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by refurb
1611 days ago
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huge levels of inequality necessarily means that a small group of people are consuming vastly more of the available resources than everyone else. Are Jeff Bezos and Elon Musk consuming vastly more available resources? I mean most of their wealth is invested, in companies, that provide a livelihood for tens of thousands of individuals. Let’s say we stopped Elon and Jeff from accumulating such wealth (i.e. stopped their companies from growing and/or forced them to divest their investments and captured it via taxes). I think we can all agree that both companies would likely be much smaller. So how many jobs not created? How many consumers paying higher prices? How much was technology advances delayed? I don’t have answers but they are questions worth asking. |
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