Re: The Electric Car

On Oct 9, 3:05 pm, Richard Henry <pomer...@xxxxxxxxxxx> wrote:
On Oct 9, 10:18 am, Willie.Moo...@xxxxxxxxx wrote:



Sounds like you have issues about money. Its impossible to make money
and not create value. That's what it means to make money.

Have you never heard of Kevin Trudeau?

If you end
up with a lot of money in your pocket and have not created value, then
you are not a business person, you are a crook.

Oh, never mind, you have heard of him.

Anecdotal reports of notable exceptions to the rule doesn't change the
rule. Given the low rate of capital formation and the high rate of
taxes, if any more than 1/2% of the total profits earned in business
were ill-gotten (and thereby subtracted from the economic engine,
perhaps with a multiplier if the subtraction involved huge destruction
of wealth) then the market would quickly collapse of its own weight.

Consider, the effect of Enron's accounting lies on the market and on
the economy as a whole. It had a huge impact for an extended period
of time. So, can't you see that if more than half a percent of the
wealth earned in the marketplace were ill gotten, that didn't truly
contribute to the creation of wealth generally, the whole system would
collapse.

This is the true cost of crime in places like the former Soviet Union
and other nations that are struggling with crime. Huge amounts of
cash flow through the Columbian economy due to the drug trade, and
flow through Afghanistan for the same reason. But is the Columbian or
Aghani economy a sterling example of wealth formation and progress?
No! They're all cluster fucks mired in poverty and violence.

True wealth comes from another source altogether - one that
understands the distinction between CREATING WEALTH and touching money
that doesn't stay in your hands.
..

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