The Wealthy Create Wealth

Everybody Wants To Share The Wealth But Not Share The Risk

“Question from an an-com: ‘free markets lead to tyranny’ Example: a land lady who owns several rental properties on a street, wants to buy another that has come up on the market. She doesn’t want to pay the asking price, so she puts “for sale” boards on all her properties, with no intention of selling them, just to depress the house prices in the area. The argument goes that people with capital, can use their economic power to build a monopoly.”

 

No individual or entity exists in a vacuum. An individual who attempts to falsely manipulate prices to the detriment of others will inevitably be exposed and word will spread. When this occurs, public slander and economic ostracism resulting in a tarnished reputation would punish anyone attempting such mendacity.

 

The idea that the wealthy harm the less fortunate and exacerbate their poverty is the perniciously self-destructive ideology of covetousness. It serves nothing and nobody to look to another man’s success and proclaim him not deserving of his wealth, if he has earned it in the market place through voluntary interactions. On the contrary not only has he legitimately earned his wealth, but he is thoroughly benefiting his community by his having acquired it.

 

The wealthy provide jobs to people around them, invest in large corporations and small start-ups, and provide the capital needed for entrepreneurs to take out a loan to open their business. The poor are genuinely helped by the wealthy that move next door. This is how opportunities are created. This is how standards of living rise. It is not the opportunities that improve a man’s life, but rather the smoldering desire to improve his lot through the sweat of his brow and painstaking dedication. The poor man must first make the choice to improve his life through his own perseverance. After that choice is made no force is powerful enough to stand in his way

 

 

The Wealthy Create Wealth – Steemit

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Monetary System/Economics Part 3: What Is Wealth?

my-wife-keynesian-she-spends-herself-out-of-depressions

The true measure of a civilization is the piecemeal accumulation of wealth that can only occur when peaceful individuals are able to trade and interact unhampered. Currency and money are not wealth. They are the conduits through which true wealth can be accessed and acquired. A pile of gold coins on a desert island is useless because they cannot buy anything of value. When there is nobody to trade with money becomes useless. Their function is apparent only when entrepreneurs create and innovate wondrous things that lift us out of poverty and raise the standard the living of humanity in very real ways. Take away the currency or money and people will use something else to trade in.

 

In order to destroy wealth one must destroy factories, medical technology, industrial machines, combine harvesters, tractors, excavators, 18 wheeler trucks, trains,  cargo ships, cars, computers, smart phones, houses, electricity, indoor plumbing etc. Do that and you will plunge humanity into a most abysmal and wretched dark age that no wanton conquerer in history has been able to achieve. The painful reduction in the standards of living of billions of people will be acutely felt as lifestyles become downgraded to that of the common folk of centuries past.

Technology is a tool that humanity has marvelously wielded to attain unprecedented levels of prosperity and comfort. It is the application of the faculties of logical deduction, critical analysis, creativity, and imagination that has placed human beings far above his animal brethren. The knowledge and wisdom procured by our forefathers is the most valuable treasure we have inherited. May your existence add to the heirloom wealth we pass on to our progeny.

 

 

I do not know what I may appear to the world, but to myself I seem to have been only like a boy playing on the sea-shore, and diverting myself in now and then finding a smoother pebble or a prettier shell than ordinary, whilst the great ocean of truth lay all undiscovered before me.

Isaac Newton, physicist and mathematician

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