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thothless 2 hours ago

your first question was better.

"how does creating wealth hurt others?"

most of this "wealth" is not "created" out of thin air. nor created at all.

more like, transferred.

satvikpendem 2 hours ago | parent | next [-]

Wealth is a positive not zero sum game. It is not transferred except in the most literal cases like lotteries and casinos.

WalterBright 2 hours ago | parent [-]

Gambling is not a transference. The gambler is buying a chance to win money. It's an equal value for equal value.

Zero sum are things like taxes, where the government just takes it, or robberies.

satvikpendem 2 hours ago | parent [-]

In casinos you transfer your money to the eventual winner, a 1:1 transfer minus the house's cut.

crossbody 2 hours ago | parent | prev | next [-]

If your logic is right, people back in the Stone Age were all like Jeff Bezos with mega yachts and stuff... It all went downhill from then - the population has increased so much and everyone has gotten so much poorer :(

demritocracy an hour ago | parent | prev [-]

looks like a lot of wealth was created out of thin air about 6 years ago https://fred.stlouisfed.org/series/M1SL