'Storytime' is great. I just love fables and fairy tales: The Ant and the GrasshopperDespite the "shit" I got for starting this thread is sure has led to interesting conversation. Story time.... there are two men, same age, same resources, same wealth - they each have 100 potatoes in the month of March or so. One consumes half the potatoes and plants and tends the rest, planning for a fall harvest, the other eats all of the potatoes, plans nothing and spends his time sun bathing and swimming in the local water hole. Fall arrives, the first guy reaps his harvest and has plenty to eat for the winter months and the other shows up at his door demanding half of his potatoes so he can survive the winter. Which of the two is "creating wealth" and which of the two is "destroying wealth?" Remember, both of them started with the same "wealth" in March...... BTW most rich people have created nothing and have only "gamed" the system - Senator Reid comes to mind.... Even Bill Gates had a lot of help as his mother was on the Board of United Way with the CEO of IBM. The father of John Kennedy made most of his money during Prohibition trading illegal alcohol. Joseph P. Kennedy, Sr. - Wikipedia, the free encyclopedia.
Such a simplistic way to understand a complex world and solve all our problems.
Maybe they should have read more fables and fairy tales.The example was two people starting with the same "wealth" at one point in history Brazil and the US had the same GDP - what happened, who were things different. Another example is the China and India both had more wealth per capita than the US or any other country at one point in history - what happened, how did things turn out differently?