How much wealth would it take to acquire bliss?
Q. How much wealth would it take to acquire bliss? And how would you proceed in spending it?
Asked by computerethics101 - Wed Apr 19 23:43:45 2006 - - 6 Answers - 1 Comments

A. I can't believe that you asked that question. All a lot of money does is cause trouble. As long as your bills are paid, a good roof over your head, food on the table and a little in the bank, you should be very happy.
Answered by supergma7 - Wed Apr 19 23:48:59 2006

How do measure the wealth generated from free online projects?
Q. I'm a big fan of Wikipedia, it's my main page and I've spent hours and hours reading articles. I was reading about Wikipedia in the article Wikipedia when I read this: "In a study of Wikipedia as a community, economics Ph.D. student Andrea Ciffolilli argued that the low transaction costs of participating in wiki software create a catalyst for collaborative development, and that a "creative construction" approach encourages participation." So that got me thinking, intellectual constructs are a form of wealth, just think of all the intellectual copyrights out there. But how do you measure the wealth and intellectual property generated from a project that's never been sold? How much richer is the world and each individual when they benefit… [cont.]
Asked by Ben B - Tue Sep 11 06:33:02 2007 - - 2 Answers - 0 Comments

A. It is not a new problem, but the Internet has made it more visible. People have always created wealth and production that is not part of the market economy, and so is not measured. If you take care of your own child, clean your own house, grow your food, fix your car etc it is not part of GDP, bit if you hire it done it is. When students study, learn a skill, or a researcher creates a new knowledge it adds wealth, in the sense that it creates a productive resource, but does not show up on anybodies account as wealth. The government statistics counts both public and private education expenses as consumption not investment. You could even argue that most of the wealth we have inherited from our ancestors that provide us with a good life are… [cont.]
Answered by meg - Tue Sep 11 13:00:59 2007

What is the difference between distribution of wealth and distribution of income?
Q. I am wanting to know how the distribution of wealth can be distinguished from the distribution of income? In addition, what is the key determining factor in these two ideas?
Asked by cwaller1983 - Wed Apr 29 02:50:02 2009 - - 2 Answers - 0 Comments

A. Wealth is the overall measure of how "rich" a person is. Income is how much a person earns. Therefore, distribution of wealth refers to the distribution that benefits everyone because it divides everything equally. Distribution of income is great too but it leaves more for some because in this type of distribution, only 1 part of wealth is divided (income). In short, Distribution of Wealth=everything Distribution of Income=part
Answered by Da Man - Wed Apr 29 03:02:39 2009

How much wealth did the South accumulate during slavery ?
Q. From the industries that used slaves to produce goods and products ! How much wealth was accumulated during slavery's hey day in the South.
Asked by bemmer71 - Wed Feb 11 09:36:59 2009 - - 3 Answers - 0 Comments

A. Since the south's wealth was tied mainly to agriculture, it's hard to tell how much wealth was made. Untold millions I would say !
Answered by Phade3 - Wed Feb 11 17:26:01 2009

What is a recent development in the wealth management industry and how might it affect Barclays Wealth?
Q. Describe a recent development in the wealth management industry. What implications might this development have for Barclays Wealth?
Asked by Amer A - Sun Jan 10 00:15:54 2010 - - 2 Answers - 0 Comments

A. I think obviously with the economy being the way it is and rates being low--investments are not making the returns they historically have seen. The implications would be positive for wealth management firms as they will make more consulting revenue in down economies and more commission revenue in up economies.
Answered by David - Sun Jan 10 00:39:08 2010

How can we stop the ridiculous concentration of wealth to single individuals ?
Q. How can you stop the ridiculous concentration of wealth to single individuals without affecting free trade and rights of people and without the need for a totalitarian regime. Please. no righteous answers. Im not saying its right or wrong. Just noticing that the rich are becoming super rich whilst the middleclass pay for it and the poor get poorer.
Asked by Martyn B - Sat Sep 6 05:04:13 2008 - - 4 Answers - 0 Comments

