Archive for the 'Economics' Category

What is so bad about transferring wealth?

Digger asked: Doesn’t taxing the upper class lower than the middle class fall into transferring the wealth. Why do McCain/Obama make it sound bad?Caffeinated Content

Is anyone else bothered by the fact that our economy is based on imaginary wealth?

Viv asked: I read an answer to someone’s question that said that since we dropped the gold standard, our wealth doesn’t mean anything. Yeah, that means our national debt is imaginary. It also means that dollars and cents are just pieces of paper or numbers on a credit card bill. What if someone realizes this [...]

How was wealth distributed in monarchic societies?

Joey O asked: I’m not necessarily looking for an answer to the question as much as some recommendations for resources.
I’m trying to find some good books on wealth distribution/economy in monarchic societies (past and present).Kansieo.com

To Wealthy People Who Did Not Inherit the Majority of Their Wealth - How Did You Become Successful?

-:- Masha -:- asked: I’m not asking this to just billionaires - but all well-off people who earned their wealth. What career did you break into? What skills and personal attributes made you financially successful?Caffeinated Content

How can succumbing to the disposition effect harm wealth?

Tarek Abou-Rizk asked: How can succumbing to the disposition effect harm wealth?Create a video blog…instantly.

Is wealth money or is the ability to produce what we consume wealth?

iamct01 asked: Back in the 30s we had an industrial might and made what we consume so FDR`s spending was backed up by our industrial might but today we don`t have the wealth to back up our debt, we don`t have an industrial might, it is in China etc. This is why I worry about [...]

What is the statistics for the distribution of global wealth for 2005 or 2006?

Am asked: I got one that quoted 5% of the world’s population owns 90% of the world’s wealth, but they failed to cite their source(s). I need an actual percentage of the global population that owns “x%” amount of the global wealth. I would like it to be as current as possible. Please, also tell [...]

What factors of production would Adam Smith be most likely to identify as the source of a nations wealth?

bunny asked: What factors of production would Adam Smith be most likely to identify as the source of a nations wealth?Kansieo.com

How can too much wealth be a problem for a country?

conebone69 asked: Too much wealth can cause problems for countries. Identify 3 ways in which too much wealth can be problematic for a country, what are 3 problems that arise in wealthy nation-states because of too much wealth?
There has to be an answer, this is for homework…I understand that dispersal of wealth can be [...]

How do measure the wealth generated from free online projects?

Ben B asked: I’m a big fan of Wikipedia, it’s my main page and I’ve spent hours and hours reading articles. I was reading about Wikipedia in the article Wikipedia when I read this:
“In a study of Wikipedia as a community, economics Ph.D. student Andrea Ciffolilli argued that the low transaction costs of participating in [...]