I don’t blame them. People can’t afford Bidenomics. I see people complaining all the time but elections have consequences.
I make a lot of money, so I am weathering it just fine. I am just not able to save as much as I would like.
As I said previously, I am not a fan of Trump but groceries were much cheaper under Trump. The cost of items was cheaper under Trump.
I can’t think of any way my life was worse under Trump.
The entire economy is a zero sum game. If I have 100% of the money supply, that necessarily means you have 0%. If we change the amount of people involved in the economy and the distribution, the sum of the proportions of the supply of money will still add up to 100%. So, actually, yes, Elon being as rich as he is necessarily makes others poorer. That is why the top 1% having trilions matters: it’s money that isn’t in other people’s pockets.
This doesn’t necessarily solve poverty. Poverty is measured by a person having a less than certain amount of money within a time period. A single person in the U.S. that made less than $13,590 in a year was officially in poverty. And the weird thing is that 11.4% in 2022 both had a job and lived below the poverty line.
Additionally, I think it was you that mentioned physical therapists are basically required to be a PhD in PT just to do a job that doesn’t even pay all that much!
Personal human capital investment doesn’t necessarily lead to a reduction in poverty.
Sure! Take it from top 10 U.S. billionaires. We can start and end there. Redistribute their wealth to everyone else, even other billionaires because why not. If you’re correct, it won’t matter: they have skills that make them more available and command a higher rate of remuneration. If you’re wrong, then…we’re down 10 less egotistical billionaires. Win-win.
That’s only if you assume that the only way the economy works is solely by money. What’s important is that value isn’t a zero sum game. It doesn’t matter if you have 100% of the money. People will just use some other means of exchange, and your money will be worthless. Because regardless of your money, I have things people value, and people have things that I value. Hell, we could literally just make a new currency that entirely replaces the now valueless piles of money you have. And since our currency isn’t even backed with anything, it’s not even like you can exchange it for something actually worthwhile like gold.
They don’t have a PhD. They have a doctorate in physical therapy. PhD is a research degree. Not the same thing thing.
The government continually prints more money making each dollar worth less. As such Elons billions is from other rich people who have invested. It didn’t come out of a poor persons pocket.
That’s why Elon being rich doesn’t impact what you have. What impacts what you have is what do you do with your money.