2 ms·
your first question was better. "how does creating wealth hurt others?" most of this "wealth" is not "created" out of thin air. nor created at all. more like
by thothless 4mo ago
your first question was better.
"how does creating wealth hurt others?"
most of this "wealth" is not "created" out of thin air. nor created at all.
more like, transferred.
- satvikpendem 4mo agoWealth is a positive not zero sum game. It is not transferred except in the most literal cases like lotteries and casinos.
- WalterBright 4mo agoGambling is not a transference. The gambler is buying a chance to win money. It's an equal value for equal value. Zero sum are things like taxes, where the government just takes it, or robberies.
- satvikpendem 4mo agoIn casinos you transfer your money to the eventual winner, a 1:1 transfer minus the house's cut.
- crossbody 4mo agoIf your logic is right, people back in the Stone Age were all like Jeff Bezos with mega yachts and stuff... It all went downhill from then - the population has increased so much and everyone has gotten so much poorer :(
- demritocracy 4mo agolooks like a lot of wealth was created out of thin air about 6 years ago https://fred.stlouisfed.org/series/M1SL https://fred.stlouisfed.org/series/M1SL
- WalterBright 4mo agoA lot of money was printed, but that is not wealth creation.
- demritocracy 4mo agoif wealth is money in this context, and printing is creation in this context, what is the difference between printing money and creating wealth? the new money went somewhere. if i remember correctly it went indiscriminately to business owners, with no stipulations on how it was spent, and then blanket forgiven with no questions asked. to my mind that is wealth creation and the root cause of the inflation we've seen since (the printing not just the PPP)