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> Every dollar in a billionaire's bank account is a dollar that could be in someone else's instead. This is not an example. Today the government can print more
by gretch 3y ago
> Every dollar in a billionaire's bank account is a dollar that could be in someone else's instead.
This is not an example. Today the government can print more dollars out of thin air. So no, dollars is not zero-sum.
Even then, dollars is only an approximation of value, the thing that really matters. And value is also not zero-sum because of technological innovation and the existence of waste. If we are smarter about how apply our resources, literally more people can have more, and no one has to lose. (One example is people in the US simultaneously being food insecure while the nation also has tremendous food waste).