It’s hard to believe that even the billionaires are flourishing.
Musk certainly doesn’t seem to be a poster child for eudaimonia, being allegedly addicted to drugs.
Musk certainly doesn’t seem to be a poster child for eudaimonia, being allegedly addicted to drugs.
Have a nice ceremony and present a medal for winning capitalism.
One million dollars and not a penny more. Enough for most people to live comfortably, but not enough to buy governments, or for the upper classes to never need to work again to maintain their lifestyle and privilege.
No human being needs or deserves a hundred million dollars.
But the point is kind of to eliminate the upper classes and scale the economy back into the reach of most people. So there would be no FAANG salaries. The cost of everything (healthcare, education, housing) would go down. It would place a hard limit on political influence that isn't too far out of reach of current Congressional salaries and would probably limit pork barrel politics and insider trading as well. It would end inherited wealth and maybe even limit the length of copyright.
That's an admittedly naive and utopian view and I'll admit there are bound to be complexities and externalities I'm not taking into account because I'm not an economist. But it's either that or we seize the means of production and put the rich to the guillotines until the sewers choke on their blood. And then something something luxury space communism.
Some of his friends are disappointed in him because he works as a dev in a huge company and now "sits on his millions".
They seem to think it's better to be a king in the Middle Ages than just a regular rich person in modern society. They forget that the lives of kings in the Middle Ages were absolutely terrible.
The labor classes only need to be maintained like machines or draft animals, kept just alive and well enough to afford the rent on their lives so they can continue to create value.
The collective reactions to this aren't mental illness, they're trauma responses. Capitalism is accelerating towards its final form and the shock is giving people PTSD.
The wealthiest group of people (on the whole) is the 70-95th percentile.
If we were to have the toppling of "the rich" that brought about meaningful change to the "poor", it would necessarily include the toppling of the ~$200k income households.