Yes, but the original post means "spending" as "making good use of if" or "putting it to a productive end". People betting money has very little effect on the w

Yes, but the original post means "spending" as "making good use of if" or "putting it to a productive end". People betting money has very little effect on the world. But consider the case where I pay you to be idle for an hour. I destroyed 1 hour of your labor, you got paid but we are not in any shape or form richer because of it. Or consider people attending a charity event. They pay to attend, then spent 1 hour having fun. After the event, they will have to in fact labor to provide the charity when the fund raising event starts to spent its money. There is no cheating nature.