The reality, which kinda sucks and is boring, is that generally people with money understand how money works, and why things like rent control, government grocery stores, and free [expensive service], are financially brutal policies.
This is stuff economists know. Why would rich people know that? How many rich people pay rent or rely on social security? Making profits is not a skill transferrable to the broader economy.
Also, what worked in the past, in different places or different demographics does not mean it will work again today.
There are a massive number of low income people who are completely "lost in the sauce" of finance and economics.
I'm not talking about billionaires vs. everyone else here, I'm talking about the top 30% and how it's chock full of people who "get" the structure, understand the mechanics, and do good for themselves.
Could it be any other way? Are there people that understand how money works and won't apply it for their own case?!
We each do our best for us and our own - it's natural. Capitalism is ensuring the society advances and benefits disproportionally more.
Take Bezos for example: his wealth is about 255B but the company he founded has a market cap of 2.67 trillion - that 2.41T difference is wealth created for other people. Not to talk about the products and services improving the society and our lives every day...
Brutal to who? Wage theft is also brutal, but it's pretty obvious why the folk who "understand how money works" condone it. It's a tad credulous to think the billionaires donated against Mamdani out of a sense of noblesse oblige
> Society is a chain linked web, not a loose cluster.
I wish the people building bunkers, buying New Zealand citizenship, support razing social safety nets for tax cuts, and fetishize civilizational collapse (while simultaneously chipping at its foundations aggressively) realized this.
What about tax cuts for the rich, quantitative easing? Who are they brutal to? Everyone? Where in that chain linked web does it hurt the most when you distribute money to the wealthiest 10%?
Tax cuts for those with lots of money, without cuts to government spending, and therefore giving rise to increased deficits, which sooner or later will wind up as inflation... that's distribution.
Appeal to authority and sweeping generalisation in a cynical dismissal package.
You’re not talking to bilionaires on this site, only a portion of bilionaires know about making money, which has no relation whatsoever to having a good grasp about political philosophy, large-scale economic principles and statesmanship.
