In a drop that some economists are calling 'worrisome,' Canada’s labour market shed 84,000 jobs in February, one of the sharpest monthly declines seen outside the COVID-19 pandemic.
Yeah you are right, forgot about price ceiling part. Gov should be regulating lots of things compared to the situation now. Though infinite wealth cap is the main solution. It is like joining an online game 1 lvl where many players are 1000000+ lvl. The system itself is unfair and we need 100 lvl max
Well I’d just ask does the aggregation of nominal wealth affect you in any way. If Bill Gates has 800b dollars does that hurt you, is that money being taken from somebody else, even when the money supply grows at 8% because Bill Gates and other rich people dont spend any of it so inflation doesnt rise?
Yes? Redistribution, creating more jobs, social programs, positive effect on mental health. Inflation on what? Lets say meat becomes super expensive. Shop wont be able to extract all this wealth if progressive taxes eats it up then again distribute that and create med facilities, spend that on rnd, education. List goes on.
How do you think that would effect the economy. Assuming you liquidated Elon Musks Tesla stock it clearly will devalue Tesla stock as more stocks are sold off to fund consumption, which will deflate risky growth stocks far faster than consumer staple. Why would anyone then invest in AI, or Tesla, or anything risky that generates additional profit?
Maybe that wouldve prevented ai job disruption, ai bubble, building useless data centers that skyrocket climate change and at the end hiring drivers from philippines and call that AI self drive taxi
Yeah you are right, forgot about price ceiling part. Gov should be regulating lots of things compared to the situation now. Though infinite wealth cap is the main solution. It is like joining an online game 1 lvl where many players are 1000000+ lvl. The system itself is unfair and we need 100 lvl max
Well I’d just ask does the aggregation of nominal wealth affect you in any way. If Bill Gates has 800b dollars does that hurt you, is that money being taken from somebody else, even when the money supply grows at 8% because Bill Gates and other rich people dont spend any of it so inflation doesnt rise?
Yes? Redistribution, creating more jobs, social programs, positive effect on mental health. Inflation on what? Lets say meat becomes super expensive. Shop wont be able to extract all this wealth if progressive taxes eats it up then again distribute that and create med facilities, spend that on rnd, education. List goes on.
How do you think that would effect the economy. Assuming you liquidated Elon Musks Tesla stock it clearly will devalue Tesla stock as more stocks are sold off to fund consumption, which will deflate risky growth stocks far faster than consumer staple. Why would anyone then invest in AI, or Tesla, or anything risky that generates additional profit?
Maybe that wouldve prevented ai job disruption, ai bubble, building useless data centers that skyrocket climate change and at the end hiring drivers from philippines and call that AI self drive taxi
Well it just would be done elsewhere I think, and you’d be stuck doing low skilled labor as a society.