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The content of the gorgeous whatsit seems a rhyming of conspicuously consumed wealth with show-off eroticism.
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Furthermore, when we question a development project, the first test is whether it yields a positive net present value, in other words whether development value is realised in return for environmental losses.The world is littered with boondoggles that consume wealth rather than produce it and also do harm to the climate, biodiversity, or both, in the bargain.
The impact of these various expenditures is a function of the propensity to consume wealth locally.
To save and invest is to expand capital, while selling assets in order to consume wealth is to destroy limited capital.
Mr. Kotlikoff argues that over a lifetime most people spend just about everything they earn from their work and investments, so that those who avoid taxes on their savings now would end up paying later when they consume their wealth.
argued that while bequests like this will play a role, many elderly people may consume their wealth rather than passing it on, especially for long-term care.
The American people, by the way, will have little more to say about the resolution of the war -- though it consumes our wealth and our soldiers, too -- than the Afghans.
Now one pressing need is to fulfil an aspiration she never realised: a dramatic reduction in the proportion of national wealth consumed by the state.
"In sum, we find that households with low income or low liquid wealth consumed more of their rebates than typical [households did] …" the authors wrote.
Take wealth for example.
Rather than use credit as a foundation for wealth-creation, it was erroneously treated as actual wealth, and consumed.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com