The distribution of wealth creates a distribution of incentives that behave dynamically. "fixing it at a single point in time" does more than you're saying. Al

The distribution of wealth creates a distribution of incentives that behave dynamically. "fixing it at a single point in time" does more than you're saying. Also, there are a number of asymptotic features of "total factor productivity" that are not favorable. The more oil you burn, the more expensive it is to burn oil.