Re:Let’s Be Less Productive
by yummyfajitas on Monday May 28, 2012 @11:21AM
(#4033728)
...a lot of the wealth that's caught up in the top of the economy right now would be forced down. That wealth would create a lot more consumers with money to spend,...
This doesn't follow. Most of the wealth that's "caught up in the top of the economy" is simply the means of production. I.e., Zuckerberg's wealth is mainly 30% of Facebook.
Suppose we redistributed 30% of FB to the lower classes. How will this raise living standards?
This doesn't follow. Most of the wealth that's "caught up in the top of the economy" is simply the means of production. I.e., Zuckerberg's wealth is mainly 30% of Facebook.
Suppose we redistributed 30% of FB to the lower classes. How will this raise living standards?