Wealth
in sentence
3143 examples of Wealth in a sentence
But such disasters represent a much larger share of a single country’s
wealth.
No other currency has promised the same degree of security and liquidity for accumulated
wealth.
When investors and central banks place their
wealth
in Treasury bonds and other US assets, the US government can go on spending whatever it needs to sustain its many security commitments around the world, and to finance its trade and budget deficits.
As a result, most countries face a trio of inequalities – of income, wealth, and opportunity – which, left unchecked, reinforce one another, with far-reaching consequences.
Given that affluent households spend a smaller share of their incomes and wealth, greater inequality translates into lower overall consumption, thereby hindering the recovery of economies already burdened by inadequate aggregate demand.
Policymakers seem convinced that the time is not right for a meaningful initiative to address inequality of income, wealth, and opportunity.
On one hand, “growing material
wealth
and advances in science and technology” have enabled unprecedented rates of development.
Without rapid growth, there is no way to reverse persistently high and increasingly structural (and therefore protracted) unemployment; safely de-leverage over-indebted balance sheets; and prevent already-disturbing income and
wealth
inequalities from growing worse.
We should not underestimate the tremendous potential the sun and wind have for building global
wealth
and fighting poverty.
Furthermore, those buying privatized assets may then be reluctant to invest in them; instead, as happened elsewhere, their efforts may be directed more at asset stripping than at
wealth
creation.
All they see are massive, unbending institutions and intolerable inequalities in
wealth
and income, and they blame globalization.
Instead of bowing to polarization and paralysis, policymakers should be promoting growth- and productivity-enhancing infrastructure investments, funded at exceptionally low interest rates, scaling up labor-market reforms, and working to address the growing income and
wealth
inequality that is increasingly limiting access to economic opportunity.
But, while this is good news for some, it is inadequate to arrest the rising inequality of income, wealth, and opportunity – or to unleash the inclusive prosperity that Western economies can and should be generating.
A highly productive society based on a sophisticated division of labor was how you secured “the
wealth
of nations.”
We economists were by and large capital boosters, and our magic formula for economic development was saving, investment, thrift, and
wealth
accumulation.
A few self-serving white men (there are hardly any women or minorities in the blockchain universe) pretending to be messiahs for the world’s impoverished, marginalized, and unbanked masses claim to have created billions of dollars of
wealth
out of nothing.
But one need only consider the massive centralization of power among cryptocurrency “miners,” exchanges, developers, and
wealth
holders to see that blockchain is not about decentralization and democracy; it is about greed.
And, unlike with real money, once your crypto
wealth
is hacked, it is gone forever.
Lastly,
wealth
in the crypto universe is even more concentrated than it is in North Korea.
Now that the retail investors who were suckered into the crypto market have all lost their shirts, the snake-oil salesmen who remain are sitting on piles of fake
wealth
that will immediately disappear if they try to liquidate their “assets.”
After all, though this approach would eventually stimulate demand, it would do so by driving up asset prices – thereby exacerbating
wealth
inequality – and by re-stimulating the private-credit growth that fueled the financial crisis.
In India, this myth is less powerful, but there is a general feeling, shared even by some of the poor, that the rich deserve their
wealth
because of their merit, education, and skills.
If still more money is required, the International Monetary Fund can create a special facility, using its own resources and matching funds put up by Asian governments and sovereign
wealth
funds.
Consider solidarity, which is open to at least two interpretations: static solidarity, which concerns only the distribution of income and wealth, and the broader concept of dynamic solidarity, which concerns the production of income and
wealth
as well.
As China grows, its increasing size, wealth, and urbanization will continue to stoke demand for energy, grains, minerals, and other resources.
Ultimately, emerging economies’ absolute size and rate of growth both matter in charting commodity demand and the future trajectory of global commodity prices, with per capita income clearly linked to consumers’
wealth.
A society’s
wealth
relative to its annual income will grow (or shrink) to a level equal to its net savings rate divided by its growth rate.
2.Time and chance inevitably lead to the concentration of
wealth
in the hands of a relatively small group: call them “the rich.”3.The economy’s growth rate falls as the low-hanging fruit of industrialization is picked; meanwhile, the net savings rate rises, owing to a rollback of progressive taxation, the end of the chaotic destruction of the first half of the twentieth century, and the absence of compelling sociological reasons for the rich to spend their incomes or their
wealth
rather than save it.
A society in which the wealth-to-annual-income ratio is a very large multiple of the growth rate is one in which control over
wealth
falls to heirs – what Geier elsewhere has called an “heiristocracy”; such a society is even more unpleasant in many ways than one dominated by a meritocratic and entrepreneurial rich elite.
And, indeed, Matt Rognlie has attacked (4), arguing that the return on
wealth
varies inversely with the wealth-to-annual-income ratio so strongly that, paradoxically, the more
wealth
the rich have, the lower their share of total income.
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