How to Create Wealth

#1

Post by blueintegral » Wed, Nov 20, 2019, 6:12 PM UTC

How to Create Wealth
hscott.net

Re: How to Create Wealth

#2

Post by zupreme » Thu, Nov 21, 2019, 10:05 AM UTC

Superb article. That is all.

Re: How to Create Wealth

#3

Post by nesky » Thu, Nov 21, 2019, 1:59 PM UTC

"Money is just the medium through which wealth can move and be traded. To create more money, the government just fires up the ‘ol proverbial HP LaserJet All-In-One OfficeJet 8620 and suddenly there’s more money."

This is great

Re: How to Create Wealth

#4

Post by aussiegreenie » Thu, Nov 21, 2019, 6:25 PM UTC

Most "wealth" is just government regulations. Property is the prime example.

Imagine you own an empty block of land. If it is zoned that no building is allowed, it is almost worthless. But if you are allowed to build a house it worth much more. The only difference is government regulations.

If you are allowed to multiple homes or an apartment block then you land is worth much more.

Tk : DR - Over 80% of real estate value creation is changes in land use.

Re: How to Create Wealth

#5

Post by MR4D » Thu, Nov 21, 2019, 9:43 PM UTC

aussiegreenie wrote: post #4

Most "wealth" is just government regulations. Property is the prime example. Imagine you own an empty block of land. If it is zoned that no building is allowed, it is almost worthless. But if you are allowed to build a house it worth much more. The only difference is government regulations. If you are allowed to multiple homes or an apartment block then you land is worth much more. Tk : DR - Over 80% of real estate v…

You have two cows.

You trade one for a bull.

That is how wealth is created. Govt is not needed except to protect your rights to buy a bull.

Re: How to Create Wealth

#6

Post by 65267ddc » Fri, Nov 22, 2019, 1:31 AM UTC

aussiegreenie wrote: post #4

Most "wealth" is just government regulations. Property is the prime example. Imagine you own an empty block of land. If it is zoned that no building is allowed, it is almost worthless. But if you are allowed to build a house it worth much more. The only difference is government regulations. If you are allowed to multiple homes or an apartment block then you land is worth much more. Tk : DR - Over 80% of real estate v…

This isn't wealth creation; not all increases in value is because of creation.

Re: How to Create Wealth

#7

Post by Excel_Wizard » Fri, Nov 22, 2019, 3:32 PM UTC

aussiegreenie wrote: post #4

Most "wealth" is just government regulations. Property is the prime example. Imagine you own an empty block of land. If it is zoned that no building is allowed, it is almost worthless. But if you are allowed to build a house it worth much more. The only difference is government regulations. If you are allowed to multiple homes or an apartment block then you land is worth much more. Tk : DR - Over 80% of real estate v…

Does this viewpoint help explain anything in a useful way? I do not understand why you would think of wealth this way.