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2026-07-06 16:45:34 GMT
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Laeserin on Nostr: If they enter the primary economic market, they _also_ skew it. There is no way to ...

If they enter the primary economic market, they _also_ skew it. There is no way to spend highly-concentrated wealth without destroying market pricing _somewhere_. We can even see this in the US stock market, the largest financial market in the world. For example, if Apple buys back its own shares, its shareprice skyrockets and everyone tries to jump over and ride the wave up.

Also, many of the people spending the money charitably were not integral in earning it. They do not know how to run a productive business or are too old or infirm for it. They are attempting to spend part of their personal windfall before they die and it gets passed on to someone even further from the original source.
An example of such a case (in German) below. His grandfather sold a chain of stores and he's now effectively drowning in money he has no use for and that he would rather be rid of.

https://www.handelsblatt.com/finanzen/steuern-recht/reichtum-der-millionenerbe-der-die-millionen-nicht-will-03/100204748.html