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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
Posted by Taxing Authority
Houston
Member since Feb 2010
57407 posts
Posted on 10/25/14 at 12:33 am to
quote:

Goods and services are consumed, not wealth.
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.

quote:

Unless you know someone selling $100 bills for 5 bucks.
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.
Posted by mmcgrath
Indianapolis
Member since Feb 2010
35475 posts
Posted on 10/25/14 at 12:51 am to
quote:

Few are available in retail outlets however.
In your opinion, does K-Mart, Home Depot, or Walmart create jobs?
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