alt Hacker NewsBecause if there's one thing billionaires should be scared of, it's billions of people suddenly becoming estranged from the economy. Having governments pump money into the consumer demand side becomes a no-brainer once you're faced with deflationary depression and mass unemployment. Your investors then get taxed to give UBI to workers to spend money to keep your sales up. It's probably the one form of wealth redistribution that on balance would actually benefit billionaires.
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That assumes a degree of forethought and worry about consequences that the current set of billionaires seems to be studiously avoiding - along with half of everyone else, near as I can tell.
They dont give a shit about angry masses. Nor is the angry mass a risk to them. They have money for arms.
Billionaires don’t worry. Not in the main.
We’re going through a series of ever record breaking heat waves where the only thing you can be sure of is that it will be worse next year.
They’re still pushing fossil fuels and blocking attempts to replace them with cheaper alternatives.
They’re too focused on who got the biggest yacht to care.