Elon Musk fights to keep custody battle in Texas, where he'd only have to pay $2,760 a month in child support

return2ozma@lemmy.world to News@lemmy.world – 477 points –
Elon Musk fights to keep custody battle in Texas, where he'd only have to pay $2,760 a month in child support
finance.yahoo.com
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If you let all the wealth be collected by a few the system breaks down and all the money becomes worthless.

This is not how wealth works

An economy only works when a majority participates. An ideal economy has everyone participating.

You can do a basic thought experiment to figure this out. Imagine 10 people control $100 trillion. Everyone else controls $0. What do you think you'll be able to get for $1?

You might then say, "money isn't wealth." True. But if 10 people control all the wealth and everyone else has starved to death that's even worse.

I'm sure you have lots of fanciful imaginings of how economies work

My kid believes in Santa.

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