Comment on What's the endgame when the rich have all the money?
Zarmeck@sh.itjust.works 2 weeks agoYou’re forgetting that this money would exchange hands multiple times per year, per person. Expenses are revenues; we’re all connected.
But when some people put billions aside (in non tangible stuff like stocks), they’re effectively reducing the buying power of everyone else. Slowly but surely. They are a net negative just by their mere existence.
tonyn@lemmy.ml 2 weeks ago
I see your point, but my point is that each time the money changes hands, more of it will bubble up into the coffers of newly minted billionaires.