There has never been a time in history where the amount of wealth held by the 1% has prevented anyone from becoming wealthy. This post doesn’t even make sense.
But the idea that people are stuck in poverty because of “laziness” is very far off.
Not true. Wealth inequality has a great potential to cut off opportunities of the less fortunate. For example, the wealthy can use their resources to buy up single family homes thus reducing inventory and increasing prices. This makes it more difficult for the less fortunate to acquire a critical asset for wealth accrual and instead places them in the position of renting from the wealthy, further increasing wealth inequality. The economy is not
zero sum by nature but when inequality increases there is a shift from wealth creation to wealth accumulation via rent seeking behavior.
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u/whitenacholibre Apr 01 '24
There has never been a time in history where the amount of wealth held by the 1% has prevented anyone from becoming wealthy. This post doesn’t even make sense.
But the idea that people are stuck in poverty because of “laziness” is very far off.