Broken Window Fallacy headline, these folks are economic fools.
If you don’t know what I’m talking about, the following is required reading:
That Which is Seen, and That Which is Not Seen
by Frederic Bastiat, 1850
http://bastiat.org/en/twisatwins.html
Thank you for the timely reminder. Nothing learned in the last 160+ years. I taught Hazlitt’s version of this in my economics classes for years.
Beat me to it. Wealth is created by creating new wealth. Amazing how many people can't understand such a simple concept.