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Just because some guy has $1B in his bank account doesn't create the "loser" on the other end. It's not a zero sum game. You can just remove this person and t
by YZF 8y ago
Just because some guy has $1B in his bank account doesn't create the "loser" on the other end. It's not a zero sum game. You can just remove this person and their money from the economy and you'd be back where you were. The homeless person would possibly be homeless even if that guy only had $2M in his bank account. If this money is invested somewhere then that can create some distortions (e.g. inflate stocks if a lot of rich people buy stocks). At any rate, just because some people are "rich" doesn't mean their money comes from the "poor" people. Everyone could also be poor.
That's not to say rich people shouldn't use their money to affect positive change but if they did that it's really just a bonus positive force. If they weren't rich where would the money to improve the community come from? Also if rich person gives every homeless person $2M to buy a house what do you think would happen to house prices? (not that homelessness is just about money, it's more complicated than that)