaknow Prolific poster- Not a bot, I swear • 1d ago
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u/donaldhobson 1d ago
>America is a society of haves and have nots and it seems many yanks are afraid that if things got better for the have nots, it would mean they would also become have nots.
Imagine an extreme case, a president decides to make every american a billionaire, and prints the $350 quadrillion dollars needed.
There just isn't the manufacturing capability, nor the pilots, for 350 million private jets.
If the economy is still using US dollars, not gold or bitcoin, then some large groups of friends will pool their money to buy a private jet.
So the price of private jets goes way up. And so people who were already private jet rich find they aren't much richer than anyone else any more.
Making everyone better off is hard. You need to increase production.
> if you don't have a seven figure salary or above, you could still live like you currently do without everyone getting exploited around you.
Suppose the poor people are stuck eating the cheap bread. And the middle class people are eating nice steak. The rich people also eat steak. But they can only eat so much, and there aren't that many rich people anyway.
There is just not enough steak currently being produced for all the poor exploited people to consume it.
So in order to "live like you currently do without everyone getting exploited around you", you need more cows. Is there room for those cows? Maybe. Maybe not.
And it's like that for loads and loads of things, not just steak. Most of the little luxuries that the middle class buy are not things a billionaire would buy 1000x as much of.