(November 29, 2019 at 8:16 am)Dmitry1983 Wrote:(November 29, 2019 at 7:48 am)notimportant1234 Wrote: If everybody had billions of dollars then they will be the same as they are now, because the billions will lose all the value they have now.Wealth redistribution will cause destruction of society's net wealth. Average guy knows nothing about capital management
Maybe you wanted to say that if we would all produce soo much that it will look like we have billions of dollars, in which case you couldn't lose them. As a matter of fact, in that situation we wouldn't be speaking about money anymore.
Every single business transaction that's occurred since Og traded his best stick for Ug's berries has been an instance of wealth redistribution.
We seem to be doing OK so far.
Boru
‘But it does me no injury for my neighbour to say there are twenty gods or no gods. It neither picks my pocket nor breaks my leg.’ - Thomas Jefferson