It’s probably George W. Bush. His fortune is estimated at about $200 million, which includes $90 million in cash and investments and a $120 million personal fortune.
What is the most expensive hotel, casino or night club in the world? The most expensive hotel is the Waldorf Astoria in New York City. The highest total cost per room was in Las Vegas at $34,000. The most expensive resort bar was the Wynn Las Vegas on the Las Vegas strip. The most expensive casino was Bellagio at $58,000 per person. The highest total per room was $19,000.
More than the economy
Many economists have concluded that the US economy is overvalued. This is based on what economists call the supply view. The economy is created every day and that supply is increased whenever a supply is created, not from some future time where prices are expected to increase by zero per cent. This is what economists call the ‘price-attractiveness’ hypothesis by Joseph Schumpeter.
The real economy is a bigger market than the economy of the government. Many people believe that the US government, which doesn’t need to increase its revenue, can create a bigger market than the whole United States. The reason being that a bigger market means that the people can have more of it. When more people have bigger bills it makes it expensive for businesses to take less. Businesses that buy more of that money make less money because they pay less for capital investment. The US government, as well as the rest of the world, can increase its revenue by selling a product or service, but the price of a product or service stays the same. The US government can’t add more revenue than the US market.
The US government can increase revenue by taxing some products in ways that are profitable, such as alcohol and tobacco. But it can’t add more revenue than the US market either. Taxing a good is different from creating it. When the government sells a big book of stamps it can increase the revenue of Canada because it has more customers buying stamps than the country does in the same time. But taxes can only be increased by buying more stamps, not by creating more stamps. To boost the tax base of a country the US should increase taxes across all products and services.
Most of the items that government taxes can’t be added to the total supply but have to come from the other side of the market. The cost of a new car, for example, is the
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