LogFAQs > #929861093

LurkerFAQs, Active DB, DB1, DB2, DB3, DB4, Database 5 ( 01.01.2019-12.31.2019 ), DB6, DB7, DB8, DB9, DB10, DB11, DB12, Clear
Topic List
Page List: 1
TopicDoes the existence of multi billionaires make sense?
legendary_zell
11/08/19 5:15:32 PM
#18:


To answer several of the posts after the ones I just quoted: I understand the mechanisms that allow them to gain that much wealth. The question is whether it makes sense as a measure of value or as a matter of societal functioning. Or even economic efficiency if that's all that matters.

Some people don't have enough and that leads to crime, poor health, poor economic productivity, you name is. Meanwhile, each additional billion for Bezos does little to help him or society, it just concentrates more power in his hands and creates a positive feedback loop. He's getting this money due to some strange definition of "value" that didn't exist until recently.

It just seems like if you were creating a system from scratch, no one would create this system except multi millionaires and Bezos and friends, almost no matter what principles you're starting from. That's what I mean when I say it doesn't make sense.
---
... Copied to Clipboard!
Topic List
Page List: 1