It's not a classical logical fallacy, but the Zero-Sum fallacy, when applied to money and wealth, is one of the most common fallacies around. We mention it often at Maggie's Farm.
It is a delusion commonly held by the economically ignorant - a delusion which Lefty politicians are never in a hurry to disabuse them of. We are fortunate that it is fallacious, because it means everyone can potentially have whatever degree of wealth they want without detracting from anyone else's.
Coyote re-posts his annual Wealth Creation and the Zero-Sum Fallacy.
Bird Dog has already commented on the Left's upside-down understanding of economics in which it is assumed that the rich gain their wealth only through taking from others. While this "zero-sum" fallacy usually arises in the context of domestic
Tracked: Jul 17, 11:20