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You seem to be under the impression that for one person to receive wealth, another has to lose it. That's not actually how any of this works and is an incredibl
by Tyrannosaur 9y ago
You seem to be under the impression that for one person to receive wealth, another has to lose it. That's not actually how any of this works and is an incredibly dangerous way of thinking.
- cannonedhamster 9y agoThis isn't a sarcastic reply, please define "wealth" as you mean it and prove that it isn't finite on a planet with finite resources, time, and manpower. How is wealth created and not then transferred from one person to another? If the wealthy get wealthier through either extracting resources from their workers or rent seeking behavior, where does the extra wealth come from? In fiat currencies, while dollars may increase, that doesn't mean wealth increases and in fact, inflationary pressures can mean someone is continually losing wealth if they aren't moving their money. So I understand the argument of wealth expanding, but I don't understand how it gets around the laws of physics.
- BadCookie 9y agoNothing about my comment assumes that the "size of the pie" can't grow. It can, and it does. But if the wealthy take all of the increase in the pie for themselves (plus more!), then the poor and middle class still get screwed over, and that is exactly what is happening in the U.S. For particularly shameful evidence that wealth in the U.S. is not being adequately spread around, see this article: https://www.theguardian.com/us-news/2017/sep/05/hookworm-lowndes-county-alabama-water-waste-treatment-poverty?CMP=share_btn_tw https://www.theguardian.com/us-news/2017/sep/05/hookworm-low...