People are looking for an answer that isn't there

#27
#27
T-TownVol said:
This article is from 2005. Dig a little deeper and you will find an article on the civil war.

New wealth is MADE everyday. The notion that there is a defined amount of wealth, is pure BS.
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There is it is 100% of all assets.
 
#28
#28
DAVOL said:
Lets try this you take all assets in the world that makes 100% of assets you stand in the 78 percentile of ownership of thoses assets meaning that 77% own less 22% own more. You do well for 3 years and move up to the 84 percentile someone that at one time was wealthier than you is now poorer than you.You made more wealth for yourself and you moved up the list that does not mean more wealth was actually made cause you can't go above 100% of wealth/assets.
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OK. So only 100% can ever exist. So the amount of wealth is the same now as is it was in 1580?
 
#30
#30
There is always going to be people in the 0-25% range and they will always be poorer than those above it now you may be in that range and eventually move up but someone else is taking your place.
 
#34
#34
allvol123 said:
There is more wealth. If there is a finite amount please tell me what it is. I want to stop once I know it has been reached.
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Well you can't stop or you will be passed and become poorer than the person passing you.
 
#39
#39
DAVOL said:
Tell that to warren buffet who has lost over 15 billion since the recession began.
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I am well aware of how much wealth WB has lost. My family owns 100 shares of BH stock.
You are just ignoring the question mark on my post. YOU said that everyone EXCEPT the top are getting screwed. Then use WB as an example, brilliant!
 
#40
#40
T-TownVol said:
I am well aware of how much wealth WB has lost. My family owns 100 shares of BH stock.
You are just ignoring the question mark on my post. YOU said that everyone EXCEPT the top are getting screwed.
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I said EVERYONE is getting screwed NOT just the ones at the top.
 
#41
#41
DAVOL said:
I said EVERYONE is getting screwed NOT just the ones at the top.
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Impossible according to you. If there is a finite amount of true wealth and some are losing, then some must be gaining. Correct? So EVERYONE can't be getting screwed.
 
#43
#43
allvol123 said:
Impossible according to you. If there is a finite amount of true wealth and some are losing, then some must be gaining. Correct? So EVERYONE can't be getting screwed.
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Somewhat that is true when you are dealing with stocks such as wb you really can't tell how much they are really worth unless you liquidate all assets and see what people are willing to pay.It's all about assets and all assets makeup wealth if you are in the 87% bracket what is the chances you will be raking someone in the 45% brackets leaves.
 
#44
#44
DAVOL said:
Somewhat that is true when you are dealing with stocks such as wb you really can't tell how much they are really worth unless you liquidate all assets and see what people are willing to pay.It's all about assets and all assets makeup wealth if you are in the 87% bracket what is the chances you will be raking someone in the 45% brackets leaves.
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Anyone? Anyone?
 
#47
#47
allvol123 said:
To sum your thoughts:

Assets = wealth. Assets have increased. Wealth has not.
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To an extent if the government gave everyone 2 new shiny ford fusions all the same makes and models everyone's assets would increase cause you would just add the cars to what they already have so did they really move up the ladder.
 
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