[MaxHoppersGhost]

I wish we’d focus more on living standards than wealth as I think that’s what really matters. “How can we lift up the people with low living standards in the US?” should be the question rather than “How can we keep people from becoming ultra rich?” which I think is what happened in Europe. The only reason wealth should be checked is because of undue influence on politics/power. Otherwise I don’t care if there are 1,000 trillionaires as long as as many Americans as possible have a good quality of life. I think for many the obsession with redistributing wealth comes from a deep seated jealousy.

[Epa095]

Regarding your last sentence about the jealousy, I have been thinking about this quite a bit for myself, if it is actually jealousy. And I have come to the following realisation:

I would like 20$ million. It would let me live the life I want (with extra), and take care of the people I love. I would be able to spend my time doing only things I like. I am envious of people having this kind of wealth. I don't really want more, and I am not more envious of someone having 100 of millions of dollars. This you must just belive me on, but I truly don't see what I would do with more than 20$ million.

But they, the ones with hundreds of millions, are the ones I want to tax. Because I am afraid of them, afraid of the power that comes with the wealth. And if it was envy I would have wanted to tax everyone I envied, also the ones with 10-20$ million. But I am fine with them having their wealth, cause they don't scare me.

[enoint]

Maybe envy, as a sin, was easy to see in premodern times; as the number of children, rather than tax bracket.

[Epa095]

So, money is likes votes into the economy, and it decides what the economy produces. When a rich man decides that a house should be built for his two dogs, and that another human should spend their time taking care of those dogs, he can use his money to influence the economy to produce as he wants. The labour does not pop into existence from the void, similar with the materials for the house. It is a redirection of the economy to produce what he wants.

Money is not like mana, it does not conjure things into existence, it moves (through the invisible hand) the economy to produce what the owner desires.

Now, this does absolutely not mean that the economy is zero sum (over time). There are of course something the economy can do which will be productive and produce more goods, and there can be bad decisions. Wealth can absolutely be created by actually value creation, but also by a lot of parasitic processes(and inheritance). And the owner of money gets to controll what the economy does, you don't (barely).

A large concentration of wealth will mean that the economy at large will to a larger degree be used to produce what really rich people wants, instead of producing things the middle class wants.

[enoint]

I wonder how many people think about the options we can offer to our children. Will my future grandchildren have access to gene therapy? Or has generational wealth already closed the door for the upper-middle class? Maybe that’s jealousy or envy.