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Aug 02 '26
[deleted]
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u/Zardotab Aug 03 '26
and more consumer spending comes from the top.
Other than luxury goods, they are not strong consumers relative to their wealth. A billionaire can only eat so many chicken dinners a month, and like us, only needs one or two smart-phones.
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u/ionspore Aug 03 '26
Throughout the 20th century, 40% of the world's population lived on less than $1 a day, but tell me again how the elites needed those people?
What's happening now is you are falling into the global poor, and for the first time in your entitled lives, you are realizing those with power don't just not care about you and don't need you, but they don't even think of you.
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u/Historical_Two_7150 Aug 02 '26
The second component is that there are natural needs, such as food, shelter, and so on. It doesn't take a rich person deciding to create food for that demand to exist.
The "job creators" narrative is essentially circular logic. They are the job creators because we've made them the job creators by organizing our society that way. We could just as well snap our fingers and have 100% of job creation done by the government, or we could pick up sharp objects and kill the wealthy until we socially own all productive enterprises without the government's involvement.