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Its kind of sad how many people dont get this. Its like the first thing you learn when you study economics at any level.
@penny Its hardly something I accept at face value. The examples and arguments made are easily understood and it becomes common sense with even a little bit of time and understanding.
I gave specific examples in this thread already, feel free to add where you see holes in those examples.
@penny No money isnt finite either. Money is printed all the time and supply goes up as well as down. It tends to be on lab behind the wealth generation. As wealth is generated the value of the dollar increases, this is offset by printing more dollars. If you over print you get inflation, if you underprint you get deflation. But in the end money is no more a fixed quantity than wealth.
@penny That misses the whole point.. money like wealth is generated, and as such one does not need to take from someone else to be wealthy or have money, if they generate wealth over long term the end result is generating money
@penny being finite isnt the point, so no it isnt based on that. It is based on the fact that money and wealth are generated. The amount is finite, but it is not **fixed**, it is constantly created and destroyed.
I never claimed wealth inequality doesnt exist. Your arguing against something I never said now.
What there is is a distribution and limited amount of spending power which controls who and how wealth can be "generated", even if the wealth itself isn't "limited"
@penny Again your arguing a topic that is not what I am asserting..
You can have evil billionaires who steal from people and generate no wealth or money. You can also have billionaires who generate significant wealth and steal from no one.
The point is only that someone having more money doesn't mean you have less. It is not a pie, when one person has more it doesn't mean some had to be taken from someone else, it could be generated wealth (and thus money).
On the topic of if the billionaire we have are generating wealth or stealing it is a valuable topic to discuss, but not something I made any assertion on.
@penny I'm not ignoring your point. I am simply saying it is arguing against a case that I am not asserting either way.
But to address your point, it depends on the country. In the USA for example the majority of the top 500 richest people in the USA started as middle class or below. So clearly its not nearly as much of a closed club as people may think. With that said its hardly perfect. We absolutely need to make that easier for people, for example free education at all levels would go a long way to help leveling the playing field.
Wealth is limited, and finite, and it's power provided is a pie chart, by the nature of those who have it having the relative power to choose who will go on to be successful. Which is usually white middle class people as in that list. Though, I know most of those are lies by the fact that Bezos and Gates are listed as coming from middle class on this list
