The Creation Of Wealth

[dukkha]

Hello anatta,



I mow my own lawn. Nobody pays me. Nobody pays me to do any of the landscaping around my house. But in doing so, I build wealth because it increases the value of my home.

It is not the exchanging of money that creates the thing of value.

It is the work of creating that thing.

That is the essence of wealth.

Building value.

normal maintenance to maintain equity value isn't creating wealth

[Truth Detector]

The rich receive wealth, they do not create it

Really; how is that possible? Try to defend this fallacious assertion with some facts and reality.

[Truth Detector]

There is no such thing as "your" land

Yes there is. How did you arrive at the fallacious conclusion we do not have property rights in this country?

[Truth Detector]

The 3 F and 2 M of wealth creation;
Forestry, Farming and Fishing, Mining and Manufacturing.

Everything else is parasitical.

Ignorant and stupid; you've covered it all. Yay you!

[Truth Detector]

Retard.
The 5 industries I mentioned create all wealth.
All other industries I gave at least four examples but sales is another good example, simply suck some of the wealth out of the wealth stream as it passes by.

You don't realize YOU are the retard spouting such moronic stupidity. The only way morons like you can make such an asinine claim is to believe that the economy is finite. It is not, therefore, your emotional eruptions are false.

[Rune]

Ignorant and stupid; you've covered it all. Yay you!

Thanks for proving you have zero education in Economics, fat boy.

[Truth Detector]

The most asinine economic arguments I have ever heard is this notion that wealth trickles UP. This thread is a prime example of it.

The fallacy in most Marxist/Progressive liberal arguments is this notion that the economy is finite; therefore, in order for someone to have more, someone else had to give something up. These are false claims and arguments.

The second largest fallacy is the notion that the wealthy did not create that wealth, the Government had a hand in it. This too is a lie. When Steven Jobs created the personal computer, the Government did not have a hand in that, any more than when Bill Gates created the software that ran IMB computers.

Both had ideas no one else had done better, and the wealth they created increased economic opportunity, increased our prosperity, created quite a few millionaires and made us all much more productive.

The last liberal fallacy is this notion that workers create the wealth. Workers, because of what they do, do not create any wealth. That was created by the people who invented the products or services and risked the capital to build that business and hire the workers to get the work done the workers are carrying out.

The workers merely BENEFIT from the wealth the business owners created.

I want to touch on another element of this Marxist/Progressive lie about wages. There is no such thing as a "FAIR" wage. That is farcical and asinine. The key benefit of a capitalist system is that NO one is forced to work for less than they think they are worth. If you do not believe you are getting fairly paid, you can walk out and find a better paying job, get an education to find a better paying job or you can create your own business and earn the wealth such a risky endeavor provides.

The minute uneducated morons start demanding that politicians mandate wage rates and hand out free stuff, wealth and society declines. History is littered with the failure of Marxist/Socialist dogma.

[PoliTalker]

Hello anatta,

no what you are missing is that wealth creation is not a zero sum game within the US economy
making money off investing is still creating wealth - you might be a winner on a stock a Chinese player might lose. Money is shifted into our economy, and your bankbook . wealth is created in our economy and your bankbook

OK, you have a point.

Moving money can create wealth.

But that can't be the only wealth creation.

If everybody set out to do nothing but trade then nothing of value is created.

No products, so services.

Wealth created by simply moving money should thus be taxed at a higher level than wealth created by doing work.

[Truth Detector]

Thanks for proving you have zero education in Economics, fat boy.

I'll mop the floor with your dumb empty head on economics any day of the week snowflake. Where did you study business and economics asshat? Cal State Fullerton here.

Nothing worse than a know-nothing who presumes and engages with misplaced arrogance.

[Truth Detector]

Wealth created by simply moving money should thus be taxed at a higher level than wealth created by doing work.

NO one is making such arguments scarecrow. STFU already. You're a clueless leftist dumbass.

[Rune]

normal maintenance to maintain equity value isn't creating wealth

Wow.
You just don't get it, no matter how well it is explained, and it was explained very well.
I can see part of your confusion in that he mentioned mowing the lawn in the same paragraph with landscaping.

Mowing a lawn is just maintenance.

Landscaping is to create a landscape where none previously existed.

Landscaping is a PERFECT example of creating wealth and one of the tools I have used since it is easy and highly profitable. In my region the difference between a bare lot and a well landscaped lot is $50-75K. When I buy a property I buy bare. Then, casually, over time, I landscape it. This is good paying work. Being able to add 50K to my net worth for planting shrubs, some perennial flower beds and putting in a lawn is about the easiest money one can make. Note that the endeavor is also tax free as long as you buy another house when you sell.
Otherwise you would have to pay capital gains tax on the increase in value, but even then it is worth it. Like house building itself, landscaping comes under manufacturing since a product is created (a landscape) and it's value is higher than the sum of it's components and the labor to create it.
Hopefully this simple illustration is enough for you to understand the creation of actual wealth versus the extraction (parasitic) of wealth. One adds value, the other subtracts it.

I know this doesn't sit with your understanding of the GDP. but really, the GDP doesn't represent wealth created, but rather the total effort. In other words the GDP is a measure of both created wealth AND extracted wealth.

Clear as mud?

[Rune]

I'll mop the floor with your dumb empty head on economics any day of the week snowflake. Where did you study business and economics asshat? Cal State Fullerton here.

Nothing worse than a know-nothing who presumes and engages with misplaced arrogance.

Correct.
There is nothing worse than you on this forum. You are a fungi.

[Truth Detector]

Correct.
There is nothing worse than you on this forum. You are a fungi.

Irony coming from a low IQ dumbfuck who does nothing but troll the threads. Buy a mirror you pathetic whiny little vagina dunce.

[Rune]

Hello anatta,



OK, you have a point.

Moving money can create wealth.

But that can't be the only wealth creation.

If everybody set out to do nothing but trade then nothing of value is created.

No products, so services.

Wealth created by simply moving money should thus be taxed at a higher level than wealth created by doing work.

Close but not quite.

What noise can't seem to understand is that stock ownership is actually partial ownership of the company.

Most stocks ( admittedly not all) are manufacturing companies. Whether steel producers, Pharma, or even restaurant chains or homebuilders, all create value added products. Even supermarket chains create added value by
baking, butchering, and creating ready to eat and or deli foods. Stock owners are paid from the creation of wealth but also have the parasitic (extractive) expenses of brokerage fees and accounting, as well as possibly fund management.

[Rune]

Irony coming from a low IQ dumbfuck who does nothing but troll the threads. Buy a mirror you pathetic whiny little vagina dunce.

I guarantee my IQ is 25 points higher than yours.