A. I don't get the bit "whilst the middleclass pay for it", ? Most of the super rich are there because they made or supplied something that was wanted/ needed/etc. e.g. Bill Gates. You can't stop it, nor should you try ! These people are the 'incentive' for young entrepreneurs of the future.
Answered by psychologist_4u - Sat Sep 6 05:11:22 2008

American Communism seeks to take wealth from the workers ?
Q. And give it to the non-workers. Originally, it was to give wealth to the workers. In America, the workers have benefited by the labor unions, and now have enough wealth that the non-workers want it. Is this acceptable to the workers? Or will THEY revolt? Joey, you have a good mind. A great discussion. Socialism, communism seem to be best suited for ants and bees. Individuals of those hives are unrecognizable one from the other. Humans bring so many variables, it impossible to imagine fitting them all into one mold without a huge eruption of violence.
Asked by ifoyo - Mon Aug 31 02:36:58 2009 - - 1 Answers - 0 Comments

A. Communism assumes that if the state owns all the resources and it is held as common stock and a few enlightened people control the resources they will equitably distribute the resources controlled by them. For that we have to assume that the people entrusted with the responsibility to control the resources will by some magic become as capable as Gods and will somehow understand and foresee the requirements of every individual and weigh it with unerring judgment and distribute the resources in proportion to each individuals need in proportion to the total individual needs and the available resources. Capitalism assumes that no man is God and the only person who can assess your requirements is only YOU and that only by mutual consent should… [cont.]
Answered by joey - Mon Aug 31 15:42:19 2009

how is it possible for people to gain wealth without taking wealth from others?
Q. how can wealth create itself? how can wealth exist and be created independent of human action?
Asked by worldpeace - Tue Aug 21 03:57:32 2007 - - 8 Answers - 0 Comments

A. Well, first, if you assume people are born with certain resources or talents then trading those makes everyone better off and wealthier. If I can make 6 apples and 2 pears per hour per day, and you can make 7 pears and 3 apples p[er hour per day, then if I make apples and you make pears, and we trade, we will have more wealth by trading at the end of the day. Haven't you had an idea on how to improve something or an invention that will save someone time? That's all it is, one invention after another, until man crawled out of the stone age and ended up here. If I get smarter and improve my apple production and pear production, it still pays to have you make whatever your relatively best at, since I can contrate on what I am relatively… [cont.]
Answered by angelwith4faces - Tue Aug 21 04:35:32 2007

What do you think is the net transfer or wealth from men to women in the US each year?
Q. Take these into consideration: 1. men paying for dates 2. Men taking on the greater share of housing and expenses when a couple. 3. Child support and alimony 4. Inheritance and pension when the man statistically dies 6 years sooner. 5. Tax funded entitlements specifically for women (men pay a greater percentage of the total US tax burden) 6. Any other suggestions? I'll bet with all these elements combined, there's a net transfer of wealth in the hundreds of billions of dollars from men to women every year.
Asked by I have an idea - Wed Apr 16 12:41:51 2008 - - 8 Answers - 0 Comments

A. Child support gets transfered to the woman due to the men not having custody of their children!! Seems someone may be a bit bitter this fine morning..
Answered by Perennial Queen - Wed Apr 16 12:46:34 2008

Do you think there is a difference between taxing wealth and taxing income?
Q. The Democrats say we should increase taxes on the rich by raising income taxes. Doesn't being rich mean you have a lot of assets? Should be people that earn a lot of money be taxed higher even though they may not have accumulated any wealth (yet)? Isn't there a difference between people how EARN a lot of money and those those that HAVE a lot of money?
Asked by jdlifsey2030 - Fri Dec 15 12:25:16 2006 - - 3 Answers - 0 Comments

