And, hardhearted though it may sound, most of the gains from trade and technology alike come from the way they redeploy investment and labour to activities that create more wealth.

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The Republican wants to cut taxes on business and on capital gains, which he says would create more wealth.

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Facebook is this kind of network: centrally controlled, designed to create wealth, and constantly re-shaped to be yet more engaging.

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It is because a stronger dollar signals more investment on the margin flowing into the stock and bond income streams set to create the wealth of tomorrow.

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Income taxes generally do more economic harm because they are a direct penalty on saving, investment and labor that create new wealth.

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