zlacker

Normally, I’d be equally upset with excess but the fact that this is somewhat of a community building thing is actually refreshing to see from the wealthy (even if by community, it is just friends).

It’s mild in comparison to the ultra rich. Jeff bezos, Larry Ellison, and Elon musk have more wealth than half of America. That fact is what we should truly be upset about. In comparison this is a drop on the ocean.

>>redman+(OP)
Should we really be upset about that in particular?

It's not at all obvious to me that the more wealth they have on the top end the worse off we are at the bottom end.

>>Tabula+yX3
It’s about the amount of value a person can bring as a consumer. Does the consumption of food provide more value to society than the consumption of mega yachts?

More equally distributed wealth increases the efficiency of spending (to a point) on the things that society needs to thrive.

>>redman+8q4
Obviously more by a huge margin by consuming mega yachts. But that’s still pretty insignificant compared to the economic impact of the companies that they run, like Amazon, Oracle and Tesla.

Could you elaborate a bit on spending efficiency and how it relates to wealth distribution? I’m unfamiliar with that metric.