Is there a benefit to racism?

[*michaelsean*]

(08-15-2018, 03:25 PM)Belsnickel Wrote:  

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.

 

Inflation.


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.

 In the stock market, someone may have lost in the trade and someone won, but I also won and I didn't sell so it's a net increase in wealth. So can we say wealth can be created disproportional to the losses incurred?

edit:The land I found the gold on was given to my great great great great great grandfather by a Shawnee whose ancestors lived on the land for 1500 years for saving his life. That land has been passed down until today. And if you tell me the Shawnee lost out due to his act of kindness I'm coming down to Appalachia.