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A trade between two parties is not a redistribution of wealth . If I buy a car for $10,000, then I now have a car worth $10,000, and the seller has $10,000. We
by nelsondev 6y ago
A trade between two parties is not a redistribution of wealth .
If I buy a car for $10,000, then I now have a car worth $10,000, and the seller has $10,000. Wealth was not redistributed, we’re both where we started.
- smolder 6y agoWhen the price isn't optimal, which it never really is, it's not an equal exchange of value. The typical tautology toted that if you spend X then it's worth X is just willfully missing the point that there's such thing as a bad deal. When you build bad deals into a system such that some group of people only has bad deals as options, you are able to extract wealth from them. That's what life is for many people -- a series of bad deals with no other options.