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To: semimojo

You know I’m not being that simplistic.

An extreme example: You find a million dollars worth of gold and you increase wealth by a million dollars;
You make a million dollars making/selling emojis and you don’t increase wealth at all.

IT has done a lot (are there FINALLY any ‘paperless offices?) to increase efficiency, which creates new wealth, but mostly it hasn’t increased wealth.


5 posted on 01/02/2020 11:22:42 AM PST by mrsmith (Dumb sluts (M / F) : Lifeblood of the Media, Backbone of the Democrat/RINO Party!)
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To: mrsmith
You make a million dollars making/selling emojis and you don’t increase wealth at all.

This is what make me wonder how you're defining wealth.

I can take the $1M emoji money and buy gold. Am I not $1M more wealthy?

How do you account for the growth in market cap for US stocks, now in excess of $30T?

What do you think that would be without PCs and small office computers?

6 posted on 01/02/2020 11:56:25 AM PST by semimojo
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