Dr. Jill

[Jim in CT]

Originally Posted by Pete F.

So you think there’s no correlation between the two?

“ the rich are getting richer, and with inflation, the middle class is taking a serious beating. but we can’t talk about that.”
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no. to assume there has to be a connection, is to assume that wealth is finite, that it’s a zero sum game, that one person getting richer must get offset my someone else’s getting poorer.

do you believe that’s the case?
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[Pete F.]

Originally Posted by Jim in CT

no. to assume there has to be a connection, is to assume that wealth is finite, that it’s a zero sum game, that one person getting richer must get offset my someone else’s getting poorer.

do you believe that’s the case?
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Simply put, Wealth measures the value of all the assets of worth owned by a person, community, company, or country. Wealth is determined by taking the total market value of all physical and intangible assets owned, then subtracting all debts. Essentially, wealth is the accumulation of scarce resources.
Control of the distribution of resources enables some to accumulate an amount of wealth that is not commensurate with their investment or the commensurate risk of what they have invested.
This is achieved by political control of laws and regulations to ensure that the controlling parties risk is minimized and return maximized.
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[Jim in CT]

Originally Posted by Pete F.

Simply put, Wealth measures the value of all the assets of worth owned by a person, community, company, or country. Wealth is determined by taking the total market value of all physical and intangible assets owned, then subtracting all debts. Essentially, wealth is the accumulation of scarce resources.
Control of the distribution of resources enables some to accumulate an amount of wealth that is not commensurate with their investment or the commensurate risk of what they have invested.
This is achieved by political control of laws and regulations to ensure that the controlling parties risk is minimized and return maximized.
Posted from my iPhone/Mobile device

is wealth finite? is one persons wealth, necessarily offset by another persons poverty?

yes or no.
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[Pete F.]

Originally Posted by Jim in CT

is wealth finite? is one persons wealth, necessarily offset by another persons poverty?

yes or no.
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Wealth and control of the opportunity to accumulate wealth are two different things.

Just because wealth can grow does not mean all have the opportunity to take advantage of that and that some are not deprived within the current political system of the opportunity to gain wealth.


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Posted from my iPhone/Mobile device