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Re:Moody’s: Why the U.S. Is Still AAA by ars on Monday August 08, 2011 @05:02PM (#2861572)
Cars are not real wealth, they are negative wealth since they cost money, but don't make money.

Wealth is owning things that can make money, not things that are money or that were bought with money.

Re:Moody’s: Why the U.S. Is Still AAA by dpark on Monday August 08, 2011 @05:26PM (#2861654)
Your definition of wealth is broken. A car is wealth. It may be a depreciating asset, but it is still wealth. It has value in its materials. It has value in its construction. It has value in its utility. A car most certainly can make money.

Wealth consists of all things that have value. Shares in a company are wealth. Dollars in your pocket are wealth. A house is wealth. A coal mine is wealth.

Re:Moody’s: Why the U.S. Is Still AAA by rfurmani on Monday August 08, 2011 @05:58PM (#2861757)
Are you thinking Robert Kiyosaki's adamant distinction between asset and liability? Wealth is a different thing and cars are a form of it.
Re:Moody’s: Why the U.S. Is Still AAA by hugh3 on Monday August 08, 2011 @05:17PM (#2861623)
You're using a rather odd definition of "wealth" there. Cars are wealth because they are useful... and indeed can be used to make money.
Re:Moody’s: Why the U.S. Is Still AAA by pchristensen on Monday August 08, 2011 @05:20PM (#2861634)
don't make money

A lot of people live farther than walking distance away from work.

Re:Moody’s: Why the U.S. Is Still AAA by gnaritas on Monday August 08, 2011 @06:28PM (#2861827)
> Wealth is owning things that can make money

No, that's an asset. A car is wealth, and could be either an asset or a liability, depending on the car and what you do with it, but it's still wealth.