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The Concept of Scarcity
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Scarcity - The state of being in short supply. A basic economic problem of limited resources and limitless wants. Figuring out ways to make the best use of scarce resources.

Population
320 million - United States
81 million - Germany
127 million - Japan
1.6 billion - China

Gross Domestic Product (GDP)

18 trillion - United States
3 trillion - Germany
4 trillion - Japan
11 trillion - China

Motor vehicle production
12 million - United States
6 million - Germany
9 million - Japan
25 million - China

Armed forces personnel
1.4 million - United States
220,000 - Germany
240,000 - Japan
2.8 million - China

Exchange Rate
1 USD - United States
0.89 Euro - Germany
193 Yen - Japan
6.68 Yuan - China

Land Mass
3.7 million square miles - United States
138,000 square miles - Germany
146,000 square miles - Japan
3.7 million square miles - China

Global Food
479 million tons - Rice
735 million tons - Wheat
1.2 billion tons - Course Grain (includes Corn)
521 million tons - Oilseeds (includes soybeans)

Global Water
71 percent of the Earth is cover in water
97 percent of the water is in the oceans
321 million cubic miles in the Oceans
6 million cubic miles is frozen
3,000 cubic miles is in the atmosphere
3 million cubic miles is fresh ground water
42,000 cubic miles is in fresh lakes

U.S. Government in 2015
3.2 trillion collected in taxes (average of $22,000 collected from each worker)
3.7 trillion spent
500 billion deficit for the year
National debt is the accumulation of annual deficits plus the interest owed for the borrowed money.
19 trillion in debt

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Posted on: 2016/10/8 13:17
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Re: The Concept of Scarcity
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There is a finite number of:
- businesses in a state
- employees in a business

There is a limit to amount of FREE stuff that can be handed out to buy votes.

Posted on: 2016/10/8 13:22
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Re: The Concept of Scarcity
#3
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Theirs also a limit on how much you can tax people and businesses before you tax everyone out of their business,jobs and their homes. Which comes back to the handing out of free stuff(Which also kills the insentive to work). The more free stuff they hand out. The more the government is gonna have to raise taxes. To make up for the loss. And its harder taking it away. Then giving it out(way of buying votes. And in my book is a form of political slavery). Once people have it and depend on it. Which puts our economy in the whole even more. with less products being produced due to regulations and too high of taxes. Means we export less on the market and import more. And all the company and jobs are moving out of the country. Which is racking up debt and swamping this country.

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There is a limit on how much you can tax before you tax everyone out of their business, out of their jobs, and out of their homes.

Handing out free stuff kills the incentive to work. The more free stuff the government hands out, the more the government is going to have to raise taxes. Once folks have their income supplemented, it becomes harder to take it away. Giveaways are a way of buying votes and, in my book, they a form of political slavery. Giveaways put our economy in the hole even more. Fewer products are produced due to high taxes and excessive regulations. The companies move out of the country to get out from under the extra cost so they can make a profit to satisfy their stockholder. The issue accumulates with fewer products to export and requires more products to be imported. We rack-up crushing debt and swamp the country into a state of decline.


Fras, I cleaned it up; if you are interested.

Posted on: 2016/10/8 17:28
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Re: The Concept of Scarcity
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im not sure how to put the actual video in but....yeah must watch!

Posted on: 2016/10/8 18:01
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Re: The Concept of Scarcity
#5
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Fras, please make sure I did not delete one of the videos.

Posted on: 2016/10/8 19:26
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Re: The Concept of Scarcity
#6
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You didn't they are all there. Also thanks for cleaning that up scriv. It was a little wonky.

Posted on: 2016/10/9 6:29
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