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tigersfan1989
LSU Fan
Member since Oct 2018
784 posts

Where does wealth transfer actually occur?
So you work two weeks at work and get paid. You invest 10-20% in 401k and maybe some in a brokerage account. The money grows in the market. So your employer sold a service or product in exchange for your work and paid you some of the profits. So you turn around and go pay for goods and services and a company makes a profit off of you. A lot of people continually save for retirement or investments and it grows over time. Who is losing money at the cost of my gain? I’m accumulating wealth but at the end of the day where is it coming from? Is the money coming from lower income or highly materialistic people who chose to not save?
This post was edited on 3/1 at 6:45 pm


theunknownknight
LSU Fan
Baton Rouge
Member since Sep 2005
49870 posts

re: Where does wealth transfer actually occur?
Banks


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jimbeam
US Army Fan
University of LSU
Member since Oct 2011
70894 posts

re: Where does wealth transfer actually occur?
We just print more baw






Buy bitcoin


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160
GEAUXmedic
LSU Fan
Premium Member
Member since Nov 2011
40905 posts

re: Where does wealth transfer actually occur?
quote:

Who is loosing money at the cost of my gain?


IDK, but you lost at whatever elementary school failed you.


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TheDeathValley
LSU Fan
New Orleans, LA
Member since Sep 2010
13342 posts

re: Where does wealth transfer actually occur?
We just print money baw


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HempHead
Alabama Fan
Appalachia
Member since Mar 2011
52842 posts
 Online 

re: Where does wealth transfer actually occur?
quote:

Who is loosing money at the cost of my gain?


Wealth creation is not a zero-sum game. No one is necessarily losing anything by you gaining.


RogerTheShrubber
LSU Fan
Juneau, AK
Member since Jan 2009
192000 posts

re: Where does wealth transfer actually occur?
quote:

Is the money coming from lower income or highly materialistic people who chose to not save?


In our system wealth is created, not appropriated. It's literally created by value.
This post was edited on 3/1 at 6:46 pm


gthog61
Georgia Tech Fan
Irving, TX
Member since Nov 2009
71001 posts

re: Where does wealth transfer actually occur?
quote:


In our system wealth is created, not appropriated. It's literally created by value.



for a little longer I hope


RogerTheShrubber
LSU Fan
Juneau, AK
Member since Jan 2009
192000 posts

re: Where does wealth transfer actually occur?
quote:


for a little longer I hope


Yep. But I don't see it lasting in this environment.


WaydownSouth
LSU Fan
Stratton Oakmont
Member since Nov 2018
6231 posts

re: Where does wealth transfer actually occur?
quote:

Wealth creation is not a zero-sum game. No one is necessarily losing anything by you gaining.



Theoretically it should be.

If the US dollar was actually backed by something, there would be a set amount of money in circulation. The only way for it to increase would be to dig up more gold.

But its not so money doesn’t have to change hands in order for one person to become wealthy


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11
Brisketeer
Oklahoma Fan
Texas
Member since Aug 2013
1018 posts

re: Where does wealth transfer actually occur?
Why does someone have to lose for you to gain? It’s not a finite pie. Companies are constantly creating value and expanding the pie.


HempHead
Alabama Fan
Appalachia
Member since Mar 2011
52842 posts
 Online 

re: Where does wealth transfer actually occur?
quote:

for a little longer I hope



Even if our currency doesn't reflect it, in the end, all human economic endeavors tend towards gradual value added. You just might have a harder time sharing in those gains if you are a wage earner instead of a producer when the price indices and compensation go even further sideways.


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tigersfan1989
LSU Fan
Member since Oct 2018
784 posts

re: Where does wealth transfer actually occur?
If no one loses from my gain then where did my gain come from?


DabosDynasty
Clemson Fan
Member since Apr 2017
2663 posts

re: Where does wealth transfer actually occur?
quote:

Where does wealth transfer actually occur?



Government


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Screaming Viking
LSU Fan
Member since Jul 2013
2099 posts

re: Where does wealth transfer actually occur?
quote:

Where does wealth transfer actually occur?


Follow the 90% of the dollars in the “Stimulus Bill”. There is a reason billions of dollars are going to dozens of places that have literally nothing to do with Covid/stimulus/relief/etc.

that is the “wealth transfer” happening right in front of us. However, there are dozens of other examples of wealth transfer in this country.

Wealth creation is something totally different. Search that phrase, and get back to us.


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HempHead
Alabama Fan
Appalachia
Member since Mar 2011
52842 posts
 Online 

re: Where does wealth transfer actually occur?
quote:

If no one loses from my gain then where did my gain come from?



Theoretically, expanded human productivity. In reality, it's somewhere between that and monetary pumping of financial markets.


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MMauler
Member since Jun 2013
13318 posts
 Online 

re: Where does wealth transfer actually occur?


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IAmNERD
Auburn Fan
Member since May 2017
9945 posts

re: Where does wealth transfer actually occur?
Wut?


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kywildcatfanone
Kentucky Fan
Wildcat Country!
Member since Oct 2012
80094 posts

re: Where does wealth transfer actually occur?
quote:

Where does wealth transfer actually occur?


When we elect democrats


Brisketeer
Oklahoma Fan
Texas
Member since Aug 2013
1018 posts

re: Where does wealth transfer actually occur?
Value creation. Companies take existing raw materials and create products that have more value than the raw materials alone.


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