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re: This is why business owners/entrepreneurs do not like democrats very much
Posted on 10/25/14 at 12:33 am to mmcgrath
Posted on 10/25/14 at 12:33 am to mmcgrath
quote:Nope. Wealth and capital are clearly consumed by purchasing goods and services that do no lead to greater wealth. There is a reason consumer goods aren't considered to be assets. Buying a video game != buying a tool that can be used to increase one's productivity this income. One makes you poorer. The other makes you wealthier.
Goods and services are consumed, not wealth.
quote:I don't. However there are numerous examples of goods and services that can be purchased and be used to create wealth greater than their cost. Few are available in retail outlets however.
Unless you know someone selling $100 bills for 5 bucks.
Posted on 10/25/14 at 12:51 am to Taxing Authority
quote:In your opinion, does K-Mart, Home Depot, or Walmart create jobs?
Few are available in retail outlets however.
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