And a whole lot of wealth was created. Businesses became more efficient, people started on-line businesses, computer and tech jobs were created, and the economy boomed. Wealth was created, not taken. Wealth is not finite.
Wealth was not created. It was
redirected, which was possible only because it existed within the American economy. The same thing could not have happened in any other nation because the
finite wealth resource of other nations does not compare with ours. You bought your first computer only because you had enough money to redirect to that purchase.
The money you and I spent on our first computers was redirected from either savings or other objectives. It was
circulated to Microsoft. And
circulation is the pivotal factor in this discussion.
Circulation of money throughout a national economy is analogous to and every bit as important as is the circulation of blood throughout a living organism. The
hoarding of money (wealth) is comparable in its effect on a national economy to reduced circulation of blood through your arteries, veins and capillaries. It's a blockage. It reduces growth potential -- and it should not be permitted.
I'm not saying Bill Gates should not be permitted to accumulate wealth. But there needs to be a limit on the level of wealth any citizen should be permitted to remove from
circulation by hoarding it.