Wealth inequality is our #1 issue in the world, and the root of all our other issues, climate change, politics, all issues. But y’all understand money doesn’t work like the meme, right?
Tried explaining this to my stoner friend back in the 90s. Mike was appalled that the government shredded worn out bills. “Man! They could just give that to people like us!”
OK Mike, you understand that the US government could give each one of $1,000,000, today? And you know I charge $20 to mow a lawn? If we both had a million bucks, I wouldn’t mow your lawn for $20. I’d want $20,000. I already have a million simoleans, what’s $20?! “You could still get a righteous meal at McDonald’s!”
If we all woke up with $417,465 tomorrow, we would instantly be broke. As dad used to say, “If getting money was easy, it wouldn’t be money.” We obviously need to tilt the table, radically, but just smearing all the money around is a childish idea.
Call me a downer, but I don’t see any hope of clawing anything back from the rich short of guillotines. Every one of our institutions is bought and paid for, and that’s still not enough. They rape us more everyday and demand yet more. (Call me bitter. Lowe’s is pulling this shit on me daily. Stock must have gone down a nickle.)
It’s not like the best way to do wealth redistribution is to just give the lump sum to every person. A significantly better way is to fund public goods: such as public infrastructure, universal healthcare, mass transit, social housing, public education, subsidies for healthy food, expanded protections for workers, and UBI to assist everyone’s cost of living. Jobs would focus on the quality of their output over the overexploitation of the workers.
If we all woke up with $417,465 tomorrow, we would instantly be broke
That’s not true, though, fully equal wealth redistribution does create an incentive problem, but tax based redistribution, such as UBI, allows for ROI and Return On Time/Work. It’s fair that the slaver class must pay more for work if the structural desperation of accepting slave level wages is eliminated, but there is direct economic growth from UBI/tax redistribution, from higher money flow/velocity, and so Return on slave’s work can be positive, and certainly, the slaver/capital class still has all income/wealth trickle up to them.
I wouldn’t mow your lawn for $20
You might like me, or like society enough, to help me/society for a fair price. You don’t need to travel far if you’re my neighbour. The $20 might be equivalent to a few beers. But even if you will only do it for $40, that is more beer sales, and more brewing workers/income, and more demand for lawn mowing.
You’re correct, anything communist of even socialist would take centuries to fully adapt to, even in USSR and China, it was state capitalism, not socialism
Wealth inequality is our #1 issue in the world, and the root of all our other issues, climate change, politics, all issues. But y’all understand money doesn’t work like the meme, right?
Tried explaining this to my stoner friend back in the 90s. Mike was appalled that the government shredded worn out bills. “Man! They could just give that to people like us!”
OK Mike, you understand that the US government could give each one of $1,000,000, today? And you know I charge $20 to mow a lawn? If we both had a million bucks, I wouldn’t mow your lawn for $20. I’d want $20,000. I already have a million simoleans, what’s $20?! “You could still get a righteous meal at McDonald’s!”
If we all woke up with $417,465 tomorrow, we would instantly be broke. As dad used to say, “If getting money was easy, it wouldn’t be money.” We obviously need to tilt the table, radically, but just smearing all the money around is a childish idea.
Call me a downer, but I don’t see any hope of clawing anything back from the rich short of guillotines. Every one of our institutions is bought and paid for, and that’s still not enough. They rape us more everyday and demand yet more. (Call me bitter. Lowe’s is pulling this shit on me daily. Stock must have gone down a nickle.)
It’s not like the best way to do wealth redistribution is to just give the lump sum to every person. A significantly better way is to fund public goods: such as public infrastructure, universal healthcare, mass transit, social housing, public education, subsidies for healthy food, expanded protections for workers, and UBI to assist everyone’s cost of living. Jobs would focus on the quality of their output over the overexploitation of the workers.
It says wealth, not money. Redistribution would not look like printing dollars, it would be ownership of 471k worth of assets and securities.
That’s not true, though, fully equal wealth redistribution does create an incentive problem, but tax based redistribution, such as UBI, allows for ROI and Return On Time/Work. It’s fair that the slaver class must pay more for work if the structural desperation of accepting slave level wages is eliminated, but there is direct economic growth from UBI/tax redistribution, from higher money flow/velocity, and so Return on slave’s work can be positive, and certainly, the slaver/capital class still has all income/wealth trickle up to them.
You might like me, or like society enough, to help me/society for a fair price. You don’t need to travel far if you’re my neighbour. The $20 might be equivalent to a few beers. But even if you will only do it for $40, that is more beer sales, and more brewing workers/income, and more demand for lawn mowing.
You’re correct, anything communist of even socialist would take centuries to fully adapt to, even in USSR and China, it was state capitalism, not socialism