is it false that billionaires make money? am i right or wrong? have i made a mistake in reasoning? wot u thnk?

Question

everyone 'knows' that billionaires make money, but is it true?
all the money stands for all the work - no wrk, no products, money worthless - twice the wrk, same money, money buys twice as much wrk [products, wealth] - but in transaction [exchange, deals, trade], the workvalues of the items HAVE to be diffrnt, ie x and x+y, so transactn HAS to be fair exchange no robbery [x for x] plus 'robbery' [=y]

y can be large - eg, monoply prices - eg, new technolgy [demand high, spply small [indstry gearing up]] - eg, land, whch is monopolistic, called by economists a right of private taxation, eg, close the commons, herd workers into cities, cheap labour - eg, preventing import of grain in famine, big profits - eg, making big farms instead of small farms to reduce output [small farms 16 times more productive, eg, china & sudan, 30 times agri. efficiency of usa]

billionaires are the effect of big y's, ie robberies

they own 1000s times more prdcts [gds servcs] than they create - no?

Answer 1

There are probably as many takes on this as there are humans alive who use money.

On on extreme are those who believe that there is no wealthy without a power advantage to extract money from those with less power. This can be anything from armed robbery to sale of the latest technology.

At the other extreme is the concept that a fool and his or her money are soon parted. Someone must be the receiver, so it might as well be some of the wealthy.

An often used counter question to yours is who knows better what to do with prosperity than those who have money and are used to using it?

Answer 2

You're missing the L formula in your equation. L stands for luck. The most powerful influence in life.