“Flat screen TV’s are not wealth.”
Oh, then you will give me yours for free then? If it’s not wealth, then you are saying it is worthless.
“Flat screen TV’s are not wealth.”
“Oh, then you will give me yours for free then?”
In two years, yes. Come and take it away!
“If it’s not wealth, then you are saying it is worthless.”
Nope.
It’s not either “wealth” or “worthless”.
Consumer goods are not “wealth”.
Even though they have value (for now), You don’t accumulate wealth by buying flat screen tvs.
Capital, such as the factories that produce the TV’s, or interest/dividend paying wads of cash, is wealth.