[teeray]

> I see your compassion, but income inequality isn't driven by prices, it's driven by the employers not paying enough to their employees. Prices can't fix that.

The two are intertwined. Every big-ticket item costs at least $1000 round numbers these days. If you halved that threshold to $500, you would put more valuable goods in reach to more people without adjusting wages.

You can do the same by increasing wages, but that threshold might go up in response to $2000.

It’s all about prices relative to wages, not either in isolation

[gofigure]

this is why focusing on the wage part of inequality is the wrong approach.

Figure out how to make products cost less and cheaper -> more can enjoy them and everyone becomes richer.

Print more money to give to people to fight inequality? If you don't invest to make supply more efficient, all you'll get is inflation.

Rich people don't buy the same products as poor people. In fact, most rich people (Elon) own capital that is being invested in part to make production more efficient.

If you were to tax all of Elon's wealth and give it to the poor, it's just not the case that everyone could suddenly afford a Tesla. What would happen is that nobody could afford it, even people that can afford it today, because you are moving capital away from investment and into consumption.

[seoaeu]

"Welfare spending doesn't help poor people due to inflation" sounds pretty dubious to me...

[gofigure]

it does, but you also have to tax some people so that they spend less.

Recent narratives is that you can do welfare for 'free', either by printing money and not worry about inflation or default, or by taxing 'billionaires' so nobody feels it except 100 people.