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for instance, when people are really wealthy, the fact that they have money means they have a higher ability to make more money more easily than those without money. Like, though investments and stuff like that (a person with $1,000,000 can easily make $2,000 in one day at the stock market, whereas a person with $1,000 could only easiy make $2...). And other examples are banks that use things like fractional reserve banking to use the fact that they have money to make more money. Is there a term for this characteristic of money (the charactersitic of how having money makes money)? Or is it something that does not have a name. I know it's a wierd question and a little vague, but I think you get what I am asking.

2006-10-22 16:10:20 · 6 answers · asked by Anonymous in Social Science Economics

6 answers

IT CALLED GOP--GREEDY GET RICHER................

2006-10-22 16:13:04 · answer #1 · answered by cork 7 · 0 0

it is called legal theft

note that 'money makes money' HAS to mean that the person doesnt make the money [or else there is no meaning to 'money makes money'] - & if the person doesnt make the money, other ppl have to make the money [because all money is made by work - no work, money's value is zero - money is backed only by products of work, fruits of labour - twice as much product-making, with same amount of money, means money buys twice as much product - all the money = all the work - nth of the money = nth of the work]

when money makes money [better to say: money RAKES money, ie the extractive economy, not the productive econ] the person gets money without working, & yet the money buys goods made by work - so money makes money HAS TO mean money steals money, ie the moneyowner gets goods without working [overpay], which means others have to get working without money [underpay, wageslavery, slavery]

[in previous ages, possibly more awake & aware of evil consequences, money making money was regarded as an obscenity, a perversion, an obvious injustice, an unhappiness-maker, a destroyer of order, an enemy]

there are only three ways to get money: by work, by theft & by beggary - if the workers/makers of money get so little, it is because the thieves & beggars [the rakers, the legal thieves] get so much

it is extraordinary inexplicable that the ppl cannot see that SOMETHING is very very very wrong, when income [increase of fortune] is so wideranging [$1, to $1 BILLION /fortnight's work] & work is so narrowranging [the average person works over 50 hrs/wk [2 bn homemakers work 70-90hrs/wk], so the hardest worker CANNOT work more than TWICE as hard as the average [& probably works much less than twice as hard] ]

[&, if we pay tertiary students for studying, there are NO REASONS for higher than average pay/hr - arguments for higher pay/hr for risk, responsibility, skill, experience, talent, brains, muscle, beauty, gifts, hard work, perseverance, dedication, extraordinary abilities, love of job, etc are all full of very big holes]

there HAS to be an enormous amount of LEGAL THEFT - including 'money makes money'

but ppl seem to be unable & even UNWILLING to realise it - although realising it wd give 99% of ppl another $70,000/yr of their earnings back, make 100% of ppl 100 times happier, & destroy almost all violence [war & crime], tyranny & undemocracy

see my other answers for proofs

2006-10-22 23:47:21 · answer #2 · answered by Anonymous · 0 0

You have to have money to invest into something else that makes money. Yes, it also applies to compounding interest too.

If you don't have the money for a stock, you can't buy one. If you don't have the money for art, you can't buy art that increases in value fast.

If you don't have money to buy a business, you can't make money off the business... and so on.

2006-10-22 23:22:53 · answer #3 · answered by Anonymous · 0 0

its basically called compounding i believe, having money that will roll over to make you more money, which will do the same and in turn keep going until you die.

2006-10-22 23:19:31 · answer #4 · answered by Anonymous · 1 0

IT TAKES MONEY TO MAKE MONEY. IT'S A OLD SAYING. BUT A TRUE SAYING.

2006-10-23 00:53:07 · answer #5 · answered by imjudyk 2 · 0 0

investment.
profit.
or so.

2006-10-22 23:22:03 · answer #6 · answered by prince47 7 · 0 1

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