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by beaconstudios
1908 days ago
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Yeah of course there's some truth that wealthy people have more money than poor people, but you have to argue from actual facts about these things. If I start a company that's worth a ton of money then it's because I'm providing a ton of value to my customers (excluding some more arguable examples like HFTs). So the value I have is exchange value in the case of net assets, or the potential for future exchange value in the case of shares. Its a reward for doing societally-valued work. Of course there are reasonable arguments that shareholders are treated preferentially to labour in our economy and that that's as bad thing, but the basic premise of "the wealthy people have all the stuff so let's take their stuff" is just class warfare, not a reasonable argument. |
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> not a reasonable argument
It's only "not a reasonable argument" if you mentally substitute how cartoonishly huge, rich, authoritarian, etc. Bezos and Amazon actually are with a mom and pop shop or a guy who owns a single factory.