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>Lift up as many people as possible. It’s a fallacy to think that there must be poor people. To illustrate this point, in our current era of the mega rich, we
by parineum 4y ago
>Lift up as many people as possible. It’s a fallacy to think that there must be poor people.
To illustrate this point, in our current era of the mega rich, we also have record low levels of poverty.
Wealth isn't a zero sum game. It's possible (but not always the case) for a billionaire to create more than a billion dollars of wealth for other people.
- int_19h 4y agoWealth is not a zero sum game. But it is not possible for one person to create a billion dollars of wealth for other people. What creates wealth is actual productive labor, not some kind of vision.
- parineum 4y agoIf one person creates a new process to make $3 widgets cost $2 and sells a billion of them, while paying his manufacturers $1 per widget, he made $1 billion dollars and each of their 1 billion customers are $1 wealthier.
- int_19h 4y agoWhat happens in practice is that one guy in a lab invents a new process in exchange for his paycheck, and then some very different guy in a suit gets to collect the money off that invention.