These people are our future

[IowaSkinsFan]

BBC News - Cleaners 'worth more to society' than bankers - study

Not making a point, merely illuminating my basis for understanding. The people who do shit work for shittier pay lift the whole world upon their shoulders.

edit I guess I am making a point but would enjoy being shown wrong.

I'm wondering what exactly is meant by creating wealth and destroying it?

[a500lbgorilla]

I'm wondering what exactly is meant by creating wealth and destroying it?

This has been a sticking point for me as well. Talk radio keeps telling me that the rich create wealth and that gov't destroys it. I am decidedly confused on wealth entropy.

[wufwugy]

I'm wondering what exactly is meant by creating wealth and destroying it?

Not sure exactly how they're getting their figures, but overall, wealth is characterized by a myriad of factors like market indexes, wages, economic activity. What the article is basically getting at is that the return on investment garnered from things like product-less service-less speculative banking is negative whereas real product real service activity is positive.

A whole lot of "investment" banking (speculative ponzi banking is a better phrase) doesn't really do anything real, yet its size, due to deregulating mergers and caps etc, still has a stranglehold on the entire economy. Their destruction of wealth can be viewed as creating faux wealth, siphoning real wealth into their secret vaults, then releasing the faux wealth onto the economy. Which is pretty much what happened. Creating and destroying wealth happens all the time. If i find an oil field I've created wealth, if I burn down your house I've destroyed it