An asset appreciating in value does not deprive anyone else of money in their wallet.
If you bought a rookie baseball card for $5, the player had a great year and now the card’s worth $100, your net worth increased by $95. But who is down $95 as a result of your card becoming more valuable?
Nobody. Wealth is not zero sum. And the vast majority of increases in wealth among the wealthiest is newly-created wealth. You literally can’t become a billionaire in a human lifetime simply by short-changing your workers. A linear increase like that just will not get you there.
Also, wealth in the form of purchased investments into businesses that run within the economy, is literally the opposite of hoarding. If you buy things with your money, you’re not hoarding your money.
That’s not the gotcha you think it is. They get the shit end of the stick and if they ask for more they get shown the door and if people gang up and try to form a union the capitalist police state send goons to break it up because how dare the proles ask for more money.
There is a vast gap between “most people need to work for everyone in society to live comfortably” and “every individual needs their own personal income to survive”.
The point is that technology means a fraction of the population can feed and house the rest, and that fraction doesn’t need to live like royalty, and the rest don’t need to live in servitude for that exchange to happen.
Don’t you want others to enjoy your success with you? Apply that principle to all of humanity the world over, and you have what could be, if we just stopped waring over hoards.
Nowhere in your comment did you refute the fact that it’s currently not possible to have a society where no one has to work. There still has to be human labor.
I said nothing about the distribution of wealth or supporting our current system.
I don’t think even OP or OC meant that nobody would work. But “work” as we imagine it now need not exist. Most specialist roles are fulfilling enough that people do them enthusiastically and with passion. It would be first and foremost a worker lead economy, rather than people being desperate for jobs. Companies need to buy talent in a more competitive market instead, in all industries not just the specialisations.
I imagine there’s still a wealth hierarchy but it’s a lot less dispirate and follows meritocratic lines, including the merit of being willing to get your hands dirty doing dirty or dangerous work not currently possible to automate. And obviously being very talented at sport, music, art, comedy, etc such that people want to spend any excess wealth they have on supporting them or buying access to their content (like now).
It’s not so different from now, it’s just the continued progressive advancement of what we see in many
European nations already.
Someone still has to work for those things to be produced.
While I don’t disagree. there don’t have to be dragons hoarding all the wealth making us fight among ourselves to survive
An asset appreciating in value does not deprive anyone else of money in their wallet.
If you bought a rookie baseball card for $5, the player had a great year and now the card’s worth $100, your net worth increased by $95. But who is down $95 as a result of your card becoming more valuable?
Nobody. Wealth is not zero sum. And the vast majority of increases in wealth among the wealthiest is newly-created wealth. You literally can’t become a billionaire in a human lifetime simply by short-changing your workers. A linear increase like that just will not get you there.
Also, wealth in the form of purchased investments into businesses that run within the economy, is literally the opposite of hoarding. If you buy things with your money, you’re not hoarding your money.
but an asset appreciating in value off the back of another persons labor deprives the laborer of their fair share
Were they not paid for their time in a consensual agreement?
That’s not the gotcha you think it is. They get the shit end of the stick and if they ask for more they get shown the door and if people gang up and try to form a union the capitalist police state send goons to break it up because how dare the proles ask for more money.
There is a vast gap between “most people need to work for everyone in society to live comfortably” and “every individual needs their own personal income to survive”.
The point is that technology means a fraction of the population can feed and house the rest, and that fraction doesn’t need to live like royalty, and the rest don’t need to live in servitude for that exchange to happen.
Don’t you want others to enjoy your success with you? Apply that principle to all of humanity the world over, and you have what could be, if we just stopped waring over hoards.
Nowhere in your comment did you refute the fact that it’s currently not possible to have a society where no one has to work. There still has to be human labor.
I said nothing about the distribution of wealth or supporting our current system.
I don’t think even OP or OC meant that nobody would work. But “work” as we imagine it now need not exist. Most specialist roles are fulfilling enough that people do them enthusiastically and with passion. It would be first and foremost a worker lead economy, rather than people being desperate for jobs. Companies need to buy talent in a more competitive market instead, in all industries not just the specialisations.
I imagine there’s still a wealth hierarchy but it’s a lot less dispirate and follows meritocratic lines, including the merit of being willing to get your hands dirty doing dirty or dangerous work not currently possible to automate. And obviously being very talented at sport, music, art, comedy, etc such that people want to spend any excess wealth they have on supporting them or buying access to their content (like now).
It’s not so different from now, it’s just the continued progressive advancement of what we see in many European nations already.