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by macco
4843 days ago
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> Wealth is produced. If there were a fixed amount of it, we'd all still be nomadic hunter-gatherers. Therefore, the gain of wealth is NOT a zero sum game. Sure, but if the 1%er have gains above average growth, they taking it from the rest. A simple fact, that has a lot to do with interest Tt doesn't make them bad people. It ist just a mathematical fact. The US have a big problem with wealth distribution (the biggest in the western world). The US has a higher GDP per capita then Switzerland, Germany, Austria, Netherland, Sweden, etc. Do you really believe the US has a higher avarage living standard? |
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So by your logic if the 1% of runners run faster than the average person, they are taking running speed from the rest?
I would suggest to rather see it this way: If they are making above average gains they are probably better at investing their capital than the average person, but also helped by the increased bargaining power of the amount of capital that they have.
> The US have a big problem with wealth distribution (the biggest in the western world). The US has a higher GDP per capita then Switzerland, Germany, Austria, Netherland, Sweden, etc. Do you really believe the US has a higher avarage living standard?
The USA has a much lower GDP per capita than most of those countries you have mentioned.