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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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To: semimojo

In the emoji example You are a million richer, but society isn’t.
Wealth has just moved, not increased.

Stocks are priced by the money they make, not by the wealth they produced.


7 posted on 01/02/2020 12:00:09 PM PST by mrsmith (Dumb sluts (M / F) : Lifeblood of the Media, Backbone of the Democrat/RINO Party!)
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