Think it alludes to things around if you have 5 million dollars you can live off it for the rest of your life. If you have 5 billion dollars you can buy a $500,000 house daily and never use a dollar of your initial 5 billion. (Assuming 5% interest). Creating a forever rich family that no one will ever have to work again. That interest all gets pulled from the lower & middle classes slowly draining them and in truth the 5B owner won’t be buying a new house daily, it will just rack up and maybe they will invest in a few other large companies. Until eventually you get a financial distribution that looks similar to what we have today. And it only gets worse unless you can tax in such a way that the wealth feeds back into those lower classes. A person with 20m dollars isn’t much of an issue. A person with 20b dollars can wreck an economic system over time.
The economic system is set up in such a way that rich eventually are taking food out of the poors mouths by breathing. Or not, in the U.S. we had an official state something along the lines of only a fool pays inheritance tax.
innumeracy. “Why would it help to have an intuitive understanding of large quantities? You think it would help grasp situations where they’re used or something?”
As a retort, why do we need to know this?
Think it alludes to things around if you have 5 million dollars you can live off it for the rest of your life. If you have 5 billion dollars you can buy a $500,000 house daily and never use a dollar of your initial 5 billion. (Assuming 5% interest). Creating a forever rich family that no one will ever have to work again. That interest all gets pulled from the lower & middle classes slowly draining them and in truth the 5B owner won’t be buying a new house daily, it will just rack up and maybe they will invest in a few other large companies. Until eventually you get a financial distribution that looks similar to what we have today. And it only gets worse unless you can tax in such a way that the wealth feeds back into those lower classes. A person with 20m dollars isn’t much of an issue. A person with 20b dollars can wreck an economic system over time.
The economic system is set up in such a way that rich eventually are taking food out of the poors mouths by breathing. Or not, in the U.S. we had an official state something along the lines of only a fool pays inheritance tax.
innumeracy. “Why would it help to have an intuitive understanding of large quantities? You think it would help grasp situations where they’re used or something?”
It’ll be related to wealth and net worth somehow. The internet is obsessed with distribution of wealth