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by CPAhem 3505 days ago
>But when did the global elite

Many homes are being bought out by the Chinese elite. They are desperately trying to get their money out of China before the Yuan devalues or recession strikes.

The same is happening in Hong Kong, Australia and New Zealand.
1 comments
ryanwaggoner 3505 days ago
They are desperately trying to get their money out of China before the Yuan devalues or recession strikes.

The horror!

They're investing their money legally in the hopes of protecting or even (gasp!) growing their wealth.

Yes, there are some downsides to that investment, but there are also upsides, and it's unclear to me why they have the primary responsibility for ensuring that every dollar they invest minimizes harm.

I invest in index funds and I'm sure those dollars do some harm in the world (not net, I hope). Am I a monster?

It's reasonable for governments to take actions like this to protect their citizens. It's their job, in fact.

But it seems profoundly unreasonable to me to get angry at the chinese elites for investing their money legally in order to protect their wealth. Understandable, but unreasonable.

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LBXrRkxx 3505 days ago
Then it's UNREASONABLE for anyone poorer than you to get angry at you, isn't it? They're all irrational, but everyone with a higher net worth is more REASONABLE than you are, right? And you make exactly the average income in the US, so you're point of view is fair and balanced, isn't it?
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ryanwaggoner 3505 days ago
What? I have no idea how you made that jump. If you're angry at someone for making more than you (or more than the average income, what a useless metric), then yes, that's irrational. How could it not be?

If you're angry at someone for being unfair to you, then their wealth level is irrelevant.

If you're angry at them because they invested or spent their money in a way that way down the line has some tiny effect on your life that's negative [1], then that's too high a standard. There is literally no one on earth whose actions don't have some negative effect on someone, somewhere.

1. I mean that that individual's actions have a small effect on you, not that the aggregate effect isn't large and meaningful.

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