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> But really what we care about is income--especially when one considers that wealth is just unspent income. And income is actually what determines lifestyle.
by twblalock 6y ago
> But really what we care about is income--especially when one considers that wealth is just unspent income. And income is actually what determines lifestyle.
Wealth can borrowed against, in many cases to pursue opportunities to build more wealth such as investing or purchasing rental properties. Wealth enables people to make choices that would be too risky to make for people who depend on an income, such as starting a business. Wealth ensures financial security even if one does not have an income. Wealth buys access and influence. Wealth can be inherited.
In other words, wealth is not just money, like income is. Wealth is a form of power.
- imtringued 6y agoYeah sure but the way the Fed decided to economic stimulus is basically money straight into your stocks. You don't have to do any productive work to earn money. That's one of the defining features of deflation.