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How do you reckon? Wealth can be created or destroyed. Relative wealth has to operate in a sea of transactions that can either create wealth, destroy wealth,
by clavalle 11y ago
How do you reckon?
Wealth can be created or destroyed. Relative wealth has to operate in a sea of transactions that can either create wealth, destroy wealth, or, very rarely, maintain wealth.
In such a frothy environment how does the wealth of one entity hope to balance against all other wealth?
- Terr_ 11y ago> > relative wealth is a zero sum game. > How do you reckon? ... Basic mathematics? By definition, there's only and always 100% of the current-wealth to subdivide. Never 101%. Your gain of +1% always means -1% somewhere else.
- reallydontknow2 11y agoWhat is your operational definition of wealth?
- TeMPOraL 11y agoThe key word here is "relative", not "wealth".
- clavalle 11y agoWealth is so dependent on circumstance that I don't think it makes sense to say there is a cohesive body of wealth to make up 100%. It is like saying you have 100% of the talent.