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> The reason is that the true wealth of the world isn’t a number on a spreadsheet — it’s a bunch of real, physical stuff. This is correct. World wealth is the
by mglz 2y ago
> The reason is that the true wealth of the world isn’t a number on a spreadsheet — it’s a bunch of real, physical stuff.
This is correct. World wealth is the amount of ressources made usable by humans through work. The economy is the production of those ressources plus moving stuff around (via logistics or virtually). The debate about siezing rich people's wealth is about how the ressources are allocated and who has the rights to decide upon their use. And there is a good argument to be made that an extreme concentration in the hands of very few is not efficient.