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Slash taxes and the Treasury will actually collect more money, Kemp and his allies predicted, as the economy creates new wealth and jobs doing more to lift up the poor than any bossily bureaucratic welfare scheme.
Joseph Schumpeter, the economist who talked about "waves of creative destruction," could have predicted as much: Change washes out wealth even as it creates new wealth.
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It's created new wealth, new jobs, new opportunities.
"We became the greatest nation by creating new wealth".
For centuries, technological advances have helped create new wealth and have increased GDP.
"Technological advances can help create new wealth and increased GDP," she said in a statement.
In Youngstown, in the south, we've got to create new wealth in this new economy.
America didn't become the greatest nation on earth by spreading the wealth; we became the greatest nation by creating new wealth".
If he realizes his ambition to create a stock market and offer shares in his company, he will have created new wealth.
Instead of being used to expand productive investment and create new wealth, a tidal wave of hot money caromed around the world in search of the fastest returns.
While past business models succeeded by extracting value from employees and customers, future business models will succeed by partnering with employees and customers to create new wealth together.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com