"An imbalance between rich and poor is the oldest and most fatal ailment of all republics." ā Plutarch
is a meaningless tautology dressed up as profound wisdom
Discussion
well I was recently thinking of it as, āthere have always been really poor peopleā in societies. That has just always been a problem. Which is kind of crazy. That that problem can never be solved.
there will always be poor people, because if you don't have poor people, there won't be rich people. in that sense you're right, that "problem" will never be solved
there could be extremely rich people (taxed more), broad middle class (without inflation and rising costs of living as described in the Michael Green substack), but that there is always also the extremely poor group is a problem that should be fixed. So far itās never been, not even in one single country.
what does extremely poor mean? your fix is to take money from some people and give it to others?
āextremely poorā in the US and Canada has been described anecdotally a lot and also statistically, like in the Michael Green substack. There have been a lot of books written about it (ex: Nomadland, Down to This).
My comment was referencing the flawed and imbalanced US financial system. Iām wondering how Bitcoin will influence things.
Also wondering what the āpart 2ā will be about.
bitcoin is fair ā i am just curious how you would bring all people to agree what michael green defines as "extremely poor" and how you would argue that it is right to take from someone and give to someone else
bitcoin seems to be *more* fair. I donāt know if currently it is totally fair.
- it is not just Michael W. Greenās definition.
- I did not single-handedly invent the concept of taxes or proportional taxes
- a majority of people already do agree. Itās probably a relatively small subset of a$$hole billionaires and oligarchs that donāt āagreeā
you think the majority of people agree that it is okay to take money from someone? i personally wouldn't agree with that, i think it is wrong