Donald A Ax - Organic Wealth: Create Your Own Slice of Pie

ORGANIC WEALTH

Create Your Own Slice of Pie

Donald A. Ax

Organic Wealth

Liberty Word Publishing

LibertyWord.com

Copyright 2020 by Donald Ax

All rights reserved.

This book or any portion thereof may not be reproduced or used in any manner whatsoever

without the express written permission of the publisher

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Wholesale discounts are available for print copies. Please contact the publisher.

eBook ISBN: 978-1-7346656-1-1

As of 2019, according to analysis by Credit Suisse, global household wealth stood at over $360 trillion USD. The wealth management bank also projects by 2024 the global wealth of households will be $459 trillion. Thats a 27.5% expansion of new wealth in just five years.

The rise in new global wealth will not happen because it drops from the sky or will it be from volcanic lava flows arising out of the earth. But instead, individuals for the most part will create wealth by providing value in their respective economies.

I wrote Organic Wealth because many people believe wealth is distributed unfairly. Further, they conclude a small group of elites are the ones who are able to access the greatest proportion. The rest of society is then left with the little remaining.

While some injustices occur that disrupt the free market, wealth altogether isnt carved out from some finite source. On the contrary, wealth is generated by everyday people who exchange their labor or talent for a paycheck. Since wealth isnt from some constant source, anyone at any time can create new wealth and add to the global wealth number.

Many of us have to broaden our view of the famous wealth pie. Pieces are not sliced up and served on pretty saucer plates. The wealth pie continually expands from those who meet demand in a marketplace by providing value in exchange for compensation. This book aims to prove this is true.

Since there are many people who assume wealth is distributed unequally, the Democratic Party uses that talking point for political purposes. This allows them to push for higher taxation and wealth redistribution policies. It has even progressed to the degree that socialism is viewed as a viable economic system where, they allege, theres fairness and equal outcomes.

The initial three chapters of Organic Wealth will be how wealth is created and how unlimited its formation is. Readers will also learn by what means they too can expand the wealth pie. Anyone who doesnt know how they can create something from nothing will soon have open doors of opportunity all around them. This should encourage even more organic wealth production.

Moving on from how wealth is created, the next two chapters are regarding the economic environment most conducive to organic wealth and about personal property rights. Well learn for someone to demand something, they have to supply something. Next, well see that private property rights are a prerequisite to reaping the financial rewards of supplying something to a market. This allows income earners to demand other products or to create wealth.

The next portion of this book examines the government utilizing the tax code to confiscate personal property. Of particular interest is the lefts wealth tax and why I contend its unconstitutional. Once challenged, any attempt to enact such legislation by Congress will be struck down by the Supreme Court. There is a workaround, however, our government leaders could utilize to accomplish much of the same thing. The solution to this is what I dubbed, the Organic Wealth Amendment.

The last three chapters deal with democratic socialism, the Nordic countries and how socialism turns the wealth pie into a zero sum game. We will discover Scandinavian economies arent even socialist as some claim but rather, capitalist. You will learn further the Democrats dont really want the Nordic Model, but are pushing for democratic socialism, which will destroy organic wealth creation and make the land barren.

Once you reach the end of the last chapter, please finish by reading the Afterword. This is about what you can do next and how to connect with me online. Now that you have an idea of where were heading, lets turn the page on this Introduction and jump into the first chapter, Wealth is Created.

- ONE

I love blueberry pie, so I certainly dont want just a thin slice of it. Only a large piece will suffice to experience the delicious fresh blueberry filling. If wealth were a finite pie, as some believe, then most of us would be left wanting never able to enjoy a full slice.

It would mean natural resources were the sole filling and valuable land was its crust. Whoever owned or controlled them would be the ones with all the wealth in our society. Natural resources and land are without a doubt a part of existing wealth, but placing value on just these sources is not a complete accounting of wealth.

Most people understand wealth is more than natural resources, but many still believe theres a giant pie of wealth out there thats divided up. They believe the rich owns a majority of whats accessible and the rest of us share the leftover sliver. If you were to ask them, they would maintain wealth is not distributed equitably.

Thanks to the news media, it may just appear its impossible to have more wealth without the government intervening to achieve some sort of equity. The catastrophe, news reports claim, is the gap between the rich and poor is wider than its ever been. They say that this widening gap is because the rich almost entirely benefit in capitalism while the poor get left out. The reason is because of the inequitable distribution of wealth in our nation. The takeaways from these reports are that its unfair and its the fault of capitalism.

Its not just the news media either. Many on the political left also see capitalism and free markets as the reason why wealth is not distributed fairly. They want their piece of the pie so they advocate for socialist policies that would give it to them.

This unfair distribution false narrative lacks the understanding new wealth can be created and wealth creation benefits all of us. The great thing about the free market capitalist system of the United States is wealth does not have to be redistributed as those on the left insist. Rather, wealth can be created organically by anyone at any time. Indeed, you can have a bigger portion of the pie without taking it from someone else.

Its easy to consume income. Nobody needs to hire a professional consumption planner or to listen to some guru on television whos selling seminars on how to spend money. Since spending is so easy, its the default position for most people. Often, as long as we can afford it, any salary is almost entirely consumed trying to fulfill the desire to have the best possible life. Its completely natural to want the nicest housing, transportation and everything else. Therefore, gratification is what drives our spending.

Living within our means and creating organic wealth will allow us to have a fulfilled life for our entire lives. This is why training kids early on is imperative for their future financial success. A personal finance class should also be mandatory at school teaching young people about the dangers of consumer debt and, of course, how they can create organic wealth.

Most Americans spend nearly their entire salary on living for today and find it difficult to see past their next payday. According to a Career Builder survey, 78% of full-time workers live paycheck to paycheck. This means three out of four people have very little saved. Even more astonishing, the survey found approximately 10% of those making six-figure incomes lived paycheck to paycheck.