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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (22552)	12/6/2004 12:16:59 PM
From: kodiak_bull	Read Replies (1) \| Respond to of 23153

Sun Tzu, I don't think so: "The only true source of wealth that anyone has is their time (i.e. their life)." Reread my longish post to Derrick. If "time" (later you say labor, services) is the only true source of wealth, then how do you explain the tremendous wealth generated by very little amounts of time (Bill Gates just gained about $3 billion in cash with the recent dividend, most of that he got while sleeping). Everyone has the same amount of time, more or less. Even granting that many waste their time and others utilize it carefully, that wouldn't explain the difference between a net worth of $40+ billion (Gates & Buffett), $1-2 million (senior vice president of a regional bank), $500K (gas station owner in Fort Collins) or $80K (bank teller in Bismarck. Unless you want to diverge and skip down some metaphysical path concerning "wealth" and "true source", and if we can stay on concrete, measurable criteria for wealth measurement (like net worth), then the idea that "time" or "labor" limns the wealth creating capacity falls apart. We live in an age of information. Applied information (applied wisely, shrewdly or even tyrannically) will create wealth. Those who ignore the true nature of the 21st century economy will suffer. JMHO, Kb