A. The assumption Congress makes is that to become wealthy, you have to earn income, which you were taxed on. You may become wealthy by inheriting assets, in which case you did not pay income tax, but rather estate taxes were paid. If you have assets, you can get money by selling them for more than you acquired them for, but this causes capital gains tax. Taxes are based on the flow of money, which in some way results in wealth. If you notice, wealth is always indirectly taxed. The system may not appear fair on the surface, but the wealthy will tell you that they do feel the pain of taxes. To answer your question, there is a difference, but not much.
Answered by Casey Clay Hall - Fri Dec 15 18:25:27 2006

What are the general patterns of inequality across different countries in terms of wealth?
Q. What are the general patterns of inequality across different countries in terms of how much wealth the top 10% of national populations control (in comparison with the bottom 90%)? How unequal is wealth distribution globally?
Asked by Kevin - Wed May 12 01:55:36 2010 - - 1 Answers - 0 Comments

A. Most developed countries have a relatively low level of income and wealth inequality. The U.S. is the exception. Wealth inequality is generally somewhat more pronounced than income inequality. This is certainly true in the U.S. and the countries listed here (see Table 9, page 46)
Answered by simplicitus - Fri May 14 02:18:20 2010

How to create wealth and value for society?
Q. What are some of your ideas to become an industrialist and create wealth not for one but for all? Any problems that the society and people are currently faces that young people can easily and intelligently solve and become entrepreneurs? What are some of the current problems that can be solved? Do post your ideas generously and enthusiastically.
Asked by beatrixlaw8 - Mon Jan 21 11:10:49 2008 - - 1 Answers - 0 Comments

Do you think that a persons wealth is directly proportionate to their resource use, and environmental impact?
Q. Not income, but wealth. Do the people who own the factories and own the land, who then chose what happens to the land (suburban sprawl) have a proportionate impact on natural resource use to the percentage of wealth that they hold?
Asked by joecool123_us - Sat Sep 8 15:43:59 2007 - - 5 Answers - 1 Comments

A. Yes, I agree that resource use may be directly proportionate to land/production ownership and to environmental impact. We have to also consider these inputs in relation to people's quality of life and meeting global needs for basic resources such as drinking water, clean air, food, a livelihood etc. Similarly we have to consider output and positive environmental impact. Sustainability is when input equals or is more than output so that the natural ecosystem is maintained or enriched not depleted. Land ownership/means of production may have a positive or negative impact on usage of natural resources and the natural environment but it is always a transient influence in real terms. Without man, the land would re-balance and heal itself. [cont.]
Answered by belladonnadeadly - Sat Sep 8 19:50:38 2007

What are the basic ethics to be followed to create wealth?
Q. If real estate is going to be one of the choice, How could land in remote areas would facilitate the creation of wealth? That would sure take years to realize a decent price.
Asked by apbg - Mon Jun 30 07:37:41 2008 - - 1 Answers - 0 Comments

A. Live within your means, save 20% of your earnings, invest 20% of your earnings. You are then well on your way to wealth.
Answered by Sarah Elizabeth - Mon Jun 30 07:45:50 2008

How has China built up a huge industrial infrastructure that produces wealth for the country but also creates?
Q. How has China built up a huge industrial infrastructure that produces wealth for the country but also creates the vast gap in incomes that the communists were going to abolish? Does it seem likely that, as China grows more prosperous, there will be greater demands for respect of civil rights and political freedoms? Will the power monopoly of the Communist party eventually erode?
Asked by Terrbear - Sun Feb 14 06:37:54 2010 - - 4 Answers - 1 Comments

A. First of all, I would like to point out that I am not advocating any particular political view here. I would like to say that In the last 20 years alone, China has managed to lift over thirty percent of it's population (over 400 million people) out of poverty (that is, living on less than $1 per day)! (1) That's a pretty amazing feat by itself no matter what country it is and what kind of system it's using. Having said that, yes, you're absolutely right that things aren't perfect there; but they are definitely getting better. I do think that there will be greater demands for political freedoms but some of these may not necessarily be home grown. As more international organizations enter China, they will definitely be pushing for more of… [cont.]
Answered by Gary - Thu Feb 18 06:18:06 2010

