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Just a bit more wealth at the top. Gonna trickle down any day, now guys. No way they’d just hoard it as a measuring contest. No one is that juvenile, right?
I think this is less of a water in the dam situation and more of a candy in the piñata situation.
A whole lot trickles down once you kneecap 'em.
Kneecapping them would be unlikely to bleed them, I propose hanging and spearing them. Also I want to do at least one human sacrifice.
Crueler to keep them alive and make an example out of them. The kneecapping is just to "clip their wings", slow them down, and give them some pain they cant forget.
It used to be the excuse for qualitative easing that they'd invest it rather than spend it ("the velocity of money") but now they have robot armies, space programs, and AI data centers to blow the money on.
Some will trickle down alright, 10% trickle up and 1% trickle down. Be happy with your 1%.
So in other words... Billionares have become trillionares and the rest of us are... the same... which is really less off....
The way accounting works, if the money is going on to their books, it had to come off of someone else's. So the rest of us are not the same, you are correct, we are actually poorer, collectively.
Billionaires' accumulation of wealth is basically self perpetuating once they get to the point of being a billionaire. They can't possibly spend it all, so they invest anything left over, which gains more profits, which they invest again and so on.
They eventually run out of regular investments to invest in (see stocks just going up and up), so they move into investing in things like housing, which is why that bubble refuses to burst. Meanwhile, you can't afford to buy your own house because of the astronomical cost, and you're left renting your housing from the billionaire class who effectively own it, creating more profit for them. Even if you buy a home, you likely have a mortgage, with that money having been lent by... investors (see above), creating more profit for them.
Unfortunately, every dollar lent for anything requires an interest payment, which, if you know how that works (see "fractional reserve banking" to get an idea), forces money to be printed in order for there to be enough money supply to keep the whole system working. Printing money causes inflation, which lowers the buying power of any money you do have.
For regular people, that means we're collectively poorer.
For billionaires, they'd never notice the inflation, both because they already have more money than they could ever spend, and the growth is self perpetuating because they have no other way to spend it.
If you follow that out, obviously they'll end up owning absolutely everything.
But people have to eat, so one day, shit is going to hit the fan. The longer taxing billionaires heavily is delayed, the larger that shit storm is going to be. The people who are right now living in shantytowns, in their cars or RVs, are the tip of the iceberg.
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This doesn't even touch on things like shrinkflation (which is just another part of general inflation).
Some people might say "oh, fractional reserve banking is dead", but what they don't say is that the reserve part is dead, meaning the engine is now fully pinned instead of just red-lining.
The rest of us are the same?
The same as when? It'd be nice if for the rest of us it would be the same as a few decades ago, where the working class was still able to live comfortably.
It's not the same, the rich didn't become richer of their own merit. They squeezed and squeezed and squeezed the working class to make thei billions, while the poor get poorer and poorer and poorer.
It’s not the same, the rich didn’t become richer of their own merit. They squeezed and squeezed and squeezed the working class to make thei billions, while the poor get poorer and poorer and poorer.
Well, that's kind of what I meant by the last part but you can get the credit.
Imagine what the US could do if half the populace weren't morons that defend billionaires, while those same billionaires take shits into their cereal.
Ther hungry masses must be fed...the rich
Exactly as designed by the fucking rich