Re:Why Aren’t Rich People Happy With the Money They Have?
by hueving on Monday December 10, 2018 @04:14PM
(#18651212)
Economies aren't zero sum.
Fractional reserve banking means your 100 dollar example is wrong.
Additionally, someone who truly provides net positive social utility will improve the average persons life even if they make a bunch of money that was going to be spent elsewhere.
People spending money on magic cures for lung cancer from Phillip Morris is vastly different than people buying cigarettes from them, even if they are the same price.
Fractional reserve banking means your 100 dollar example is wrong.
Additionally, someone who truly provides net positive social utility will improve the average persons life even if they make a bunch of money that was going to be spent elsewhere.
People spending money on magic cures for lung cancer from Phillip Morris is vastly different than people buying cigarettes from them, even if they are the same price.