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A comment on What the world will be like in a hundred years (1922). Parent comment

Re:What the world will be like in a hundred years (1922) by vkou on Friday January 07, 2022 @04:50PM (#29845315)
You're still missing the part where its not poor folks who hold cash. The bottom quartile owns next to zero cash. All that an average person in that position owns is the clothes on their back, their personal effects, and maybe a shitty beater car.

The rest of your argument unravels, because you've based it on this fundamentally flawed assumption.

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Re:What the world will be like in a hundred years (1922) by VirusNewbie on Friday January 07, 2022 @07:12PM (#29846916)
You seem to be all over the place, I picked $500 cash because YOU used that as an example. Do you remember? Scroll up a bit.

   >The rest of your argument unravels, because you've based it on this fundamentally flawed assumption.
No, it's not flawed, it's not my argument, it's logic and economic theory that anyone without some weird learning disability can follow.

If there are two groups of people and you give them both newly created money, but one group more money, the group that got less is worse off. Just because number go up doesn't mean they're better off.

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