John B wrote:
On Aug 5, 3:28 pm, wrote:
On Wed, 5 Aug 2009 07:14:34 -0700 (PDT)

MIG wrote:
No; bankers just take bets on other people's work. RMT members do
actually do a job (even if you don't like the way they do it) and
create the wealth that the bankers take bets on.
I'm sorry , is that some kind of joke, RMT members creating wealth? Since
when? Their pay comes from a mix of taxation and money from the public. How
is that creating any wealth? At least traders and bankers can do deals to
bring in money from abroad into this country by various means.

That's a ridiculous fallacy.

Imagine a private school that makes a profit, because parents are
willing to pay for its excellent educational skills: is that creating
wealth? (clue: yes)

I'm not sure of the terminology used in this kind of thing, but is the
school creating wealth, or creating the ability to create wealth?

--
Arthur Figgis Surrey, UK