Quote:
Originally Posted by dyna mo
do you really think it's a zero sum game?
and trickeldown works?
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yes, I would even say that with each new law / regulation / etc... the sum gets smaller, as new inefficiencies get introduced...
lets take Socks mom's for example: "I guess they had to refinance them by law"
So because of that new law, lets say his mom gained $500/month, investor lost $500/month, net sum = 0
BUT, to make the refinance process happen, probably 10 different people had to be involved in it... no productive work was accomplished, these people just wasted their time... it was just as productive as digging ditches, and then next day filling them back up...
