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The Rich Tourist

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hangchoi:
I think, in your case, the money is come from the appreciation of asset value.

chin:
Kido's question is very interesting, and I think the answer to that illustrated one of the greatest inventions ever - credit. You are puzzled because you are thinking only in cash terms like a Newtonian - the total energy (cash in this case) in a system is constant.

I need to go to the office now to finish off the golf sim installation. I will answer in more detail later.

But I think the key to your question is the concept of asset (Hang's ides), plus the creation of credit/banking system.

chin:
And BTW before I go, I have to say this.

In our modern world, wealth is created as a function of velocity of cash, not total sum.

wongyan:
I would say rich and poverty is a relative concept.  Similar to what we record our marks when playing snooker.  You can either add 4 points to your rival or deduct 4 points from your own when you hit a wrong ball.  Money is even more complicated nowadays since government can issue more cash without gold! so it really means that money is no longer a "valid" representation of your belongings.  Your belongings or what you deserved to have in the future will diminish day after day if you don't invest.  In fact, you have to invest aggressive enough to overcome the "inflation".  what a complex world!!

kido:

--- Quote from: hangchoi on 03 August 2010, 11:38:07 ---I think, in your case, the money is come from the appreciation of asset value.

--- End quote ---

I think I agree with you. Appreciation is a reason.. But it will inevitably induce inflation, and hence "earning" to the people is just an illusion, in fact their buying power is reduced.   And in terms of Newtonian explanation: the wealth is conserved.

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