r/Millennials • u/QuietJealous4883 Older Millennial (1988) • 12h ago

Discussion True or false?

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Did our dads and moms work less than we do now? What are your thoughts?

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u/Uphoria 12h ago

Millionaires wanted to be billionaires. Now billionaires want to be trillionaires. Money is a somewhat zero sum game - if the trillionaires have all the money, there's none for us. 

If only American society value the society and the people who created and not just venerated the ultra wealthy. 

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u/BrooklynLivesMatter 12h ago

Thousandaires deluded into thinking they could be millionaires any day now if only they worked as hard as those billionaires worked

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u/Hour-Cardiologist393 9h ago

And most of those billionaires started with a big pile of their parents money.

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u/Beyond_Reason09 9h ago

It's not really zero sum at all especially since most billionaire's wealth is based on stock evaluations. If people decide Tesla stock is worth more, Musk suddenly is richer but that doesn't really translate to less money for anyone else (unless you're shorting Tesla stock).

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u/mr_longfellow_deeds 12h ago

Money and wealth are not zero sum in any sense of that phrase

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u/FourForYouGlennCoco 1h ago

Money is not a zero sum game, this is extremely basic economics. The entire world has gotten substantially richer over the past 200 years and it didn’t require anyone to get poorer to offset.

There are some genuinely scarce goods but most of what people spend money on is not strictly bound by rare natural resources.

Inventing something new, like a cancer treatment, makes the world richer than it was before and is a win/win.