Combating popular misconceptions about American economics, society and politics.
Thursday, November 7, 2013
The Concept of Wealth
A fundamental difference between liberals and conservatives is their
feelings about the generation of wealth and the means by which people
become wealthy. Conservatives tend to believe that an individual’s
wealth is the value of the goods and services they provided to society,
given voluntarily to them by the people who benefited from it. Liberals
tend to believe it is the money that only greedy people get by
exploiting the worker through a corrupt system.
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