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What's the endgame when the rich have all the money?
(lemmy.world)
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this post was submitted on 07 Jan 2025
306 points (95.5% liked)
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Money isn't finite, that's why billionaires and soon trillionaires exist. They couldn't ( or literally had to be an emperor) when money had a closer relationship to reality or was gold. Anyways, because of the nature of our currency now, the size of their pile has zero effect on the size of your pile. "No new cars, no tech gadgets, no fancy dinners, no vacations, no disposable income." not how it works. If you add up the 20 richest Americans, you get close to 2.7 trillion, which is the estimated amount of physical cash in circulation. None this shit is real. American national debut is 36 trillion. Ever saw an actual cash shortage? Like not a personal one, the money not existing to complete a transaction, like not being able to move cash you hold to another person because of lack of availability of signifiers? Not a thing anymore.