Re:Jeff Bezos Is Now the World's Second Richest Person
by lawnchair_larry on Wednesday March 29, 2017 @07:20PM
(#13991517)
I don't think that's the entirely the case. True it's not zero sum, but it's not free either. There is absolutely wealth transfer. For example, if he were poor, many middle class Seattle residents would have far more purchasing power in their current real estate market. Amazon have expanded rapidly and transplanted most of the cogs who are building the Bezos empire.
The many displaced multi-generational residents of Seattle and San Francisco might not refer to this phenomenon as beautiful.
Bezos making billions doesnt mean that the money was taken from someone else in the sense that that person cannot have it anymore.
The opposite is also true. If he was poor it doesn't mean that I would have more money.
Value creation is a weird but beautiful thing.