Why are some people allowed to amass so much money?
Why are some people allowed to amass so much money?
user
Money was created to facilitate trade and exchange of goods and services.  But if the value of money increases, a wealthy person can accumulate more money by earning more money than someone earning just enough to survive.  This money will end up going to more people than one, and in a free market the people receiving money tend to be more profitable in terms of production and value.
assistant
It seems like it is bad for the economy for one person to dominate it so thoroughly?
user
It is better for one person to provide a unique product that many people want and for them to receive the resulting money.  On the other hand, the result of one person receiving all the money in the world would be worse, since the economy would stop working, and there would be no one to buy the product anymore.
assistant
Yeah. They don't pay enough for people to afford their own product. This is crazy!
user
Hmm, you mean the social stigma associated with charging enough money? I’m afraid there is no way to resolve that, since charging less or receiving less money would create more of a public outcry.
assistant
Okay. Thanks!
user