Category:Wealth and Poverty - Revision history

BcatOne at 23:17, 1 November 2015

2015-11-01T23:17:24Z

BcatOne at 22:39, 1 November 2015

2015-11-01T22:39:51Z

BcatOne: added a hidden note for further development

2015-11-01T18:34:43Z

added a hidden note for further development

BcatOne: added comment about poverty

2015-11-01T18:21:35Z

added comment about poverty

BcatOne at 18:16, 1 November 2015

2015-11-01T18:16:22Z

Jeff at 15:01, 14 August 2015

2015-08-14T15:01:56Z

Jeff at 14:33, 14 August 2015

2015-08-14T14:33:48Z

Jeff at 22:06, 13 August 2015

2015-08-13T22:06:07Z

Jeff at 21:59, 13 August 2015

2015-08-13T21:59:38Z

Jeff at 21:07, 13 August 2015

2015-08-13T21:07:27Z

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 :Okay. That is too simplistic.  One would not say that oil rich middle eastern countries are living in poverty.  But, having riches rather than enduring wealth assets, they could slip back into poverty in the future if they are not able to transition to non-perishable income producing assets - all of which depend on knowledge, work, and a few other things that will be discussed in the articles assigned to this category.
-Viewing poverty only as the absence of wealth denies us the understanding to be gained by looking at the coin from both sides.  Just as understanding wealth helps to understand poverty, understanding poverty provides insights into creating wealth and it dispels some of the myth that surrounds both.  Just as wealth is more than simply having money, poverty is more than simply not having it.  You do not lift someone out of poverty by providing them with unearned money.  You can pay their rent and buy their groceries, but they remain in poverty until they are able to create sufficient wealth to pay their own bills.
+Viewing poverty only as the absence of wealth denies us the understanding to be gained by looking at the coin from both sides.  Just as understanding wealth helps to understand poverty, understanding poverty provides insights into creating wealth and it dispels some of the myth that surrounds both.  Just as wealth is more than simply having money, poverty is more than simply not having it.  You do not lift someone out of poverty by providing them with unearned money.  You can pay their rent and buy their groceries, but they remain in poverty until they are able to create sufficient wealth to pay their own bills. It can be argued that, rather than eliminating structural poverty, welfare creates it where it may not have existed, by removing a welfare recipient's  financial incentive to use their own modest wealth creating abilities.
 <!-- note:  Government policy that provides unearned money created 'bad actors' by disincentivizing.  Charitable organizations, such as churches, inherently understand this.  They would end charity to someone who resisted becoming self sufficient though otherwise able, or who spent their charity income on bad behavior.  -->

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 Poverty can be thought of as lacking that which is wealth.
 :Okay. That is too simplistic.  One would not say that oil rich middle eastern countries are living in poverty.  But, having riches rather than enduring wealth assets, they could slip back into poverty in the future if they are not able to transition to non-perishable income producing assets - all of which depend on knowledge, work, and a few other things that will be discussed in the articles assigned to this category.
-Further, as wealth is more than simply having money, poverty is more than simply not having it.  You do not lift someone out of poverty by providing them with unearned money.  You can pay their rent and buy their groceries, but they remain in poverty until they are able to create sufficient wealth to pay their own bills.
 <!-- note:  Government policy that provides unearned money created 'bad actors' by disincentivizing.  Charitable organizations, such as churches, inherently understand this.  They would end charity to someone who resisted becoming self sufficient though otherwise able, or who spent their charity income on bad behavior.  -->
-Viewing poverty only as the absence of wealth denies us the understanding to be gained by looking at the coin from both sides.  Just as understanding wealth helps to understand poverty, understanding poverty provides insights into creating wealth and it dispels some of the myth that surrounds both.<br>A related subject is income inequality - a hot topic of today.  Inequality is misunderstood just as wealth and poverty are misunderstood and for the same reasons.
+A related subject is income inequality - a hot topic of today.  Inequality is misunderstood just as wealth and poverty are misunderstood and for the same reasons.
 ==Articles for this category==

