08-15-2018, 03:25 PM
(08-15-2018, 02:52 PM)michaelsean Wrote: I'm not claiming there aren't losers as there always are, I'm just saying there doesn't have to be a loser in order for wealth to be created.
There definitely does, but that's been my whole argument, so you knew I would say that.
We can go back to the stock market. For your stock to go up, someone has to have purchased a share of that stock for that price. Immediately, anyone that may have purchased a share at a higher price lost out and those that sold at a lower price lost out. Your stock value then matches that trade because the speculation is that your stock could sell for that amount.
(08-15-2018, 02:52 PM)michaelsean Wrote: Somehow we are far more wealthy today than we were in 1800.
Inflation.
(08-15-2018, 02:52 PM)michaelsean Wrote: And where do natural resources fit in? What if I find gold?
What if you do find gold? Whose property is it on? Your wealth may go up, but if the property belongs to someone else they have lost that. If it was your property, then the person you purchased it from lost out on it. If it was public property, then the whole country lost out on that value.
"A great democracy has got to be progressive, or it will soon cease to be either great or a democracy..." - TR
"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." - FDR
"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." - FDR
