RE: Cryptocurrency: The Haves And Have Mores

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Economics will always be based on scarcity in that goods and services that are scarce will have more value. It's because this is not a 0 sum game that wealth disparity is not really the issue. Confiscate the wealth of the top 1% and it wouldn't do much for poverty and it would negatively impact the economy in other ways. Ultimately it would be counterproductive. Not only that but much of that kind of wealth exists in the form of corporate ownership, not mountains of gold or cash. The amount that you could reasonably confiscate and redistribute would be far less than their worth on paper.

Poverty is comparatively rare in first world countries and technology is a big part of that. Other parts of the world still need massive infrastructure and tech upgrades as well as the knowledge to make it all work. But until robots replace all labor, we will live in a world of relative haves and have nots. However, technology should make it possible for the vast majority of people to have their basic needs. We still have a ways to go though.



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We still have a ways to go though.

Yep.

Hopefully cryptocurrency is moving up closer at an increasingly pace.

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