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Then I will posit this: There is a maximum amount of US dollars in the world at any one time we measure it. We shall call this A. The wealthy 1% own .1A . That
by TheAmazingIdiot 15y ago
Then I will posit this:
There is a maximum amount of US dollars in the world at any one time we measure it. We shall call this A. The wealthy 1% own .1A . That leaves, by simple averages that 99% can only have .9A .
US Dollars are being made at X per hour. This 'wealth generation' devalues the preexisting currency forcing money to follow this formula
A => A+X
The value that A was before is now what A+X has to be. Anybody who owned A before wealth 'generation' now owns less.
Yes, I would call our system zero-sum for increasingly small amounts of capital. It is only when you can bypass the marginilization of X is it not zero sum.