How is redistributing wealth a socialist concept?
Q. Don't we redistribute wealth every fiscal year for our state and federal budgets? Is the goverment spending money on military or on school a socialist concept then? Isn't that capitalism and democracy? I don't believe in socialism and communism but at the same time people say that presidents like Obama and precedessors always proposed socialist ideas, how?! Seperating us by tax brackets is a form of wealth redistribution! I like how its mentioned that we're also not a democracy, and that technically we're a republic cuz the few people tell the rest of the country what to do.
Asked by Al-Rob - Tue Jan 5 15:10:53 2010 - - 4 Answers - 0 Comments

A. In short, when using socialism as a term, one will have to be very skeptical. The definition of socialism differs a lot from say, the US, to the Scandinavian countries, to China. Whereas in the Scandinavian countries, socialism isn't as much a frightening word as in the US, for example. Having no government is called anarchy, and is not good for no one. Having no wealth redistribution is more or less monarchy, with a king and an elite at the top, who keeps all the goods for themselves. Have you heard of the french revolution? Or the demands of the people of the European countries after said revolution? Then you'd know why that's not good either. To have a minimal government is the way of the liberalists, however a government is… [cont.]
Answered by Andreas - Tue Jan 5 15:32:48 2010

In addition to building grand palaces, in what other ways did absolute rulers use the vast wealth?
Q. In addition to building grand palaces, in what other ways did absolute rulers use the vast wealth the accumulated? How did they use their wealth in the 16th century?
Asked by Kozlov M - Thu Sep 11 01:27:09 2008 - - 1 Answers - 0 Comments

A. many of them used their wealth to finance wars. In fact in the 16th century, war was the number 1 spending item for most monarchs, it was an extremely costly affair as they had to pay for the soldiers, their food and weapons/ horses etc. Other spending involved donations to churches, monastaries etc, and good old fashioned parties.
Answered by pipfmobile - Thu Sep 11 02:49:53 2008

McCain supporters: Who was the last president that did not redistribute the wealth?
Q. Why is it that McCain and Palin keep bringing up redistribution of the wealth, when he is not using a flat tax system? They say that doing so is being a socialist. Yet they are planning to do it themselves. Isn't that being just a tad hypocritical on their part?
Asked by Cryst - Thu Oct 23 19:05:19 2008 - - 11 Answers - 0 Comments

A. If you have ever paid taxes, you paid for social security, medicare, medicaid, welfare, government employees, local, city and state employees, the list goes on. They have taken this socialist thing and run with it, not knowing what the hell they are talking about.
Answered by I ripped my Billie Jeans! - Thu Oct 23 19:10:54 2008

How do you feel about it being old fashion to earn and keep wealth?
Q. Clearly redistributing the wealth is an attack of the successes of people. In this new administration the small businesses that is the back bone of our economy will be challenged to compete with big business. How many in the $70-150K income level really feel they are rich and deserve to be taxed harder?
Asked by a2z_alterego - Wed Nov 5 11:23:38 2008 - - 1 Answers - 0 Comments

A. We are close or in that category, barely making ends meet. Our property taxes doubled this year. We don't live a life of luxury. I can't afford a safe vehicle to drive, and my daughter will be going off to college next year...Times are hard, I hope they don't get worse. (((BIG HUG)))
Answered by ******* Starlisha ******* - Wed Nov 5 19:42:26 2008

What is the natural tendency of deregulation on concentration of private and personal wealth ?
Q. In other words, do you the implementation of an extreme deregulation ideology will lead to larger and larger corporations that are too big to fail? Do you also think its natural that such an environment will lead to more wealth concentrated in the hands of a few billionaires? and is this concentration caused by deregulation a good sign for a healthy free market economic system?
Asked by jesswzmn - Sat Mar 21 14:23:08 2009 - - 3 Answers - 0 Comments

A. They had thought deregulation would reap more profits but it backfired in the lending institutions leading up to what we have now as a good example. The rich wanted to become richer and it did not work in there favor.
Answered by Union_Dooz - Sat Mar 21 14:30:57 2009