How welfare entitlements destroy economic growth

Ratmagiclady · 07-15-2012, 06:58 PM

Originally posted by jimH

However, no new wealth is created by that scenario. New wealth is critical to economic growth.

NOt if it's only on paper for the very wealthy who don't produce anything, but rather just charge more debt.

What you say isn't*capitalism* ...it's *corporatism.*

We can't have a capitalist society if the *people* have no capital.

You might wanna look to that.

Wheatfield · 07-16-2012, 04:04 AM

Originally posted by jimH

However, no new wealth is created by that scenario. New wealth is critical to economic growth.

Wealth takes more than one form. You are looking at it from a very, very narrow perspective.

GeneV · 07-16-2012, 05:44 AM

Originally posted by jimH

However, no new wealth is created by that scenario. New wealth is critical to economic growth.

How is "new" wealth created by buying and selling existing companies?

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07-15-2012, 06:58 PM	#16
Ratmagiclady Veteran Member Join Date: Nov 2008 Location: GA Photos: Gallery \| Albums Posts: 13,563	Originally posted by jimH However, no new wealth is created by that scenario. New wealth is critical to economic growth. NOt if it's only on paper for the very wealthy who don't produce anything, but rather just charge more debt. What you say isn'tcapitalism ...it's corporatism. We can't have a capitalist society if the people have no capital. You might wanna look to that.

07-16-2012, 04:04 AM	#17
Wheatfield Moderator Join Date: Apr 2008 Location: The wheatfields of Canada Posts: 15,981	Originally posted by jimH However, no new wealth is created by that scenario. New wealth is critical to economic growth. Wealth takes more than one form. You are looking at it from a very, very narrow perspective.

07-16-2012, 05:44 AM	#18
GeneV Veteran Member Join Date: Oct 2008 Location: Albuquerque NM Photos: Albums Posts: 9,830	Originally posted by jimH However, no new wealth is created by that scenario. New wealth is critical to economic growth. How is "new" wealth created by buying and selling existing companies?