Comments by "" (@badluck5647) on "Is Wealth Inequality Actually a Problem?" video.

@scottgrindrod As Amazon stock prices rose, so did innovation that benefits most of us and so did the number of high paying jobs. Rising tides lift all boats.
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@nerdstrangler4804 The reason Amazon innovates is because the stockholders have an interest raising the value of the stock. Do you think Bezos and the other stockholders would have the company reinvest all the profit into expanding the company and R&D if they weren't motivated by increasing the value of the stock. Do you think Bezos would even tried to start a company or expand beyond books if there wasn't a profit motivation. If you want economic equality, then go to Cuba where innovation is dead, and everyone is equally poor. Also, prosperity isn't a zero-sum game. It shouldn't matter if billionaires get richer as long everyone's standard of living improves. Yes, Bezos is super rich, but the average consumer can now get more goods with less cost of time and money as a result. Yes, Bill Gates is super rich, but the personal computer has created exponentially better living standards as a result. Yes, Musk is super rich, but....I actually have no idea why people think Tesla stock is worth anything.
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@nerdstrangler4804 Wealth inequality is only an issue when it is done at the expense of the consumer. For example, Russian oligopolies concentrate wealth at the top by using monopolistic control of national resources to charge the consumer more for less. On the other hand, Bezos got rich by Amazon creating value and producing a more efficient economy. That means more high paying jobs and lower unemployment.
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