@@ Line 20: / Line 20: @@
 Poverty can be thought of as lacking that which is wealth.
 :Okay. That is too simplistic.  One would not say that oil rich middle eastern countries are living in poverty.  But, having riches rather than enduring wealth assets, they could slip back into poverty in the future if they are not able to transition to non-perishable income producing assets - all of which depend on knowledge, work, and a few other things that will be discussed in the articles assigned to this category.
-Further, as wealth is more than having money, poverty is more than the lack of money.  You cannot lift someone out of poverty by providing them with unearned money.  You can pay their rent and buy their groceries, but they remain in poverty until they are able to create sufficient wealth to pay their own bills. Viewing poverty only as the absence of wealth denies us the understanding to be gained by looking at the coin from both sides.  Just as understanding wealth helps to understand poverty, understanding poverty provides insights into creating wealth and it dispels some of the myth that surrounds both.<br>A related subject is income inequality - a hot topic of today.  Inequality is misunderstood just as wealth and poverty are misunderstood and for the same reasons.
+Further, as wealth is more than simply having money, poverty is more than simply not having it.  You do not lift someone out of poverty by providing them with unearned money.  You can pay their rent and buy their groceries, but they remain in poverty until they are able to create sufficient wealth to pay their own bills.
 ==Articles for this category==

@@ Line 20: / Line 20: @@
 Poverty can be thought of as lacking that which is wealth.
 :Okay. That is too simplistic.  One would not say that oil rich middle eastern countries are living in poverty.  But, having riches rather than enduring wealth assets, they could slip back into poverty in the future if they are not able to transition to non-perishable income producing assets - all of which depend on knowledge, work, and a few other things that will be discussed in the articles assigned to this category.
-Viewing poverty only as the absence of wealth also denies us the understanding to be gained by looking at the coin from both sides.  Just as understanding wealth helps to understand poverty, understanding poverty provides insights into creating wealth and it dispels some of the myth that surrounds both.<br>A related subject is income inequality - a hot topic of today.  Inequality is misunderstood just as wealth and poverty are misunderstood and for the same reasons.
+Further, as wealth is more than having money, poverty is more than the lack of money.  You cannot lift someone out of poverty by providing them with unearned money.  You can pay their rent and buy their groceries, but they remain in poverty until they are able to create sufficient wealth to pay their own bills. Viewing poverty only as the absence of wealth denies us the understanding to be gained by looking at the coin from both sides.  Just as understanding wealth helps to understand poverty, understanding poverty provides insights into creating wealth and it dispels some of the myth that surrounds both.<br>A related subject is income inequality - a hot topic of today.  Inequality is misunderstood just as wealth and poverty are misunderstood and for the same reasons.
 ==Articles for this category==

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 It is having the kind of enduring assets and capacities (work skills, schools, industries, roads, ports, airports, railroads, and an economically free, robust and honest society willing to work) that will generate future income and perpetuate wealth.
 Wealth is a society that protects the fundamental human rights.
-:Wealth can exist long before the presence of riches.  Consider a person like Steve Jobs.  He was not lucky, he had the assets of wealth before he was rich.  His assets were useful knowledge, the vision to use it, the capacity to work for that vision, faith in the market place with no guarantee of success, and a government that guaranteed him the freedom to create something that we did not know we needed until he presented it to us. There are millions of other such examples created by more ordinary Americans who started from nothing and built their own futures - or maybe started with something and built something bigger.  These are stories of wealth.  In fact, wealth lies in the determination and work of every person, no matter the skill great or small, that freely renders and applies his work to a free market.  There is a little truth to adage that "it takes money to make money", but it would be completely untrue to say that it takes money to create wealth.  To paraphrase George Gilder <ref name="Wealth and Poverty" />, people and families--many of them first generation immigrants, many with little education, and most with no money to back them, but with determination and willingness, built America with small businesses.  Which proves that the imagined unnavigable gap between poverty and wealth is a myth.  It takes a list of things that might be summarized as human spirit and work--much more so than money.  This topic is about the real meaning of wealth.
+:Wealth can exist long before the presence of riches.  Consider a person like Steve Jobs.  He was not lucky, he had the assets of wealth before he was rich.  His assets were useful knowledge, the vision to use it, the capacity to work for that vision, faith in the market place with no guarantee of success, and a government that guaranteed him the freedom to create something that we did not know we needed until he presented it to us. There are millions of other such examples created by more ordinary Americans who started from nothing and built their own futures - or maybe started with something and built something bigger.  These are stories of wealth.  In fact, wealth lies in the determination and work of every person, no matter the skill great or small, that freely renders and applies his work to a free market.  There is a little truth to adage that "it takes money to make money", but it would be completely untrue to say that it takes money to create wealth.  To paraphrase George Gilder <ref name="Wealth and Poverty" />, people and families--many of them first generation immigrants, many with little education, and most with no money to back them, but with determination and willingness, built America with small businesses.  Which proves that an unnavigable gap between poverty and wealth is a myth.  It takes a list of things that might be summarized as human spirit and work--much more so than money.  This topic is about the real meaning of wealth.
 Poverty can be thought of as lacking that which is wealth.
 :Okay. That is too simplistic.  One would not say that oil rich middle eastern countries are living in poverty.  But, having riches rather than enduring wealth assets, they could slip back into poverty in the future if they are not able to transition to non-perishable income producing assets - all of which depend on knowledge, work, and a few other things that will be discussed in the articles assigned to this category.

