Quote:
Originally Posted by aceventura3
When I talk about "real wealth creation", I am specifically referring to a process that results in a bigger "pie" as opposed to those who create personal wealth by taking a bigger slice of the "pie" at the expense of others.
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Quote:
Originally Posted by filtherton
Financial wealth is created via consumption. Current economic problems are rooted in a lack of consumption, not a lack of unallocated capital. The wealthy are having a rough go of it because non-wealthy folks can't afford to consume enough to justify more investment.
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More broadly, wealth creation is based on the consumption of goods and services, which are created by a combination of capital and labour.
What ace is referring to, I think, is economic expansion. But economic expansion isn't possible without basic wealth creation through the application of capital and labour.
Again, there is a distinction between some guy with an idea and being able to apply it. Applying ideas, inventions, new technologies require capital and labour.
This "real wealth creation" isn't created out of nothing. It's created out of resources and labour.
This is basic stuff. So if we can move beyond that, ace, what is your position beyond "taxes are bad" and "if rich people want all rich people to pay more, then they should just write cheques to the government instead"? Is there anything beyond that?
---------- Post added at 03:23 PM ---------- Previous post was at 03:21 PM ----------
Quote:
Originally Posted by aceventura3
I am entrench in my point of view, are you entrenched in yours? I am willing to let my point of views be challenged, are you? I try to explain what I am entrenched in and why, do you? Is being entrenched an inherent bad thing in your mind?
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Are these rhetorical questions? If not, you might want to be more directed with them. My points of view are subject to change.
Whether entrenchment is a bad thing depends on what is entrenched and the factors associated with it.