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exactly how did this wealth increase made anyone poorer? no non-mad replies because it didn't

theknarf 10mo ago
There's a limited number of resources on the earth. There's limited farmland, limited land for property, commercial properties, etc. Then there is limited amount of water, precious minerals in the ground, oil, etc. If one group of peoples wealth increases a lot faster than everyone else then that means that over time they end up owning a bigger piece of our limited resources. The natural outcome of this is the same thing that happens in every game of monopoly, some people end up owning everything, while other people have to rent everything and have nothing to own of their own. Imagine being born into a world very everything (land and other resources) are owned by a small group of people and you have no outcome in life where you could ever own anything? Never buy your own house, never start and own your own company. A world where everything is divided at birth between the people that own this world and the people that don't.
estimator7292 10mo ago
Where did $2.2t come from? There are two options: 1. The money was taken from other people, through means and methods both legal and illegitimate. Those people have less money and are by definition poorer 2. The money was invented from whole cloth. Our money is fiat and we can simply magic more into existence. The rich people now have a peoportiobately larger share of both currency and real value. As new currency is created, its value dilutes. Poor people have the same amount of currency but can buy less with it. Therefore, poorer. Idiot
_DeadFred_ 10mo ago
They leveraged this wealth in a way that didn't require they pay taxes, yet gave them access to realize it's value, then used its buying power to bid against others in order to accumulate more resources that they can then use to accumulate more resources. Some of which they will rent to people that couldn't compete with their buying power.

There's a limited number of resources on the earth. There's limited farmland, limited land for property, commercial properties, etc. Then there is limited amount of water, precious minerals in the ground, oil, etc. If one group of peoples wealth increases a lot faster than everyone else then that means that over time they end up owning a bigger piece of our limited resources. The natural outcome of this is the same thing that happens in every game of monopoly, some people end up owning everything, while other people have to rent everything and have nothing to own of their own. Imagine being born into a world very everything (land and other resources) are owned by a small group of people and you have no outcome in life where you could ever own anything? Never buy your own house, never start and own your own company. A world where everything is divided at birth between the people that own this world and the people that don't.

estimator7292 10mo ago

Where did $2.2t come from? There are two options: 1. The money was taken from other people, through means and methods both legal and illegitimate. Those people have less money and are by definition poorer 2. The money was invented from whole cloth. Our money is fiat and we can simply magic more into existence. The rich people now have a peoportiobately larger share of both currency and real value. As new currency is created, its value dilutes. Poor people have the same amount of currency but can buy less with it. Therefore, poorer. Idiot

_DeadFred_ 10mo ago

They leveraged this wealth in a way that didn't require they pay taxes, yet gave them access to realize it's value, then used its buying power to bid against others in order to accumulate more resources that they can then use to accumulate more resources. Some of which they will rent to people that couldn't compete with their buying power.