Wealth & Poverty Review | Page 4

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A marina filled with luxurious yachts, with an azure sea backdrop, epitomizing the maritime lifestyle of the wealthy
A marina filled with luxurious yachts, with an azure sea backdrop, epitomizing the maritime lifestyle of the wealthy

Who Is Creating More Value For Society? Jeff Bezos or Bernie Sanders?

Michael R. Strain of the American Enterprise Institute has noted: Billionaire innovators create enormous value for society. In a 2004 paper, the Nobel laureate economist William D. Nordhaus found “that only a minuscule fraction” – about 2.2% – “of the social returns from technological advances” accrued to innovators themselves. The rest of the benefits (which is to say, almost all of them) went to consumers. If Amazon founder Jeff Bezos is worth $170 billion, then according to Nordhaus, he’s created over $7.7 trillion in value for society. Bezos has made each American around $23,000 richer. But Vermont Senator Bernie Sanders thinks an innovator’s 2.2 percent is too much. Sanders tweeted “Billionaires should not exist.” Continue reading on Substack.

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George Gilder Joins Bill and Cole Smead Live on A Book with Legs Podcast

From A Book with Legs Podcast: Live from the 2024 Smead Investor Oasis, venture capitalist George Gilder joins Bill and Cole Smead to discuss his latest work, “Life after Capitalism,” in which he redefines capitalism as a knowledge-based system. Gilder presents a vision of the future in which technological advances disrupt traditional capitalist structures, emphasizing innovation and knowledge over wealth accumulation. Listen here:

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woman hand hold supermarket shopping cart with abstract blur organic fresh fruits and vegetable on shelves in grocery store defocused bokeh light background
woman hand hold supermarket shopping cart with abstract blur organic fresh fruits and vegetable on shelves in grocery store defocused bokeh light background

Time Pricing Mark Perry’s Chart of the Century

Time prices are a better way to measure standards of living. Read More ›
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Man walking on campus or university
Man walking on campus or university

TVs Versus Degrees

Government heavily subsidizes demand and restricts supply in higher education. We should not be surprised when this translates into much higher prices. Read More ›
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Rows of church benches. Selective focus.
Rows of church benches. Selective focus.

How Christian Homeless Shelters Are Changing

Over the years I visited other Christian shelters in California and Colorado, Texas and Missouri, and Illinois and Pennsylvania, and saw some fairly low common denominators. Read More ›
lovely-christmas-tree-with-beautifuly-packed-presents-boxes-under-it-stockpack-adobe-stock
Lovely christmas tree with beautifuly packed presents boxes under it
Lovely christmas tree with beautifuly packed presents boxes under it

The 12 Items of Christmas and Abundance

Wage growth outpaced 11 of the 12 items reviewed. Read More ›
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Family praying holding hands at Thanksgiving table. Flat-lay of feasting peoples hands over Friendsgiving table with Autumn food, candles, roasted turkey and pumpkin pie over wooden table, top view
Family praying holding hands at Thanksgiving table. Flat-lay of feasting peoples hands over Friendsgiving table with Autumn food, candles, roasted turkey and pumpkin pie over wooden table, top view

Thanksgiving will be 13 Percent More Abundant This Year

Remember it’s not how expensive things are, it’s how affordable they are that counts. To measure affordability we must compare prices to wages. Read More ›