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This part is true, and the folks who equate new borrowings with income are liable to do some real damage if anybody ever listens to them.

• worik 1y ago
  Totally and utterly wrong, a complete misunderstanding of capitalism Let me explain. Access to capital is key. If you have it you can do business, if you do not you cannot, in general terms There is more than one way to access capital, debt is very common. And to get rich you have to do business So if you are already rich getting more money, in a free market, is easier than getting started, in a free market That is the point, and one small example,e. This pattern repeates o er and over. Once you have money getting more money is much easier than getting the first money So in free markets the wealth divides tend to increase. This is very elementary, stage II economics
  • oh_my_goodness 1y ago
    I don't know who you're writing this to. You're not addressing any point I brought up.
    • worik 1y ago
      > the folks who equate new borrowings with income