Row 68449

Row ID: 68449 | Dataset Entry | Axioma AXP Content Repository

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No, I am saying when you judge the world, when assessing inequality, when estimating if society runs optimally, when finding things that can be improved, don't even consider money at first, look at what happens.

Go find out who the customers of healthcare are. What about cars, is it only the rich that buys them. The mechanic, who benefits from their reparations. Who benefits from private construction and how many work on that? Who goes to the psychologist, only the rich? Who goes to the theatres? It's about who is the consumers of our work. This is the real consequential inequality.

Then after finding that out, you can consider how we can make monetary policies to push that in a better direction.

Here's another version of the butler argument. If one person hires a million people to make a super yacht, mega mansion or some ridiculous project. It doesn't matter that it stimulates the economy because at the end of the day, they are creating work that is essentially useless because it's only enjoyed by one person. Society will be poor because of that. A rich society is not rich because of a lot of money, it is rich because of a lot of good things for the people.

FieldValue
text No, I am saying when you judge the world, when assessing inequality, when estimating if society runs optimally, when finding things that can be improved, don't even consider money at first, look at what happens.  Go find out who the customers of healthcare are. What about cars, is it only the rich that buys them. The mechanic, who benefits from their reparations. Who benefits from private construction and how many work on that? Who goes to the psychologist, only the rich? Who goes to the theat…
label r/economics
dataType comment
communityName r/Economics
datetime 2024-05-23
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Raw Record

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  "text": "No, I am saying when you judge the world, when assessing inequality, when estimating if society runs optimally, when finding things that can be improved, don't even consider money at first, look at what happens. \n\n\nGo find out who the customers of healthcare are. What about cars, is it only the rich that buys them. The mechanic, who benefits from their reparations. Who benefits from private construction and how many work on that? Who goes to the psychologist, only the rich? Who goes to the theatres? It's about who is the consumers of our work. This is the real consequential inequality.  \n\n\nThen after finding that out, you can consider how we can make monetary policies to push that in a better direction. \n\n\nHere's another version of the butler argument. If one person hires a million people to make a super yacht, mega mansion or some ridiculous project. It doesn't matter that it stimulates the economy because at the end of the day, they are creating work that is essentially useless because it's only enjoyed by one person. Society will be poor because of that. A rich society is not rich because of a lot of money, it is rich because of a lot of good things for the people.",
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Entry Information