@newman I don’t really think that’s accurate. It’s not like they’re working together to destroy society. They know society is on an uncorrectable path and they’re going to get theirs.
My realpolitik view is that extreme wealth doesn’t imply insight. In most cases the knowledge sits with the handlers, not the owners.
The worldview of a lot of people is stuck 150 years ago. They still think as if government makes up 5% of GDP in most countries, not up to 60%.
The world makes a lot more sense through that lens. The state inflates the currency, raising a basket of goods from $100 to $102, and if you bought that basket of goods last year and sell it this year, the government says "ok give me a dollar because you made a dollar" but in reality you didn't make anything, and you've got 99 dollars of buying power in terms of last years basket. So you need to beat inflation and the taxes on the inflation, meaning you need lots of profit to tread water, and you need more profit every year because the amount of dollars required to buy that basket of goods keeps ticking up too.
If the rich people aren't constantly chasing profits, then eventually their fortune will be leached away by government policies.
The world makes a lot more sense through that lens. The state inflates the currency, raising a basket of goods from $100 to $102, and if you bought that basket of goods last year and sell it this year, the government says "ok give me a dollar because you made a dollar" but in reality you didn't make anything, and you've got 99 dollars of buying power in terms of last years basket. So you need to beat inflation and the taxes on the inflation, meaning you need lots of profit to tread water, and you need more profit every year because the amount of dollars required to buy that basket of goods keeps ticking up too.
If the rich people aren't constantly chasing profits, then eventually their fortune will be leached away by government policies.
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