Who cares? All of this is just envy. The author doesn't want the rich person to be rich. It's not about whether everyone is wealthy or not.
Let's say we distribute Bezos money to everyone. That's 24 Dollars per person. It would change nothing. Nada.
Let's say we distribute Bezos money to everyone. That's 24 Dollars per person. It would change nothing. Nada.
The same thing happens here, except it isn't a game.
The relationship between wealth and quality of life isn't linear (beyond a certain point, additional wealth won't meaningfully improve your health, comfort, etc). But that's very much not the case for power. AFAICT, the relationship between wealth and power is linear as far as the eye can see. More wealth == more power.
It seems pretty clear that wealth is not the most sensible way to distribute power. Otherwise, why bother with things like democracy? We could have just stuck with something like feudalism, right?
ie: We all work for Zuckerberg and the gang, giving them free labour/info which they resell.
Interesting take on the subject. https://www.project-syndicate.org/commentary/techno-feudalis...
Old guy me expects a revolution of some kind because the standard of living in N. America is slowly declining for most and they remember when it was better. You can agree or dis-agree but Americans won't let that happen forever...
Ah, but that’s not at all true. All of us plebes have to pay taxes that Bezos and other billionaires are managing to escape.
This is a serious economic issue.
The fact that one person can steal so much wages from his employees while simultaneously also getting “paid” through their equity, and that stealing wages and wage growth from his employees is viewed as positive is everything that’s wrong with capitalism.
Is he hoarding Amazon stock? Do you mean there is a finite amount of wealth and he has hoarded it somehow in Amazon !?
He worked to make his company as valuable as possible, which is what his job was.