Is someone else getting poorer when I make money?

Answer by Marc Hodak:

Take a look at this:

In 1950, the entire world had a total wealth of about $15 trillion (in 2009 dollars, as are all the other numbers mentioned here).

As you can see from the chart above, in 1950 the US had a GDP of about $2 trillion.  GDP is a measure of income (as opposed to wealth).  Today, US GDP has grown to about $17 trillion.

So, where did that other $15 trillion in annual income come from?  It could not have come from “the (99.999% of) people” because all the wealth in the world in 1950 equalled $15 trillion.  By the way, the rest of the world’s GDP is now about $77,000,000,000,000 ($77 tril), and its wealth is now about $225,000,000,000,000 ($225 tril.)

So, where did all of that extra $15 trillion in US GDP come from? When you answer that question, you will have the answer to yours.

Is someone else getting poorer when I make money?

About akiramorikawa

superconnection . pattern-recognition . iDesign
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