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Ep 169: Livestream & Happy New Year

ToKCast

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The Importance of Knowledge

When you take resources out of the ground, you rearrange them in different ways to make widgets and things which make everyone wealthier. The cost of the material I'm speaking to people right now on a Macbook is about 50 American dollars. It certainly doesn't come to the some thousands of the computer is worth. So why how has it gone from this raw materials that worth some hundreds of dollars when rearranged become a device worth thousands? Governments have to figure out ways to increase wealth and way to not increase wealth is to tax people. To reduce regulations on companies that are using resources and transforming them into technology.

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