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 <!--CW presents its understanding and it is that which we speak of here.  It will be helpful to say what it isn't.-->
 <br>It is easy to confound wealth and money and most of us do.  They are not the same.  A lot of money makes you rich, but not necessarily wealthy.  Money can be a static asset.  You can use it to buy things, but it creates nothing unless it is used to enable assets that do produce wealth.  Once spent for consumption, nothing is left behind to generate a continuing stream of spending power.  America has many families who have lost the knowledge necessary to perpetuating wealth.  They may still be rich, but now in decline.  They are being replaced by others, not yet rich, but possessing wealth in the form of knowledge and the ability to act on it.  George Gilder<ref name="Wealth and Poverty">Gilder, George. ''Wealth and Poverty''. New York. Basic Books, Inc. 1981</ref> uses the illustration of oil rich countries.  Several countries with the highest per-capita spending power are in the middle east.  Their spending power comes from their oil assets.  They can buy Rolls Royces, private Boeings, and erect office buildings.  But those are perishable things which, in themselves, generate no further income unless there are roads on which to drive and skilled people to use the offices, and unless they are put to use in wealth generating ways.  When the oil is gone, those countries could become as poor as they were before the oil was discovered.  They have more riches than wealth.  Venezuela is an example - a formerly rich country, most of which came from oil, voted in a government that confiscated the country's wealth producing assets including the oil fields and drove out the people that knew how to employ them as generators of wealth.  Formerly rich, Venezuela has recently imposed rationing for food and daily necessities.  Russia relies heavily on its oil assets for revenue and finds itself in a bind as the price of oil falls.  Countries like England, Germany, Japan, the U.S., and others have wealth generating assets that relegate whatever oil assets they may (or may not) have to supporting roles.
-<br>Real wealth is in the morale and ingenuity of people. It is a product of human thought and effort acting on the material world.
-Wealth is having the kind of enduring assets and capacities (work skills, schools, industries, roads, ports, airports, railroads, and an economically free, robust and honest society willing to work) that will generate future income and perpetuate wealth.
+Real wealth is in the morale and ingenuity of people. It is a product of human thought and effort acting on the material world.
 Wealth is a society that protects the fundamental human rights.
-:Wealth can exist long before the presence of riches.  Consider a person like Steve Jobs.  He was not lucky, he had the assets of wealth before he was rich.  His assets were useful knowledge, the vision to use it, the capacity to work for that vision, faith in the market place with no guarantee of success, and a government that guaranteed him the freedom to create something that we did not know we needed until he presented it to us. There are millions of other such examples created by more ordinary Americans who started from nothing and built their own futures - or maybe started with something and built something bigger.  These are stories of wealth.  There is a little truth to adage that "it takes money to make money", but it would be completely untrue to say that it takes money to create wealth.  Let's talk about this within this topic.
+:Wealth can exist long before the presence of riches.  Consider a person like Steve Jobs.  He was not lucky, he had the assets of wealth before he was rich.  His assets were useful knowledge, the vision to use it, the capacity to work for that vision, faith in the market place with no guarantee of success, and a government that guaranteed him the freedom to create something that we did not know we needed until he presented it to us. There are millions of other such examples created by more ordinary Americans who started from nothing and built their own futures - or maybe started with something and built something bigger.  These are stories of wealth.  In fact, wealth lies in the determination and work of every person, no matter the skill great or small, that applies his work to the demands of a free market.  There is a little truth to adage that "it takes money to make money", but it would be completely untrue to say that it takes money to create wealth.  Let's talk about this within this topic.
 Poverty can be thought of as lacking that which is wealth.
 :Okay. That is too simplistic.  One would not say that oil rich middle eastern countries are living in poverty.  But, having riches rather than enduring wealth assets, they have the potential to do so in the future if they are not able to transition to non-perishable income producing assets - all of which depend on knowledge, work, and a few other things that will be discussed in the articles assigned to this category.