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The Rich Concentrate wealth, they don't "create" it

Reader comment on item: Why I Am Not a Populist

Submitted by Raul Marks (United States), Dec 9, 2019 at 17:41

Most of the rich concentrate wealth, they aren't actually creating money out of thin air. For example, Jeff Bezos has concentrated the wealth he has. That money was already in the circulation (ie the economy), its simply changing hands from old school retailers (Walmart, Target, Macy's, Nordstrom, etc) to Amazon. Thats not really wealth creation.

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Daniel Pipes replies:

So, who creates wealth, government bureaucrats?

Bezos has provided extraordinary retail services that the competitors you list did not; try Amazon's two-hour grocery delivery if you have not done so yet.

He has created efficiences and services that translate into wealth.

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Note: Opinions expressed in comments are those of the authors alone and not necessarily those of Daniel Pipes. Original writing only, please. Comments are screened and in some cases edited before posting. Reasoned disagreement is welcome but not comments that are scurrilous, off-topic, commercial, disparaging religions, or otherwise inappropriate. For complete regulations, see the "Guidelines for Reader Comments".

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