And yet, for the millions of people that walk into the doors of Walmarts across America each day - what for them?
Cheap disposable crap of no real long term value and an ever shrinking standard of living.
This is one of the driving forces behind wealth inequality.
Today you and I each spend 10k.
For my 10k, I buy some undeveloped acreage ten miles from the city.
For yours, you buy a car.
In twenty years my 10k has grown into 50-100k because as the town grows outward demand for property skyrockets.
In twenty years your 10k car is maybe 200lbs of scrap.
My land grew in value because it represented inherent wealth.
Oh, I also sank a nice gas well on my property that has made me 10K per year every year since I bought it because I was smart enough to get 100% of the minerals when I bought as well.
My initial 10k has now grown to several about 300k because again, the wealth was already in the ground.
