[dudus]

Tech doesn't just magically create wealth because it exists.

Tech jobs pay well because of market imbalance. Jobs > Candidates. When/If this balence is broken tech jobs salary will decrease. It also is justified because tech jobs generate value, in either revenue or equity, arguably. That also can change in the future.

Creating a digital currency and digital passport doesn't create wealth out of thing air. So you need money to pay for the services you plan to provite your denizens with. You are invariably asking richer individuals to pay for their own services plus extra for the poor denizens.

That's just socialism, when you force your denizens to finance equal services for all. Or donation with extra steps when they do it out of the generosity in their hearts.

I don't see how you can spin this into anything that makes sense.

[RemoteComm]

I would argue that yes tech actually does just magically create wealth. Ask any one who has started a software company, any one who does wordpress or any cms websites. You build lines of codes for people and people pay you, thats the magic. And yes you point out great it will need fund. It will need founders who know how to create wealth to fund such idea. Think if "money" was no object, what is the total monthly cost of living of everyone on the planet and then will work backwards on how much burnrate is needed to fund. etc etc..

Yes market imbalance is the reason for high pay, I am just pointing out thats the advantage tech group has and gets to execute such ideas.

[kazinator]

Tech creates wealth because, say, a smartphone is more valuable than the materials from which is made.

If it is run over by a tank, it is still made of the same materials, but its value is diminished to close to zero.