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Asbestos Muffins
Economics Explained
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Comments by "Asbestos Muffins" (@AsbestosMuffins) on "Is Wealth Inequality Actually a Problem?" video.
fitting this was prefaced by an ad by an insane billionaire who is desperately trying to convince you that the other side wants anarchy
9
ya, wealth inequality isn't simply a symptom of the world getting richer, we have had larger gains in wealth in other periods where the political systems forced the wealth downwards and inequality did not grow so unevenly
2
yes, and no, but also yes. The rich get richer both through the continued gain of wealth and through their assets and that's not stopping the poor from getting wealth, but the rich control the political system to tip it towards giving them more wealth, and also prevent the poor from getting any boost to their wealth, think tax cuts and stopping universal healthcare. One directly gives the rich more wealth while the other directly blocks the indirect transfer of wealth to the poor its the control of the political system to squash the poor that people are sick of because rising tides aren't lifting all ships and this is all before we get to the growing ecological collapse caused by global warming which will require the rich to give up some of their wealth to ensure society survives Economists seem to be a bit too myopic when it comes to the larger political, industrial, and environmental issues caused by wealth inequality
1