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AZDuffman
AZDuffman
Joined: Nov 2, 2009
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December 17th, 2020 at 4:19:00 AM permalink
Quote: darkoz

That's why it's called transfer of wealth and not creation of wealth!



So you are saying wealth is never created? That there is a finite supply?
All animals are equal, but some are more equal than others
darkoz
darkoz
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December 17th, 2020 at 4:34:01 AM permalink
Quote: AZDuffman

So you are saying wealth is never created? That there is a finite supply?



What is your definition of wealth.

Most wealth is based on the control of finite items.

Gold, silver, diamonds, oil

All finite. All not something you can create.

People can create innovations that transfer wealth from one person to another.
For Whom the bus tolls; The bus tolls for thee
AZDuffman
AZDuffman
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December 17th, 2020 at 5:10:49 AM permalink
Quote: darkoz

What is your definition of wealth.

Most wealth is based on the control of finite items.

Gold, silver, diamonds, oil

All finite. All not something you can create.

People can create innovations that transfer wealth from one person to another.



Wealth would be money or anything of value that can be exchanged for money or other value.

If wealth could not be created then society would be poorer and poorer with each birth. Seeing as how much more we have now than even 50 years ago that is not the case.
All animals are equal, but some are more equal than others
darkoz
darkoz
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December 17th, 2020 at 5:40:38 AM permalink
Quote: AZDuffman

Wealth would be money or anything of value that can be exchanged for money or other value.

If wealth could not be created then society would be poorer and poorer with each birth. Seeing as how much more we have now than even 50 years ago that is not the case.



If your idea of wealth is simply money

And you believe money can simply be created

I suggest you research what happened to pre-Nazi Germany when they took that approach
For Whom the bus tolls; The bus tolls for thee
AZDuffman
AZDuffman
Joined: Nov 2, 2009
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December 17th, 2020 at 5:53:39 AM permalink
Quote: darkoz

If your idea of wealth is simply money

And you believe money can simply be created

I suggest you research what happened to pre-Nazi Germany when they took that approach



No need to research what I learned in high school.

You are getting this thread way off topic.

My point is we cannot hide out at home or there will be no wealth to survive off of. You seem to subscribe to we can print money and stay home, not me.
All animals are equal, but some are more equal than others
lilredrooster
lilredrooster 
Joined: May 8, 2015
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December 17th, 2020 at 7:17:33 AM permalink
China locked down completely after the initial Covid outbreak there -
they marginalized Covid
and now China is booming
some will undoubtedly say you can't believe anything China reports about Covid or their economy
there's some truth to that
but Beijing is a huge international city of over 21 million
if these reports were false I think other international sources would have exposed them as being false

the 2nd link describes a documentary showing China's initial total lockdown which many called "draconian"

at the time of this news story China reported 4,700 deaths from Covid while the U.S. reported 172,000 despite the fact that the population of China is somewhere about 4 times as large as that of the U.S.

please don't misunderstand my post - it doesn't mean that I favor China's harsh dictatorship - it was posted only to make a point about Covid


https://thediplomat.com/2020/11/why-chinas-economy-keeps-booming-even-after-covid-19/

https://www.nytimes.com/2020/08/21/movies/ai-weiwei-coronation-coronavirus.html



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Last edited by: lilredrooster on Dec 17, 2020
𝘣𝘦𝘭𝘪𝘦𝘷𝘦 𝘰𝘯𝘭𝘺 𝘩𝘢𝘭𝘧 𝘰𝘧 𝘸𝘩𝘢𝘵 𝘺𝘰𝘶 𝘴𝘦𝘦 𝘢𝘯𝘥 𝘯𝘰𝘵𝘩𝘪𝘯𝘨 𝘵𝘩𝘢𝘵 𝘺𝘰𝘶 𝘩𝘦𝘢𝘳.........𝖤𝖽𝗀𝖺𝗋 𝖠𝗅𝗅𝖺𝗇 𝖯𝗈𝖾
billryan
billryan
Joined: Nov 2, 2009
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December 17th, 2020 at 8:13:36 AM permalink
Evidently, some people simply don't understand that money doesn't equal wealth. They seem to think if you somehow get enough money, you are wealthy. In my experience people who think like that rarely get much of either.
SOOPOO
SOOPOO
Joined: Aug 8, 2010
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December 17th, 2020 at 8:24:44 AM permalink
Quote: billryan

Evidently, some people simply don't understand that money doesn't equal wealth. They seem to think if you somehow get enough money, you are wealthy. In my experience people who think like that rarely get much of either.

. Not sure I understand you... Are you saying the multimillion dollar lottery winner doesn’t become wealthy?
AZDuffman
AZDuffman
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December 17th, 2020 at 8:36:56 AM permalink
Quote: billryan

Evidently, some people simply don't understand that money doesn't equal wealth. They seem to think if you somehow get enough money, you are wealthy. In my experience people who think like that rarely get much of either. [/q

You are not understanding the terms. "Wealth" <> "wealthy." Creating wealth means creating value.

All animals are equal, but some are more equal than others
AZDuffman
AZDuffman
Joined: Nov 2, 2009
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December 17th, 2020 at 8:37:38 AM permalink
Quote: lilredrooster

China locked down completely after the initial Covid outbreak there -
they marginalized Covid
and now China is booming
some will undoubtedly say you can't believe anything China reports about Covid or their economy
there's some truth to that
but Beijing is a huge international city of over 21 million
if these reports were false I think other international sources would have exposed them as being false

the 2nd link describes a documentary showing China's initial total lockdown which many called "draconian"

at the time of this news story China reported 4,700 deaths from Covid while the U.S. reported 172,000 despite the fact that the population of China is somewhere about 4 times as large as that of the U.S.

please don't misunderstand my post - it doesn't mean that I favor China's harsh dictatorship - it was posted only to make a point about Covid


https://thediplomat.com/2020/11/why-chinas-economy-keeps-booming-even-after-covid-19/

https://www.nytimes.com/2020/08/21/movies/ai-weiwei-coronation-coronavirus.html



*





China is as believable as the USSR or Nazi Germany.
All animals are equal, but some are more equal than others

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