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While wealth creation isn't a zero sum game, certain important markets are zero sum. Housing is an example. If a bunch of founders make a pile of money, they c
by ripvanwinkle 7y ago
While wealth creation isn't a zero sum game, certain important markets are zero sum.
Housing is an example. If a bunch of founders make a pile of money, they can (and do) suddenly outbid everyone else (like say the school teachers and firemen) buy a bunch of land and build mega mansions that squeeze a lot of other people out.
The issue today is that the gains/rewards for certain ideas (at certain times) are disproportional to the actual utility to society.
An example of that is the contrast between Tim Berners-Lee's networth and Mark Zuckerberg's
- closeparen 7y agoLand is zero sum. Single family homes consistent with neighborhood character are zero sum. Housing is not.