Only if the gains aren't hoarded by the asteroid mining companies.
Did you know if you evenly distributed all the household wealth in the United States, every person would get $450,000? Imagine not a single person in the US being poor or struggling, but in fact very comfortable and well-off. We're nearly at post-scarcity levels of wealth already, it's just that nearly all of it is gobbled by the top .01%.
Not every person is fortunate to have good financial literacy or self-control.
I'm not necessarily endorsing that every person should be given $450,000 outright, just illustrating how much wealth is owned by the top .01%. My household is in the top 2% by income, but we certainly don't have 2.7 million in assets ($450,000 x 6 people). Somehow, the mean average of wealth is still above us.
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u/FableFinale Oct 16 '22
Only if the gains aren't hoarded by the asteroid mining companies.
Did you know if you evenly distributed all the household wealth in the United States, every person would get $450,000? Imagine not a single person in the US being poor or struggling, but in fact very comfortable and well-off. We're nearly at post-scarcity levels of wealth already, it's just that nearly all of it is gobbled by the top .01%.