Redex

This is a genuine economics question, but would these kinds of things ever even work? In the sense that, billionaires hold a lot of money, yes, but they never use a vast majority of it. That effectively means that money doesn’t exist. Just pumping money into something doesn’t create people and resources out of which you can create products.

If we were to redistribute wealth equally, how much would that actually help people (other than land and housing since that would definitely help enormously)? Sure some of the production capacity would stop going to producing some of the extremely expensive and resource intensive products such as yachts and the like, but it’s not like rich people are buying 100s of ACs just for themselves. Shifting all of that production capacity to other goods I don’t feel like is going to lead to that many more consumer products for regular people.

My point (and my actual question/thought) is that it would definitely help a lot of people a lot, but I feel like by how much is overstated, and I feel like the percentage of wealth that the 1% holds doesn’t really matter as much as how the wealth in the rest of society is distributed (i.e. if the 1% were twice as rich but the other 99% had their wealth equally distributed, then that would almost be the same as if all of society had its wealth distributed equally)

Edit: Just to clarify, I’m not focusing on the part about whether it’s okay or moral for there to be people that are so much richer, I’m just talking about the practical consequences.

I think you misread the title.

Well this is gonna raise his chances of winning by a large amount

Why do people hate on Aribnb so much? I mean I don’t like what they’re doing to the housing market, yes, they’re inflating housing prices by reducing the incentive to sell, and there’s a housing crisis basically everywhere right now. But the product itself is quite good. It may be the largest one but there are still competitors, and the prices are typically far cheaper than a hotel. When I look at e.g. Croatia and the coastline, on Šolta for example you literally have a single hotel that’s wildly expensive, or short term rentals. I know I’d definitely never go for the hotel personally.

Also I don’t get the “tech bros solving nonexistent problems argument”. Like sure, technically you could do it yourself without the website, but that’s like saying that why would anyone make a flight aggregate site or Ebay. Those things are possible via other methods, but this makes it far easier.

Like I legitimately want to know what people’s problems are with the actual product, cuz from my perspective it’s pretty good. I agree that it perpetuates overarching problems like overturism or the housing crisis, but I’m talking about the app and service itself which a lot of people here seem to have a problem with.

I mean, what’s the problem with attached bottle caps? They’re pretty cool, and they don’t really get in the way.

Didn’t even see that one. Probably just a missclick.

The fact that X86 came after a full stop so his phone auto capitalised it.

Honestly, the worst part of the AI craze is that so many people hear AI now and immediately hate it even though it can really do some amazing stuff, e.g. in medicine. AI as a blanket term just has so much variance, there’s a ton of trash and a ton of great stuff.