07-01-2010, 10:25 PM
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Leaner, Meaner, Faster
Industry Role:
Join Date: Aug 2002
Location: Vegas
Posts: 20,956
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Quote:
Originally Posted by woj
Can you clarify how wealth is created when nothing is "produced, made, created or worked for"? there are 3 parties, alice, bob, and charlie, all start off with $100...
then:
A gives $100 to B
B gives $100 to C
C gives $100 back to A
All end up with $100, just like they started, no useful goods or services were exchanged, money was simply moved around, where/how exactly was the wealth created?
If you move money around AND create some useful good/service while you are at it, then yea, wealth is created... but if you JUST move money around without creating anything I don't see how wealth would be created...
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Commodities trading.
Stock trading.
A few other things of that nature that make and lose fortunes.
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