2026-09-25 05:29 UTC
Replies (1)
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@9point6@lemmy.world 2026-09-25 08:40
it’s funny money Well this is a pretty dangerous and thought terminating lie you have told yourself. Billionaires make more money than you will in a lifetime every single day without lifting a finger from asset value growth. In aggregate, they have to buy stuff with that money or it loses value. Their lifestyle costs are less than a fraction of a percent of their income. This happens without them doing a thing because wealth management organisations effectively automate this process for them. The stuff they buy is assets. Like land, infrastructure, debt, businesses. Because they need to buy it to at least keep the value of their portfolio, they will pay more to outcompete those with less. This causes prices of everything to rise across the board. Houses and property being the most immediately obvious, but food comes from farm businesses on land. That’s all going up too, just like everything else. Year on year, the percentage of ownable stuff in the world (which is not infinite) owned by a handful of people increases, leaving the percentage available for everyone else shrinking, causing accelerating price increases from both ends, as the people with less fight amongst themselves to buy ever dwindling resources. The mere existence of billionaires is a threat to your way of life. They know this, that’s why they are all also pumping money into anyone who says the problem is actually immigration. Because if they make that noise loud enough, they can prevent something being done to stop them for long enough to finish taking everything from everyone else.