How did you prove that ownership of capital in terms of its valuation is not extremely heavily concentrated?
You only gave the statistics relating to the count of small business and jobs in them.
One business can be worth more than a thousand others.
I suggest you review statistics on wealth distribution in various countries. Learn how much wealth as a share of the total is owned by various cohorts, and investigate questions such as how many individuals own half the wealth.
Wealth distribution is something people who don’t understand wealth bring up. Elon has a lot of wealth. That doesn’t stop me from having lots of wealth.
People need to stop worrying about the billionaires and focus more on their own journey. I don’t use reddit, facebook, Twitter or any of that crap. If everyone stopped using them, a lot of the billionaires would vanish since it’s funny money.
Yes, the wealthy have more wealthy but that doesn’t stop you from having wealth. This is about as far as I get into any social media platform as I don’t want to give people like Zucker money.
When claims you previously made become challenged, instead of engaging the challenge, you dismiss the relevance of your own claims, by hurling meaningless and derisive assumptions.
You must feel quite strongly about your convictions, if you cannot defend them more effectively than by insultation.
Indeed. The narrative being presented is that people are shopping regularly, and obtaining most goods and services, at small businesses whose owners have listed their homes as collateral, in order to contribute generously to their communities.
It is a fantasy.
Neither the owners of big box retailers, or the owners of banks that are giving loans to new businesses, are “taking all the risk”.
Life is good if have hoarded capital, and the reason is because everyone else depends on it to survive.
Removed by mod
How did you prove that ownership of capital in terms of its valuation is not extremely heavily concentrated?
You only gave the statistics relating to the count of small business and jobs in them.
One business can be worth more than a thousand others.
I suggest you review statistics on wealth distribution in various countries. Learn how much wealth as a share of the total is owned by various cohorts, and investigate questions such as how many individuals own half the wealth.
Wealth distribution is something people who don’t understand wealth bring up. Elon has a lot of wealth. That doesn’t stop me from having lots of wealth.
People need to stop worrying about the billionaires and focus more on their own journey. I don’t use reddit, facebook, Twitter or any of that crap. If everyone stopped using them, a lot of the billionaires would vanish since it’s funny money.
Yes, the wealthy have more wealthy but that doesn’t stop you from having wealth. This is about as far as I get into any social media platform as I don’t want to give people like Zucker money.
Your are being evasive and dishonest.
I am not evasive at all. You’re not poor because Elon has billions. That is a tough cookie for some people to swallow.
If you want to end people like Zucker, stop using facebook. If enough people stop using it then he will lose billions.
When claims you previously made become challenged, instead of engaging the challenge, you dismiss the relevance of your own claims, by hurling meaningless and derisive assumptions.
You must feel quite strongly about your convictions, if you cannot defend them more effectively than by insultation.
Removed by mod
Economies of scale mean that Walmart out-competes local small business general supply stores, and the corporate profits are then taken out of the community instead of being spent locally. https://www.investopedia.com/terms/w/walmart-effect.asp#:~:text=Walmart’s%20insistence%20on%20procuring%20products,choose%20to%20sell%20through%20Walmart.
So one party having a lot of wealth absolutely impedes other parties accruing wealth.
You are being evasive and dishonest.
Indeed. The narrative being presented is that people are shopping regularly, and obtaining most goods and services, at small businesses whose owners have listed their homes as collateral, in order to contribute generously to their communities.
It is a fantasy.
Neither the owners of big box retailers, or the owners of banks that are giving loans to new businesses, are “taking all the risk”.
Life is good if have hoarded capital, and the reason is because everyone else depends on it to survive.