[zongitsrinzler]

While I agree with much said, I believe there seems to be a flaw in how he groups wealthy individuals based on how they create wealth.

> In the real world you can create wealth as well as taking it from others. A woodworker creates wealth. He makes a chair, and you willingly give him money in return for it. A high-frequency trader does not. He makes a dollar only when someone on the other end of a trade loses a dollar.

In a market economy, people and companies are rewarded if the market sees the given service or product worth the price. The woodworker didn't create wealth out of thin air, and he gains wealth by taking it from the people that buy his wares. Same goes for a high-frequency trader, even though she doesn't build anything with her hands, the process of trading is seen as valuable by the market and if done well rewarded accordingly. The only groups that can "create wealth" are national treasuries which can print money.

[randomcarbloke]

Additionally he doesn't understand trading, just because they lost a dollar on a trade (likely on another index) doesn't mean they lost a dollar over all, they presumably listed the sell-order because that price is already itm.