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Wealth

Abundance of value

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Wealth: Abundance of value
Wealth is the abundance of valuable financial assets or physical possessions which can be converted into a form that can be used for transactions. This includes the core meaning as held in the originating old English word weal, which is from an Indo-European word stem. The modern concept of wealth is of significance in all areas of economics, and clearly so for growth economics and development economics, yet the meaning of wealth is context-dependent. An individual possessing a substantial net worth is known as wealthy. Net worth is defined as the current value of one's assets less liabilities.

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Trump is floating another tax cut. But the last thing we need is more breaks for the rich.

Why is it so important that the rich pay more? Those at the top benefit much more from all the public investments we finance with our tax dollars.
USATODAY.com - Published

How a Tax Break to Help Poor Communities Became a Bonanza for the Rich

Opportunity zones were created as part of the Trump tax law to lure investment to distressed areas. But much of the money is fueling real-estate developments targeting the affluent.
NYTimes.com - Published

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