While this is true, there is not a finite amount of wealth. The whole point of an economy is to generate new wealth and goods. Inventions and innovations.
This is a frustrating hand-wave that I've been subjected to for far too long. It's absolutely possible that there is a finite amount of wealth.
Moreover, even in an economy with positive growth, if a small fraction of individuals capture a large enough amount of the growth, wealth has effectively been capped for everyone else.
This is a frustrating hand-wave that I've been subjected to for far too long. It's absolutely possible that there is a finite amount of wealth.
Moreover, even in an economy with positive growth, if a small fraction of individuals capture a large enough amount of the growth, wealth has effectively been capped for everyone else.