Like hypothetically if everyone with a net worth below $1,000,000 up and disappeared with their cash subject to seizure by those who remain, what happens?
“rich” is relative
Lower end becomes new poor and cycle continues lol. Plus half the population would die, so everything would collapse
They become the new poor
But in a big picture what happens to prices and economies? What does less people mean in conjunction with more concentrated money supply?
There would be only like 58.7 million people in the world.
they wouldn’t survive cause all the people that make their s*** aren’t there anymore
or most of those rich people become the new poor producers
The world would entirely collapse, considering all of its labor pool is gone and the rich have absolutely none of the skillsets needed to keep anything going in even a marginal sense (name one rich person who can farm)
And given their psychological conditioning after partaking in such a violent system of production, they’d tear at each other before they could get anything done
The concept of rich only exists if theres poor
Capitalism requires the exploitation of the poor by the rich
If theres no poor then theres no one to exploit
Someone gon have to do the low wage jobs
But in a big picture what happens to prices and economies? What does less people mean in conjunction with more concentrated money supply?
There would be only like 58.7 million people in the world.
The economy would suffer while the former rich learn to produce like the former poor did
But then things would slowly return to normal
Who's gonna build these buildings and maintain the agriculture if theres no poor people?
But in a big picture what happens to prices and economies? What does less people mean in conjunction with more concentrated money supply?
There would be only like 58.7 million people in the world.
economic systems and markets and trade relations do not exist in thin air. They're the result of complex conditions that are created by humans with material interest, and are upheld by the labor performed by these humans for the sake of their interests
the vaporization of this underlying support system means the entire global market will essentially vanish overnight. There's no need to have trade when basically all means of trade are now unfeasible, and even the most basic human needs may not be achieved
there would still be someone who's poor
Who's gonna build these buildings and maintain the agriculture if theres no poor people?
Technology would greatly advance. Robots would take care of it
Technology would greatly advance. Robots would take care of it
Who's gonna build the robots