this post was submitted on 25 Jul 2024
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[–] [email protected] 64 points 1 month ago* (last edited 1 month ago) (16 children)

The reason billionaires exist is because people like you and me are overcharged for everything we purchase so they can accumulate the surplus.

The reason why we don't do anything about it is because we evaluate that we get good value for our money in most situations.

What is that evaluation based on? Our past experiences...

But the only experiences we have to evaluate what our money is worth is us being charged enough that the rich people at the top accumulate an unreasonable amount of wealth.

We never have an experience where those leeches at the top aren't present to artificially inflate the price of things so we can actually realize how much we're supposed to be able to get for our money!

[–] [email protected] 47 points 1 month ago (4 children)

Overcharged and underpaid. They're dipping from both ends.

[–] [email protected] 6 points 1 month ago* (last edited 1 month ago) (2 children)

We wouldn't be underpaid if things were priced according to their actual cost because the actual cost of things is based on the low salary that people make!

[–] [email protected] 5 points 1 month ago (1 children)

Yet we produce more than ever per hour. So by that account either prices should decrease over time to reflect that, or our wages should be going up. :D

[–] [email protected] 3 points 1 month ago

Exactly, prices should go down over time as output increases for the same amount of labor!

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