• gusgalarnyk@lemmy.world
    link
    fedilink
    arrow-up
    7
    ·
    22 days ago

    I would argue “the economy” can be a term to abstract away from the bottom line, the actual desirable outcomes. That’s housing for everyone, that’s good education, that’s thriving salaries. Given that every dollar given to a millionaire is a dollar not given to someone who needs it (assuming correctly that every society has people below the thriving line) then they are bad for the economy by definition.

    • trollercoaster@sh.itjust.works
      link
      fedilink
      English
      arrow-up
      2
      ·
      22 days ago

      The problem is that in the mostly used narrative, “the Economy™” is just one figure: The GDP. That’s how we got to systematically making the rich richer at everyone else’s expense in order to have a “good economy”.