Comment by WalterBright
1 year ago
> Some wealth is just transferred, like rent or interest.
Both of those are an exchange, not a transfer. Taxation is a transfer.
1 year ago
> Some wealth is just transferred, like rent or interest.
Both of those are an exchange, not a transfer. Taxation is a transfer.
They may be an exchange, but they are not "creation".
We are arguing whether wealth flows to people who already have it, rather people who "create it". My augment is both.
An artist creates wealth by painting a beautiful painting. Then he exchanges that wealth for money.
At no point was wealth "transferred" to the artist.
McDonald's creates wealth by designing and building a system to deliver hamburgers. McDonald's then exchanges that wealth for cash from its customers.
BTW, who gives money to people who already have it? Not me. I doubt you do, either. I don't know anybody who does. The transactions are always exchanges - you are getting something in return.
I think perhaps you are discussing too many threads simultaneously. I'm fully onboard with Maccas and Artists creating something thus creating wealth.
Also, yes, transaction are exchanges. Nobody is arguing that. You pay rent and in exchange you may use the land (productively or not)
My argument is that people are forced to pay rent to people who didn't create anything, but because they hold a piece of paper that says they own it.
The argument is, did the person who owns the land "create" anything. My argument is no.
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