Quote:
Originally Posted by sperbonzo
You have no idea what "wealth" or "value" means, or that it is not a Zero Sum game, do you..... There is NOT a fixed amount of wealth in the world. If one person has more it does not mean that someone else has less, (unless they are a government, and can take it by force). It is created by the creation of new products, or services, or the improvement of current ones, in a way which has value to others.
Never mind. If you don't understand these basic concepts, then this will take WAY too long to explain to you.
Best of luck with your life though!!
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it's not that hard to explain actually...
person A has an apple, person B has $1...
person B buys an apple from person A for a $1...
after that transaction, person A becomes financially wealthier by $1...
but in reality, both parties become "wealthier" in a sense that they both become better off...
after all, the transaction wouldn't have taken place if it didn't make both parties better off...
(person A values $1 more than an apple, while person B values an apple more than $1, so if they trade "wealth" gets created)
same logic follows when trying to understand how those evil billionaires got rich...