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Limitless wealth???? [1]

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Date: 2025-01-24

Limitless wealth???

Is it realistic that you can actually increase profits indefinitely forever without consequence even to the profiteer?

I am not an economist or any kind of financial expert or even a novice at that game but I do talk a lot.

First, what is profit? It’s actually, in my mind anyway, pretty simple: you get more out than you put in. In other words it’s like you spend a buck and get a buck and a penny back without accounting for the penny in any other way than to pocket it. That means, in essence, money spent for something worth a dollar just became a dollar and a penny somewhere, i.e. it got inflated. This assumes that the dollar charged already covered fees and services (those are not profit, that’s just saying the base value of the transacted “thing” was of less value than the dollar charged but we had to get the “thing” to you and you have to pay for that part too.

From a purely philosophical point of view to me, the real question is; does that profited penny actually exist? I mean we can go on forever in a discussion concerning what that original dollar spent even is. I certainly find it confusing. How can you tell me a dollar isn’t worth as much today as it was yesterday? Why do you then still call it a dollar and where the hell did all that extra value go? Again, from a purely philosophical point of view what the heck IS a dollar? We can go on forever about gold/silver/commodity/crypto standards etc. and maybe I’m a little slow but you will lose me pretty quickly. If you haven’t already concluded this or missed it up front, I am not an economist or any kind of financial expert or even a novice at that game. So I will stick with my probably just as questionable philosophical take on the matter.

What is a dollar and what is profit? Yeah you guessed it, in my opinion pure profit is pure whole cloth and makes the actual value of the exchanging thing (dollar) less in the end. Is that why the dollar is worth less today than it was yesterday? When does one not equal one? Every freakin’ day in terms of the dollar. Where did the difference go? Ask Elon, Jeff and Mark they have sucked it into a ridicules, mostly meaningless and valueless number attached to their bank accounts. They took it from the diminishing value of the dollar, from you and from thin air and they ain’t given it back. They actually can’t because most of it ain’t really there just like the difference between what a dollar was worth yesterday and what it’s worth today and what a toaster cost today as opposed to what it cost yesterday, it’s whole cloth. The piece of paper and the toaster are still the same. The only thing that actually gets bigger is that nonsensical, mostly fictitious number in the bank accounts of Elon, Jeff and Mark and it gets bigger as the difference between yesterday’s dollar and today’s dollar gets bigger. Maybe that’s a coincidence? If a dollar today is only worth 80 cents as opposed to what it was worth sometime in the past, that 20 cents is rattling around in some billionaires’ pocket. But I’m no expert.

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[1] Url: https://www.dailykos.com/stories/2025/1/24/2298907/-Limitless-wealth?pm_campaign=front_page&pm_source=more_community&pm_medium=web

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