4 ms·
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 peopl
by 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