{"id":1758,"date":"2014-10-23T11:45:01","date_gmt":"2014-10-23T17:45:01","guid":{"rendered":"http:\/\/www.maxmarmer.com\/?p=1758"},"modified":"2016-03-05T18:42:29","modified_gmt":"2016-03-06T00:42:29","slug":"wealth-creators-wealth-extractors","status":"publish","type":"post","link":"https:\/\/www.maxmarmer.com\/blog\/wealth-creators-wealth-extractors\/","title":{"rendered":"Differentiating Between Massive Wealth Creators and Wealth Extractors"},"content":{"rendered":"<p>Knee jerk unfounded hating on the wealthy is really getting old, although I suspect that punching bag will only continue to get hit harder.<\/p>\n<p>Words of wisdom:<\/p>\n<p>Differentiate between those who are wealthy due to real societal value creation and those who have made their money thru nebulous or nefarious means. (i.e. Important Tech Companies vs. Exploitative Financial Companies)<\/p>\n<p>And if the former, <a class=\"_58cn\" href=\"https:\/\/www.facebook.com\/hashtag\/donthatetheplayerhatethegame?source=feed_text&amp;story_id=10203582442135708\" data-ft=\"{&quot;tn&quot;:&quot;*N&quot;,&quot;type&quot;:104}\"><span class=\"_58cl\">\u202a#\u200e<\/span><span class=\"_58cm\">donthatetheplayerhatethegame\u202c<\/span><\/a>. In our market based system some form of inequality is inevitable, especially as returns obey something close to a power law (aka the 80\/20 rule).<\/p>\n<p>The wealth being created by technology companies is a rising tide that will lift all boats. Thru technology average citizens increasingly gain access to things Kings and even Presidents never had (toilets, the internet).<\/p>\n<p>Thoughts for another time: Why basic income is probably prudent economic policy to account for the simultaneous increasing exponential returns of the tech industry and its wealth concentration, along with corresponding increases in unemployment due to tech industries products ability to cost-effectively eliminate jobs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Knee jerk unfounded hating on the wealthy is really getting old, although I suspect that punching bag will only continue to get hit harder. Words of wisdom: Differentiate between those who are wealthy due to real societal value creation and those who have made their money thru nebulous or nefarious means. (i.e. Important Tech Companies&nbsp;<a href=\"https:\/\/www.maxmarmer.com\/blog\/wealth-creators-wealth-extractors\/\" class=\"read-more\">Continue Reading<\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[34,45],"tags":[],"class_list":["post-1758","post","type-post","status-publish","format-standard","hentry","category-culture","category-economics","cat-34-id","cat-45-id"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Differentiating Between Massive Wealth Creators and Wealth Extractors - Max Marmer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.maxmarmer.com\/blog\/wealth-creators-wealth-extractors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Differentiating Between Massive Wealth Creators and Wealth Extractors - Max Marmer\" \/>\n<meta property=\"og:description\" content=\"Knee jerk unfounded hating on the wealthy is really getting old, although I suspect that punching bag will only continue to get hit harder. 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