Black Money Business Jobs : Wealth

Shikamaru

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May 7, 2011
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Definition

    1. An abundance of valuable material possessions or resources; riches.
    2. The state of being rich; affluence.
  1. All goods and resources having value in terms of exchange or use.
  2. A great amount; a profusion: a wealth of advice.
Etymology
mid-13c., "happiness," also "prosperity in abundance of possessions or riches," from M.E. wele "well-being" (see weal (1)) on analogy of health.
"well-being," O.E. wela "wealth," in late O.E. also "welfare, well-being," from W.Gmc. *welon, from PIE base *wel- "to wish, will" (see will (v.)). Related to well (adv.).

The term wealth began as the term weal meaning health, well-being, and happiness. Over time it has come to mean affluence.
Wikipedia has an interesting article on wealth. This section stood out for me:
Wealth and social class

Social class is not identical to wealth, but the two concepts are related (particularly in Marxist theory), leading to the combined concept of Socioeconomic status.
Partly as a result of different economic conditions of life, members of different social classes often have different value systems and view the world in different ways. As such, there exist different "conceptions of social reality, different aspirations and hopes and fears, different conceptions of the desirable."[20] The way the various social classes in society view wealth vary and these diverse characteristics are a fundamental dividing line among the classes. According to Richard H Ropers, the concentration of wealth in the United States is inequitably distributed.[21] In 1996, the United States federal government reported that the net worth of the top 1 percent of people in the United States was approximately equal to that of the bottom 90 percent.[6]
The upper class

Upper class values include higher education, and the wealthiest people the accumulation and maintenance of wealth, the maintenance of social networks and the power that accompanies such networks. Children of the upper class are typically schooled on how to manage this power and channel this privilege in different forms. It is in large part by accessing various edifices of information[clarification needed], associates, procedures and auspices that the upper class are able to maintain their wealth and pass it to future generations.[22]
The middle class

The middle class places a greater emphasis on income. The middle class views wealth as something for emergencies and it is seen as more of a cushion. This class comprises people that were raised with families that typically owned their own home, planned ahead and stressed the importance of education and achievement. They earn a significant amount of income and also have significant amounts of consumption. However there is very limited savings (deferred consumption) or investments, besides retirement pensions and home ownership. They have been socialized to accumulate wealth through structured, institutionalized arrangements. Without this set structure, asset accumulation would likely not occur.[22]
The lower class

Those with the least amount of wealth are the welfare poor. (see underclass) Wealth accumulation for this class is to some extent prohibited. People that receive AFDC transfers cannot own more than a trivial amount of assets, in order to be eligible and remain qualified for income transfers. Most of the institutions that the welfare poor encounter discourage any accumulation of assets.[22]

.....

Wealth in the form of land

In the western tradition, the concepts of owning land and accumulating wealth in the form of land were engendered in the rise of the first state, for a primary service and power of government was, and is to this day, the awarding and adjudication of land use rights.

To acquire wealth (as used in the modern sense) requires ownership of property (or resources) which produces revenue/income.

I also believe we may be conflating finance with economics and the terms contained therein both.​

I'm sure we all have our own personal definitions of and views on wealth.​
 
In my opinion dont think you can be wealthy unless you own 2 or more of the following: real properties, land, homes resources in abundance such as silver gold, diamonds or any other metal and precious stones of value. How do we know this? When a dictator is kicked out of a country whats the first thing they take? GOLD.... because it will never loose value under western values of greed and if you have enough of it u can buy absolutely anything.
 
In my opinion dont think you can be wealthy unless you own 2 or more of the following: real properties, land, homes resources in abundance such as silver gold, diamonds or any other metal and precious stones of value. How do we know this? When a dictator is kicked out of a country whats the first thing they take? GOLD.... because it will never loose value under western values of greed and if you have enough of it u can buy absolutely anything.

This parallels to some degree my thoughts.
In my opinion, one most have land, food, seeds, fuel, and other physicals to have wealth.
Gold is the metal of the rich. I find silver to be far more accessible than gold. Silver is said to be the money of the people.

I will make distinction between public wealth and private wealth.
 

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