It's a fantastic read. Great author. Great person. Once you see his ideas you will view our "economy" utterly differently and IMHO for the better.
https://www.amazon.com/Progress-Poverty-Industrial-Depressio...
Why is there so much poverty amongst all our progress? Georgism and land value tax. Essential reading IMHO and an enjoyable read also.
Take 5 minutes to read this, it articulates what the author failed to (and as a result reached a conclusion of little use):
http://www.socred.org/index.php/blogs/view/it-s-time-for-an-...
Think of the banks everywhere. They are today's churches. Big spacious lobbies. Stand in awe not at the creativity but at the sheer amount of high value real-estate they can waste.
The guy writing this article doesn't understand the wider dynamics at all. It's about money creation and the use of that to ramp land prices in order to compel everyone to hand over part of their labour.
As you note if you have money you can get more of it because you can leverage it. But that's only part of the picture.
I'd encourage everyone to read the above link and also Henry George "progress and poverty"
http://www.amazon.com/Progress-Poverty-Industrial-Depression...
http://www.amazon.com/Progress-Poverty-Industrial-Depression...
Progress and Poverty, by Henry George
> This classic work is an enquiry into the cause of industrial depressions and the persistence of poverty amid advancing wealth. Published in 1879, it was admired and advocated by great minds such as Albert Einstein, Winston Churchill, Leo Tolstoy and Sun Yat-sen in China. Henry George lived through a period of American history which witnessed the closing of the frontier, and he noticed the dramatic deterioration in the condition of labour once that happened.
Read it, it's great.
Prices are related to available credit. Wages (and rent) have hardly budged but land prices have rocketed.
https://www.amazon.com/Progress-Poverty-Industrial-Depressio...
Yet vanishingly few on hacker news wants to tax land, not labour.