That like saying the winners of the football league have hoarded all the points and therefore nobody can now score goals.
It's the playing of the game that matters. Not who owns the pitches.
You can't add points in a football game either. But the referee can.
We just alter the rules and carry on issuing points as required.
If you can imagine showing up to play a friendly football game against a rival high school and noticing they have 5,340,322 points already on the board because their families had been playing the game for decades, then you’ll start to really get it.
Every accounting period starts from zero. It's the flow that matters for this accounting period. Not how much you amassed from previous ones.
Football teams keep their players from previous seasons. They don't all go into a big hat and get redistributed to other teams just because they happened to be champions.
But we can change the rules and increase the handicaps.
- We collectively have created an economy that has generated spectacular amounts of wealth.
- A small group of people is hoarding the majority of that wealth.
- This is harmful to our society and needs to change.
- Arguments that we can't reduce inequality without destroying that wealth are factually and historically incorrect.