Suddenly everyone has a shit ton more money and you think demand wouldn't go up?
Production would actually have to increase.
some may fall into rampant consumerism even more, but some (hopefully many) will come out of it because they have money and time for decent hobbies actually. so instead of buying tons of easily consumable crap stuff of every kind to pass whatever little time they have, instead they will focus on buying less but more decent of the stuff they are really interested in.
So people who have a piece of crap car wouldn't replace it? People who don't have a car wouldn't get one? People who rent wouldn't want to buy a house? People who never went on vacation wouldn't want to travel? People who have a phone that barely works wouldn't get a newer model? People wouldn't start eating actual food instead of eating the cheapest stuff they can find? People wouldn't get new clothes, a new TV, new appliances that actually work properly, go to the restaurant...
Wealth redistribution means people can now afford to live a comfortable life, that means them getting what they need to be comfortable.
Cars and phones? %90 percent of people already has one of those. Better income will mean people only moving to better quality ones and the production shifting in that direction rather than accommodating a large economic range as it is now. Homes? There are probably enough homes for everyone, maybe even excess. It is just that richer people own more and rent them out. So no net change in required number of constructions. Clothing? You must be kidding, it is produced in so much excess that it can probably support double the existing population. And again if people get better pay, they will mostly move towards higher quality and not necessarily more of the same quality. Same thing with food, you said it yourself. Production of crap stuff will just be shifted towards production of better quality stuff that people can afford.
It is only people who are at the very bottom like homeless or extremely poor whose consumption will substantially increase with a better economic situation but there can be enough room for accommodating that with better optimized processes and more automation. So much of the stuff you have counted is produced in excess and goes to waste that I am sure even that would be enough to meet increased demand if regulated properly.
Oh so you want wealth to be redistributed in rich countries only and poor countries can stay poor, ok got it 👍
you sound like a person out of arguments, good bye.
You're the one who can only think in relation to what the middle class is living now and not what the vast majority of the population in the world is living. Look at developing countries, we can see exactly what the transition looks like when people with little means finally have some wealth going their way and if you think there aren't people living in bad socioeconomic conditions in your own country then I invite you to get your head out of your ass for a sec and look around you, unless you live in Monte Carlo your peers are struggling, close to 80% of US citizens live paycheck to paycheck!
Suddenly everyone has a shit ton more money and you think demand wouldn't go up?
Production would actually have to increase.
some may fall into rampant consumerism even more, but some (hopefully many) will come out of it because they have money and time for decent hobbies actually. so instead of buying tons of easily consumable crap stuff of every kind to pass whatever little time they have, instead they will focus on buying less but more decent of the stuff they are really interested in.
So people who have a piece of crap car wouldn't replace it? People who don't have a car wouldn't get one? People who rent wouldn't want to buy a house? People who never went on vacation wouldn't want to travel? People who have a phone that barely works wouldn't get a newer model? People wouldn't start eating actual food instead of eating the cheapest stuff they can find? People wouldn't get new clothes, a new TV, new appliances that actually work properly, go to the restaurant...
Wealth redistribution means people can now afford to live a comfortable life, that means them getting what they need to be comfortable.
Cars and phones? %90 percent of people already has one of those. Better income will mean people only moving to better quality ones and the production shifting in that direction rather than accommodating a large economic range as it is now. Homes? There are probably enough homes for everyone, maybe even excess. It is just that richer people own more and rent them out. So no net change in required number of constructions. Clothing? You must be kidding, it is produced in so much excess that it can probably support double the existing population. And again if people get better pay, they will mostly move towards higher quality and not necessarily more of the same quality. Same thing with food, you said it yourself. Production of crap stuff will just be shifted towards production of better quality stuff that people can afford.
It is only people who are at the very bottom like homeless or extremely poor whose consumption will substantially increase with a better economic situation but there can be enough room for accommodating that with better optimized processes and more automation. So much of the stuff you have counted is produced in excess and goes to waste that I am sure even that would be enough to meet increased demand if regulated properly.
Oh so you want wealth to be redistributed in rich countries only and poor countries can stay poor, ok got it 👍
you sound like a person out of arguments, good bye.
You're the one who can only think in relation to what the middle class is living now and not what the vast majority of the population in the world is living. Look at developing countries, we can see exactly what the transition looks like when people with little means finally have some wealth going their way and if you think there aren't people living in bad socioeconomic conditions in your own country then I invite you to get your head out of your ass for a sec and look around you, unless you live in Monte Carlo your peers are struggling, close to 80% of US citizens live paycheck to paycheck!