How is Real Wealth Created?

Assorted time wasters and wealth destroyers… snapchat and crack – to the right you can see the late Rob Ford (former mayor of Toronto) taking a hit from his crack pipe.

Check your children’s smart phones, tablets, and laptops. Let us know what you find. Foolish, idle, insipid – most of what we see in social media is a waste of time. And what about the internet? Was that just a summer delusion, too? Maybe. Since the internet took off, economic growth rates have been roughly cut in half.

And the median American household income has fallen 20% when you account for real inflation, not the government’s phony inflation figures.

What kind of service is that?

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s