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Question Of The Day: Is Wealth Created Or Merely Transferred?

MarkB

MarkB

New Member
Staff member
Is wealth created or merely transferred?

For every winner is there a loser to balance the equation?

Interesting topic................
 
Businessman

Businessman

New Member
Firstly, you'd have to define "wealth" and explore whether what you're measuring is actually of any real practical worth.
 
MarkB

MarkB

New Member
Staff member
If we use a base definition of wealth - net assets including cash.
 
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Businessman

Businessman

New Member
Then your problems start with FIAT currency - which, as I hinted the other day - is the equivalent of some weans playing monopoly, exhausting the cash in the set (which should by the rules be 'game over') but choosing to delay bedtime by scribbling their own notes in crayon on some scrap paper... and we;'ve seen much of this in the past decade or so, though it's been going on for generations.

Illusory "wealth" on those terms is 'created', though its relevance to anything anyone actually needs to survive and flourish is denuded. It's also transferred between the special bairns that aren't excluded from the game.

If you had the choice between 2 Acres of land in a quiet peaceful place where nobody would ever bother you, some basic education and hand skills, and some bricks, mortar and seed but little or no money.. Or a job for life on average wages (bearing in mind that they wouldn't buy you an 'average' house these days, or an 'average car') - which would you take?

And before anyone answers that one... Consider the nature of 'wealth' and who creates it for whom, and what good it does.
 
Businessman

Businessman

New Member
Personally, I'd say positive social impact (meaningful jobs created, genuine alleviation of under employment and poverty etc) and on a human level peace of mind, personal security and good mental health.
 
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