Re: American wealth inequality

Starvin Marvin <smarvin@xxxxxxxxxxxx> wrote:

There are lots of analogies possible to make to illustrate the
problem, but the one of the Earth's water is as good as any: let's say
that money in the American economy is like the water available on
Earth. There is a finite amount of it.

Fundamental error #1.

Wealth is NOT a natural resource. Wealth is created every time trade
takes place.

Bill Whittle:
"Every time two people come together and trade, wealth is created. Out
of thin air. By magic. Every trade, every bit or work done by every
human on the planet increases the complexity and order of the whole,
and thus makes it more valuable. This is a rich subject, one we will
return to in a following chapter. But for now, suffice it to say that
if I, as a member of a hunter tribe, make great spears and crappy
baskets, and you, as a gatherer, make beautiful baskets and miserable
spears, then when we exchange my spear for your basket both of us walk
away richer.

Every trade, every transaction, increases the total wealth - for both
parties. In a primitive society, where there are at most a few score
connections among the people in that society, there is very little
wealth, and very little leisure. The simplicity of those connections
is plainly obvious. But how much more complex is Western
Civilization?"

Therefore, since your premise is false, the rest of this gibberish is
false.

<SNIP>


Whatcha think, Mike? Hmmmmmmmmmmmmm?

Well, I'm not the Mike you were addressing, but I think you put your
foot in it again, "Marvin".
.

Relevant Pages

  • Re: American wealth inequality
    ... but the one of the Earth's water is as good as any: ... Wealth is NOT a natural resource. ... And, no, it doesn't take place merely because trade occurs. ... innovation are created using less and less resources (material, manpower, ...
    (alt.smokers.cigars)
  • Re: American wealth inequality
    ... but the one of the Earth's water is as good as any: ... Wealth is NOT a natural resource. ... And, no, it doesn't take place merely because trade occurs. ... innovation are created using less and less resources (material, manpower, ...
    (alt.smokers.cigars)
  • Re: American wealth inequality
    ... but the one of the Earth's water is as good as any: ... that money in the American economy is like the water available on ... Wealth is NOT a natural resource. ... And, no, it doesn't take place merely because trade occurs. ...
    (alt.smokers.cigars)
  • Re: American wealth inequality
    ... but the one of the Earth's water is as good as any: ... that money in the American economy is like the water available on ... Wealth is NOT a natural resource. ... And, no, it doesn't take place merely because trade occurs. ...
    (alt.smokers.cigars)
  • Re: Some Indians Find It Tough to Go Home Again
    ... A good evaluation from an economist before the more recent opening to ... wealth through trade, including maritime trade to the extent that it is ... many indians living abroad. ...
    (soc.culture.indian)