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Small-Scale Question Sunday for October 13, 2024

Do you have a dumb question that you're kind of embarrassed to ask in the main thread? Is there something you're just not sure about?

This is your opportunity to ask questions. No question too simple or too silly.

Culture war topics are accepted, and proposals for a better intro post are appreciated.

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someone will still be eating steak, flying around in personal jets and that someone will also lease you the flat, the car and the phone.

Most likely this will be a publicly-traded corporation, which means you can 'own' shares in the company (via your 401(k) or whatever) and thus the wealth won't inherently all accrue solely to the executives and such. Indeed, maybe everyone at this point only rents their property, but some people can afford to rent nicer property than others. Like there are 'tiers' of subscription models, and some people are in the diamond tier, but just as a rich person can't buy a better smartphone than whatever model is then-considered top of the line, they're not getting extraordinarily better service than you, just the best the economy has on offer, on demand.

Why would an extremely wealthy person want the hassle of owning a supercar or private jet, when they could, again, just rent one on the spot in any city they happen to be in?

What benefit does the private ownership actually convey to them in this scenario?

This sounds like an argument from either egalitarianism, or from human liberty, not sure which one you're couching it as.