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TopicWhy do Americans worship rich people so much
JBaLLEN66
12/26/17 2:57:48 PM
#48:


r4X0r posted...
Godnorgosh posted...
Let me put it this way.

How does the fact that wealth grows entail that it's not zero-sum? Even if I grant you that wealth can be created, wealth as we know it is finite, and severe income inequality leads to an inability of many people to increase their own share. If you're living each month strapped by rent and other necessary expenses, you're not going to be the next Richard Branson (even the writers at the Ayn Rand Center admit that Branson needed money to implement his ideas). You're probably not going to be investing enough for even your own retirement. Wealth creation and investment are possible only for those who already possess it.


Please explain how Richard Branson being worth five billion dollars means you have less. Does Beardy Branson sneak into your house at night and steal money from your wallet?

I see nobody could understand the middle school level vocabulary used in the last link I posted, so I looked for something simpler-

http://capitalismmagazine.com/2017/11/wealth-creation-is-not-a-zero-sum-game/

Because wealth creation is not a zero-sum game. Those producing and trading goods and services for profit are not taking anything away from othersthe producers and traders are creating material values that would not exist without their productivity.

If I build a wooden bench and sell it to you for $50, you now have a bench worth $50 and I have $50. Wealth has been created. The size of the pie has been increased. That person has $50 less in money, but gains $50 in material goods. This is back to what I said about the difference between wealth and money. Am I getting through? I'm sorry, I'm having to reach back to 8th grade economics terminology to try and explain this to you guys.


This is a horrible explanation
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Him being greedy is a good thing. That means he'll want to spend less and help us get out of this debt. Gamefreak36
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