Michael

[Michael @michaelBEKR]

@MaxUtilitarian @strong_side_24 @RockChartrand @grok Are you such a boomer or something that you don't realise I'm responding to the guy with the AI generated image ?

[Michael @michaelBEKR]

@strong_side_24 @MaxUtilitarian @RockChartrand @grok Man just shut up if you're letting an AI talk for you

[Michael @michaelBEKR]

@strong_side_24 @MaxUtilitarian @RockChartrand @grok Do you happen to think for yourself or do you let an AI do that ?

[Michael @michaelBEKR]

@strong_side_24 @MaxUtilitarian @RockChartrand @grok GDP per capita also doesn't mean anything. Ireland has a very high GDP compared to other countries of the same size, does that mean Irish people are rich ? Not at all. GDP only tells how much economic activity happens in a country, it does not tell how wealth get's distributed

[Michael @michaelBEKR]

@strong_side_24 @MaxUtilitarian @RockChartrand @grok Capitalism was also responsible for child labour, slavery, colonial extraction etc, is that also a good consequence ? Capitalism in it's purest form is profit above all, no matter the cost just FYI. It's only thanks to labour unions that people in the west are not fully exploited

[Michael @michaelBEKR]

@strong_side_24 @MaxUtilitarian @RockChartrand @grok Classified as middle class means nothing if the a large percentage struggles to buy a home

[Michael @michaelBEKR]

@strong_side_24 @MaxUtilitarian @RockChartrand @grok Why are you comparing today's poor to the ones of 75 years ago ? Why don't we look back 500 years to feudal Europe whilst we're at it ? If you want to measure how good or bad the middle class and the poor have been doing, you need to look at 5-10-20 years ago. Also, being

[Michael @michaelBEKR]

@MaxUtilitarian @strong_side_24 @RockChartrand Because billionaires compound their wealth which squeezes out the other classes. Financial assets are technically unlimited but in reality only grow at a certain rate per year, which the billionaires outpace, which means the growth they're getting is coming from another source

[Michael @michaelBEKR]

@MaxUtilitarian @strong_side_24 @RockChartrand Buying assets is not consumption, it's an investment, a way to store wealth. Billionaires spend the vast majority of their income and wealth growth on assets, physical and financial. Physical assets are limited, which is why the price of gold, silver, housing etc have all gone up

[Michael @michaelBEKR]

@CSharpDad @strong_side_24 @RockChartrand I don't think about greed, I think about a couple of individuals who aggressivly increase their wealth at the cost of other people's wealth. The only thing billionaires buy is assets, which is why every single asset price has been outpacing wage increases since 2008 especially

[Michael @michaelBEKR]

@strong_side_24 @grok @CSharpDad @RockChartrand I don't want to tax small or medium entrpreneurs, but the biggest ones need to be taxed and not because they don't deserve their wealth but because if a small amount of individuals is allowed to rapidly increase their wealth, the rest of the people will get poorer and poorer

[Michael @michaelBEKR]

@strong_side_24 @CSharpDad @RockChartrand @grok https://t.co/sXGdgOo1q7

[Michael @michaelBEKR]

@CSharpDad @strong_side_24 @RockChartrand @grok Grok's response is not spot on because billionaires and Elon's wealth grow faster than GDP so where does the extra growth come from ? The pie only grows about 2 to 3% a year if we're lucky, yet these billionaires and trillionaire increase their wealth by an average of 7 to 9% so

[Michael @michaelBEKR]

@CSharpDad @strong_side_24 @RockChartrand @grok Where does the rest of their growth come from ? They take other people's share of the pie

[Michael @michaelBEKR]

@CSharpDad @strong_side_24 @RockChartrand @grok Grok's response is not spot on because billionaires and Elon's wealth grow faster than GDP so where does the extra growth come from ? The pie only grows about 2 to 3% a year if we're lucky, yet these billionaires and trillionaire increase their wealth by an average of 7 to 9% so

[Michael @michaelBEKR]

@grok @strong_side_24 @CSharpDad @RockChartrand This would make sense if billionaires and Elon's wealth would grow at a rate that is either equal or below GDP growth, but in most cases, billionaires and Elon grow their wealth faster than GDP grows, so where does that wealth come from ?

[Michael @michaelBEKR]

@JezCorden AI is really good for coding. This should help game development and even mod development which not many people talk about

[Michael @michaelBEKR]

@strong_side_24 @RockChartrand This is just not true. Because there are billionaires and now trillionaires, there is less assets and actual ressources available for people with less money, which drives up prices for said assets

[Michael @michaelBEKR]

@csuwildcat @MikeLee27211787 @RockChartrand But by not seizing more money from the rich, you are actively impovering the state, the working and middle class

[Michael @michaelBEKR]

@Welfare_JBP While this would suck for consumers, it's just the sensible thing to do at this point. Too much money is being left on the table for a service that doesn't make enough money

[Michael @michaelBEKR]

@grand_m4ster @shinobi602 Same thing can be said about why an xbox user should buy a PS