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Originally Posted by Baraka_Guru
Well either your term doesn't work (i.e. it doesn't make sense) or you're using it wrong.
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Doesn't make sense? When I talk about real wealth creation, how can that possibly not make sense?
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If I had to define real wealth, it would be essentially a definition of economic growth. You know, the collective impact of a bunch of guys with ideas getting some capital and spending it on labour and other things necessary to make a profitable business out of it.
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You appear to be confusing different terms and concepts.
Real wealth creation is one thing. Economic growth is another. Profitable business is a third...
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You seem to want to attribute all the credit to the guys with the ideas.
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Wrong. What I attribute to the idea guys is real wealth creation. There is much activity required for sustenance/replacement type economic activity. Or even economic activity required for inherent population growth. Again, we are simply on two different plains. You read into what I write things that are not there and you appear to miss things that are obvious to me. I don't know how to better communicate with you. When I try various approaches, realizing the problem I am having, I am met with flipness or ridicule. This amazes me because at least I understand that there is a problem and that I am partially to blame.
---------- Post added at 06:11 PM ---------- Previous post was at 06:05 PM ----------
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Originally Posted by Derwood
ace, the only reason to ever create new jobs is if there is demand. right now, there is no demand, because the economy is in the shitter. no amount of tax cuts for the rich or corporate deregulation will create more demand. thus, they won't create more jobs
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Wrong. In some circumstances you have to anticipate demand. In some circumstances you create demand and not simply respond to it.
If people are free to innovate they will, it is the nature of man. The process requires a level of freedom for contemplation. If a system is over taxing or if people do not have this freedom because of more basic demands, like food/shelter/defense of self or property, innovation will not occur. If person A works and all they can do is pay taxes, and buy food and shelter - that person will never be able to innovate or make a better life. Taxation has consequences.
---------- Post added at 06:15 PM ---------- Previous post was at 06:11 PM ----------
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Originally Posted by Lindy
Not bloody likely in the USA. The squeeze the rich crowd would scream bloody murder because the rich would be getting a tax cut.
When demand is low, it is hard to find good investments. I have a fair amount of cash on hand that I would love to invest but haven't been able to find anything that offers enough upside to offset the risk. So I've been keeping the cash on hand and paying down debt, but don't have much more to pay down.
Lindy
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One of the reasons you can not find good investments is because they are not accessible to you. simply because some unsophisticated (this is a technical term in investing) investors have lost money, governments response has been to over-regulate limiting the options of sophisticated investors. It literally takes millions for an "idea" guy to pitch an idea to the public in order to raise capital.