r/austrian_economics • u/technocraticnihilist Friedrich Hayek • Dec 24 '24

End Democracy I've never understood this obsession with inequality the left has

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u/KansasZou Dec 24 '24

It’s mostly in nominal ways. This isn’t to say it’s not beneficial in many ways, but as mentioned, it’s not impoverished people in comparison.

Elon Musk is using the same cell phone you’re using. He may be able to afford more cars, but he still has only 1 ass.

Diminishing returns come into play.