this post was submitted on 19 Sep 2023
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Work Reform

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[–] MrCharles@lemmy.world 0 points 1 year ago (1 children)

That... is a very...VERY BAD IDEA.

Billionaires have enough money to survive an economic crash without batting an eyelid. Do you?

[–] Maggoty@lemmy.world 0 points 1 year ago (1 children)

Most billionaires aren't billionaires in cash. If the market crashes, so do they. Now they might be reduced to "only" a hundred million or so but that can be catastrophic when your personal finances depend on billions in stock backing up a series of long term rotating loans.

They wanted to use the market to exploit the people. But that makes them vulnerable in a way rich people didn't used to be vulnerable.

[–] Gerula@lemmy.world -1 points 1 year ago* (last edited 1 year ago) (1 children)

Yeah, but that "catastrophe" you and I won't see it. We would have died already out of hunger or disease. You cannot survive only on hate itself.

Edit: typo

[–] Maggoty@lemmy.world 0 points 1 year ago (1 children)

Eh, when food gets scarce there's a few ways things can go. Usually the people in charge try to stop those kind of extreme events by handing out food. It's when there's a dust bowl at the same time that things get nasty.

[–] Gerula@lemmy.world -1 points 1 year ago (9 children)

Yeah, go ahead and think you can live on handouts from the rich and powerful, whose economy you're trying to wreck.

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[–] Dra@lemmy.zip 0 points 1 year ago (1 children)

The amount of well meaning idiots upvoting this who dont seem to grasp who actually suffers when this happens is depressing.

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[–] trailing9@lemmy.ml -1 points 1 year ago (13 children)

Controversial: how can illegal immigrants send money home but regular workers live paycheck to paycheck?

Rent would be cheaper if renters would unionize and wouldn't spend above an agreed on limit.

It's so hard to coordinate that only some workers can ask billionaires for better deals. Why? Why is not everybody ashamed that they cannot coordinate with their neighbors?

Roman's walked out of town once a year to remind the elite of their value. The west models itself after the Roman Republic but tries to skip on the hard parts.

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[–] intensely_human@lemm.ee -1 points 1 year ago (1 children)

Right, the economy isn't something that supports the life of all humans. Billionaires have yachts so it must only be working for them. And since only billionaires benefit from the economy, we can wreck it no problem. There won't be deaths from starvation and exposure, because food and housing aren't part of the economy we're going to wreck.

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[–] StopJoiningWars@discuss.online -5 points 1 month ago

The "economy" will exist whether it's a capitalist system or something else. Blaming the system is a stupid take when it's the actors within it causing the issues you complain about.

It's like blaming gravity.

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