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Once again, divide every dime in the USA equally so everyone in the country has exactly the same amount of money. In a few short years, all the former rich people will be rich again, and all the former poor people will be poor again.
If you're too lazy to get off your dead butt and go out and make money, it's your own fault. Winners will always remain winners, the losers will continue to cry about how unfair the world is treating them...
monetary worth: an amount expressed in money or another medium of exchange that is thought to be a fair exchange for something
But I didnt use the word value at all.
Quote:
Originally Posted by pghquest
If it doesnt go anywhere then why did people lose values in their homes? Again, according to left wing kooks, wealth is finite, and one gets rich at the others expense, so when you lose value in your home, it means someone else gains.. Who gained?
It's pretty simple.
If we use your definition:
Net value = current market value - purchase price (assume adjustment for inflation)
If net value is negative (loss) then purchase price > current market value.
Gains were realized when the house was first sold at an inflated price.
Losses appeared when the valuation started returning to earth.
It's pretty simple.
If we use your definition:
Net value = current market value - purchase price (assume adjustment for inflation)
If net value is negative (loss) then purchase price > current market value.
Gains were realized when the house was first sold at an inflated price.
Losses appeared when the valuation started returning to earth.
And who are you to determine the prices were inflated?
And who are you to determine the prices were inflated?
The market does that. As per your definition.
If you prefer, prices are deflated now.
In that case, those who buy cheap now will gain in the future.
Those who sell now are the losers.
The market does that. As per your definition.
If you prefer, prices are deflated now.
In that case, those who buy cheap now will gain in the future.
Those who sell now are the losers.
Someone poor might be happy with their 27 inch television over a 120 inch one like I have. That doesnt mean they are going to die of starvation. You can be poor and still eat, thats what foodstamps are for
But, does that mean they will be happy eating sardines, while you dine on lobster, shrimp,and stake?
Don't people complain when the poor try to get foodstamps?
If your for Equality of Opportunity, then you should also be an advocate for Equality in Voting Power, because giving others, a louder voice via money, takes away that Equality of Opportunity when the top elite exists to serve each other at the expense of the rest of the nation.
There is nothing preventing one from voting.
Poor people simply make excuses, as they do for everything in their lives.
That's why they're poor.
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