@woozle In a more physics-based model, one could say that a sustained income inequality forms an event horizon, a surface through which money flows in only one direction, and never returns, even though the gravity of its accumulation warps the moneyspacetime at an increasing rate.

And once there's a sustained gradient of various money densities around a moneyspacetime's black hole (who, strangely, is usually a white arsehole), the same forces that drive different species of animals to optmise for different ecological niches entice different market actors to specialise on different layers of the money's flow into the sillionaire's coffins.

This fragments markets, and reduces its utility as the immoral price discovery mechanism that Smith and Bentham envisioned.

@woozle I’ve seen signs that this is already happening. Apparently the U.S. economy is propped up by the top 1/5 quintile of earners/wealth holders at this point.

@woozle Yup. That or just turn every corporation into a worker owned coop, and take all money away from the rich. I'm favoring my idea, but at this point, I'll take yours too.

@woozle

Except that's not something we see play out. Sure, some people print the name of their company on a brick and sell it to an idiot for $10K. But there are still many, MANY vendors and manufacturers who target the "lower end" of the socioeconomic ladder, including some of the biggest companies.

Which US company pulls in the most revenue? Not Amazon; it's Walmart. Do you think they're pricing their offerings for the "high end" of the range?

@woozle

UBI is the sure way to kill an economy.