Originally Posted by
noise
not just income but equity, like stocks, buying houses to rent - monies in the bank.
go buy some jewelry -and innate object of wealth. sell it and get cash..goods and services..
start a business - invest. Money gets loaned from the bank -banks make money and reinvest.
It is not the "moving of capital" that defines wealth. Like the house one buys to rent out, the wealth is in the home itself, and what the market determines is its value. The renter actually pays for the house creating wealth for the homeowner. In return the renter receives a place to live. So you have an exchange of one component of wealth creating wealth for another, by the income it generates.
You gotta get the idea that moving money ( like a dynamic economy) produces wealth.
If one is to accept that concept, and I am not disagreeing with it, then even socialism creates wealth. It is just a more balanced (equal) form of wealth which is where you fall short in your ideology.
Russia has vast holding of land - some of it not mined/used...is it wealth? no. not until it becomes part of a market
Are you actually trying to say that if one wanted to buy that land it has no value until it is sold, and placed on the market?
"2Timothy 3 "But know this, that in the last days perilous times will come: For men will be lovers of themselves, lovers of money, boasters, proud, blasphemers, disobedient to parents, unthankful, unholy, unloving, unforgiving, slanderers, without self-control, brutal, despisers of good, traitors, headstrong, haughty, lovers of pleasure rather than lovers of God, having a form of godliness but denying its power. And from such people turn away"
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