If people had money and were able to take care of their needs, they would spend more than the billionaire who just keeps it but doesn’t use it. Money spent would drive the economy creating revenue that can be reinvested into the business to increase efficiency and capacity.
But to address your point, redistributing billionaire wealth directly into workers hands wouldn’t make everyone rich. Yes people would have more money, at least at first. This is why socialists believe in controlling the means of production. Workers should share profits.
Workers should not be so desperate that they can’t afford to go on strike or take time off work to vote, or to have the time to find a good job.
Arguing that everyone can’t be rich isn’t a sincere argument. You’re arguing that we need people to be poor and desperate.
I wasn’t arguing against wealth distribution. Im just saying its crazy to believe if everyone were millionaire, everyone could afford what current millionaires can afford. I think the wealth assessment of few individuals is a systematic failure of capitalism. No individual can work enough that they should have a million times that of the average citizen. I think having certain variation in pay grade and wealth can be okay if it serves the best interest of the public and entices people to work hard. The economy would be driven by spending, yes but that spending would devalue money quickly. Also billionaires have most money in company shares, land etc, not liquid cash. Inheritance and wealth tax can do a decent amount to reduce inequality I believe. A good social safety net would also make the US a much better place for the average citizen.
People are just misunderstanding my argument. Although I don’t think violent means like mentioned here are the way to go. But what am I even saying we are in a shitpost community after all.
Yes, that is very reasonable and has been the standard in most developed nations for a while now outside the US. Although in the US it would quickly be decried as “communism” or whatever (ignoring the fact the US healthcare system is the most expensive in the world)
![[serious]](https://lemmy.ml/pictrs/image/5797250b-b6ab-4ec4-aa5f-c41d66a011f0.jpeg){kind=link}
Money would be devalued quite a bit, since production capacity doesnt randomly jump. If everyone is rich, no one is
You wouldn’t be creating currency, only redistributing it.
If people had money and were able to take care of their needs, they would spend more than the billionaire who just keeps it but doesn’t use it. Money spent would drive the economy creating revenue that can be reinvested into the business to increase efficiency and capacity.
But to address your point, redistributing billionaire wealth directly into workers hands wouldn’t make everyone rich. Yes people would have more money, at least at first. This is why socialists believe in controlling the means of production. Workers should share profits.
Workers should not be so desperate that they can’t afford to go on strike or take time off work to vote, or to have the time to find a good job.
Arguing that everyone can’t be rich isn’t a sincere argument. You’re arguing that we need people to be poor and desperate.
I wasn’t arguing against wealth distribution. Im just saying its crazy to believe if everyone were millionaire, everyone could afford what current millionaires can afford. I think the wealth assessment of few individuals is a systematic failure of capitalism. No individual can work enough that they should have a million times that of the average citizen. I think having certain variation in pay grade and wealth can be okay if it serves the best interest of the public and entices people to work hard. The economy would be driven by spending, yes but that spending would devalue money quickly. Also billionaires have most money in company shares, land etc, not liquid cash. Inheritance and wealth tax can do a decent amount to reduce inequality I believe. A good social safety net would also make the US a much better place for the average citizen.
People are just misunderstanding my argument. Although I don’t think violent means like mentioned here are the way to go. But what am I even saying we are in a shitpost community after all.
You don’t need to make everyone millionaires. You do need to give everyone secure access to food, housing and healthcare.
Yes, that is very reasonable and has been the standard in most developed nations for a while now outside the US. Although in the US it would quickly be decried as “communism” or whatever (ignoring the fact the US healthcare system is the most expensive in the world)
Sounds like a good thing
It’s worth it.