Poor people just need to learn how to poop money too.
The problem is compound growth favors incumbent wealth. The relative gap will always grow even if everyone is investing in the same etfs.
This drives inflation which disproportionately affects the poor, as we have massive amount of capital gains chasing production of goods that haven’t followed the same compound growth (we see this manifest in stats like almost half of consumption is driven by top 10%).
It’s gonna get to the point where you can try to do everything right as even upper middle class, and still not afford staple goods. At that point, heads WILL roll. But the rich are trying their best to employ contingencies like AI/drones to secure their greed.
![Do it for them [@themokumentary]](https://lemmy.world/pictrs/image/731a2f08-e61b-440b-b029-d0e62ae45681.jpeg){kind=link}
The problem is compound growth favors incumbent wealth. The relative gap will always grow even if everyone is investing in the same etfs.
This drives inflation which disproportionately affects the poor, as we have massive amount of capital gains chasing production of goods that haven’t followed the same compound growth (we see this manifest in stats like almost half of consumption is driven by top 10%).
It’s gonna get to the point where you can try to do everything right as even upper middle class, and still not afford staple goods. At that point, heads WILL roll. But the rich are trying their best to employ contingencies like AI/drones to secure their greed.