Comment by timacles
13 days ago
> Painting all billionaires as the problem
Strongly encourage you to learn about their favorite money making concepts of passive income and compound interest. And other various "financial engineering" techniques corporations are engaging in.
These guys make more money taking a dump than 1000 US workers doing hard labor. I'm sure they are like 1000x more genius that most people but I doubt you could make an argument where a system that rewards this sort of behavior, while contributing absolutely 0 net value to society can also coexist in harmony with the rest of us.
When the most efficient methods of accruing wealth are literally predicated on profiting from doing nothing, they are not the signs of a healthy society.
I’d encourage you to do some research on the history of charging interest. It does indeed make for a large wealth gap and that is indeed a significant social problem.
However it isn’t a problem limited to capitalism or the US. And “billionaires” have been around for quite a long time - I find it strange that some are placed on a pedestal for some reason
I will read into it thank you.
Yes current crops of billionaires aren’t particularly different, but the methods they have access to are increasingly detached from any real world value. And due to the overall wealth of the US and money in the world in general, their ability to create capital out of nothing is on the very extreme end of the spectrum.
They are driven by tunnel vision and are distorting the very concept of money and the purpose it has to serve in society