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by blhack 6216 days ago
You're assuming that wealth and money are closed systems.

They are not.

Money is just a universal currency that we all use for work. Do you want a new ipod? Well, apple doesn't trade in man-hours, they trade in dollars. So what you need to do is get a job with somebody that will trade you some of their dollars for your man hours (think of an employer like a currency exchange). Once you have exchanged enough of the currency you have (time) for the currency that the currency exchange (your employer) has (dollars), you can take them to apple and trade them for an iPod.

Apple then reverses the transaction. They take some of the dollars that you gave them, and trade their workers some of the dollars for some of their man-hours.

Dollars are just a common currency. The INPUT (making it a non-closed system) is work.

So no, by creating wealth, you are NOT simply robbing it from people. This is appropriately called "robbery".

There is a slightly longer explanation here:

http://www.gibsonandlily.com/cgi-bin/reply.cgi?thread_id=177...

1 comments

And what about the Capital Gain, the salary doesn't cover that. And what about the minority owning the majority of the money. The game is utterly rigged in favour of the powerful.
The game is utterly rigged in favor of the powerful

I want you to think about that statement for a while.

The game isn't rigged in favor of the powerful. The powerful are powerful because they have power. Because of this power they are able to influence things. Their ability to influence things makes them powerful.

It's circular.