Oddbean new post about login | logout I too think income inequality is a big problem, just like a lib. But I believe hard money and free markets fix it, not bigger government, higher taxes and central planning.
True free markets have never been allowed in the feudalism to democracy eras. While the sheep quabble, the open source community builds the next world: Bitcoin + Nostr + eCash The future is bright 😎
All the while we've been engaging in Coasian side bargains to work our way to a truly free market. The free parts of the market will eventually win out and result in the creative destruction of even the most powerful criminals.
Income inequality in the USA is a direct result of intentional federal and state legislative efforts. When folks say ”I’ve worked hard and I’ve earned it” depending on the forum I’m in it’s worth mentioning the facts of how the road was paved for some and made obscure for others. This is not a “lib” perspective or ideology. It’s just the facts of the matter. Look it up. #DontTrustVerify https://youtu.be/2roWLzrqOjQ?t=308
Gov always seems to screw things up 😁
I don't think you can fix income inequality with anything. The poor will always be with us. That's why we have charity. The problem is state-run charity.
Nah it reduces from more than just charity. But yes state run handouts are a shitcoin.
I think we can make it more reasonable magnitude, more productive people should earn significantly more of course But people who just own assets that pump like crazy because of government monopolies and money printing and bailouts, we can fix I think (hope)
@Vanillasky #LOVELEADSv4v friend @faraz
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Yo sorry to interject and i agree with you but slight point of contention- Hawai’i is making new real estate almost every day. Is it really scarce? What about Martian real estate? Or Moon estates? Can’t technology unlock more of that asset? Is it really scarcer than bitcoin?
I agree it’s complicated, but i guess my point of contention is in the relative nature of scarce in this context. Sure, hospitable land is seemingly scarce when compared to inhospitable lands. But relative to the scarcity of bitcoin, I would suggest it is actually quite abundant. Whatever unit of land you want to use, it would seem more than 21million humans are able to have a single unit of hospitable land. DuckDuckGo AI says there are 11bilion farmable acres of land on earth, and my math suggests that’s enough for 1.375 acres per person. Much more than the .002625 bitcoin available per person.
