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And a much larger percentage of that wealth was transferred to the engineers who worked on that project in exchange for their labor. The rocket itself represent
by quinnchr 13y ago
And a much larger percentage of that wealth was transferred to the engineers who worked on that project in exchange for their labor. The rocket itself represents a tiny percentage of the overall wealth transfer. So the majority of wealth was simply rearranged not destroyed, unless every single person who worked on the project puts every single cent they earned into a savings account never to be spent.
- mikeash 13y agoWealth is not money. Let me repeat that. Wealth is not money. One more time. Wealth is not money. Now, if you'd care to try your comment again with that in mind....
- quinnchr 13y agoI never once mentioned, or alluded to the transfer of money being the transfer of wealth, so if you'd like to try reading my comment again with that in mind... Also notice the part where I explicitly mentioned that if the money earned is never spent on good or services than the wealth is destroyed. Maybe try working on your reading comprehension before you decide to be a dick?
- mikeash 13y agoYes, I noticed where you said that wealth is destroyed if the money is never spent. Thus I concluded that you conflated money with wealth, because that statement makes no sense. Hoarding money in a savings account does not destroy wealth.
- quinnchr 13y agoWell then maybe brush up on your economic theory before rereading my comment?