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It's obviously not creating more wealth, rather it's redistributing that wealth into an arguably more efficient distribution.
by paulbaumgart 13y ago
It's obviously not creating more wealth, rather it's redistributing that wealth into an arguably more efficient distribution.
- dllthomas 13y agoIt's obviously not creating more wealth first order. If that money frees up demand that wouldn't have otherwise been expressed, and people providing for that demand would otherwise have been out of work, it can create more wealth. The degree to which that would happen is an open question, so far as I'm aware.
- paulbaumgart 13y agoYou're exactly right, I was sloppy in my phrasing. Greater efficiency creates opportunities for wealth creation.