The year is 1600 AD. Four people who never met before find themselves marooned on a huge island the size of a small continent where no other humans live. Jane Schumaker, Elizabeth Thornston, Tom Seller and Jason Glitterlover all meet and start building a community. They soon notice they differ among the four of them on one core value. - Elizabeth and Jason soon notice they both share a primary core value: Deep at their core, they love the joys of life and accumulating all sorts of things that make life comfortable, luxurious and fun. - They also value accumulating wealth and capital, but not as much as things. - Elizabeth and Jason prefer to put off accumulating wealth and capital until after they first accumulate things. - Tom and Jane soon notice they both share a primary core value: Deep at their core, they love accumulating wealth and capital first and foremost. - They also value the joys of life and accumulating all sorts of things that make life comfortable, luxurious and fun, but not as much as their love for accumulating wealth and capital. - Tom and Jane prefer to put off accumulating things until after they first accumulate wealth and capital. As a result of differences in common core value systems, Elizabeth and Jason spend more and more time together engaged in like-minded diaiogue. Next thing you know they start feeling all woozy inside toward each other and soon marry becoming Mr. and Mrs. Glitterlover. Similarly, Tom and Jane soon marry and become Mr. and Mrs. Seller. As the sole inhabitants of the island called Promise, both couples go about their lives using their primary core values as guiding principles and compasses. They soon procreate and each family passes on their core values to their descendants and toach their descendants to pass on their core values to future generations of their descendants. The families soon diverge into two communities separated by a river. The Sellers live in West River and the Glitterlovers live in East River. The Seller family quickly developed the practice of investing in leather, plastic, and steel to convert into really nice men and women sunglasses, leather bags, and shoes. Compared to today's dollars, the Sellers spend the equivalent of $5 to produce each pair of luxury sunglasses (for the plastic and steel), the equivalent of $50 to produce each luxury bag, and the equivalent of $20 dollars to produce each pair of nice athletic and dress shoes. They place their signature pastel blue sole on the bottom of each pair of shoes and place their family emblem on each pair of glasses and on each bag. Initially, they produce only a small number of items and strategically provide these few ifems to a few key people in East River so all others there can see the lovely items and covet them. They then announce a future massive launch date of each product for a price of $300 (sunglasses), $3000 (luxury bags), and $2,000 (luxurious athletic and dress shoes). Fast forward 10 generations. Many members of the Glittertover family place on layaway and buy thousands of products containing the Seller family emblem. Many use platinum and gold Seller Family Bank \& Trust credit cards to buy goods now but pay for later along with paying ongoing compounded interest payments to the Sellers' bank. At every manner of event, Gltterlover family members hold their heads up high proudly waiking down the street because their apparel boldly bares the proud Seller family emblem. Gitterlover family members unwittingly pay market prices to adom themselves as human advertising biliboards to promote Seller' family brands and emblems: Step 1: In one post: 1. Write a complete sentence that answers the following: For every 1000 sunglasses purchased, plus every 1000 bags sold, and every 1000 pairs of shoes sold, what total dollar amount of wealth is transferred from one community to another? 2. Write a brief explanation on how a person's core economic values and attitudes impact transgenerational wealth transforence and economic status for that person's descendants. 3. explain whether you believe Statement A or Statement B is more accurate than the other. If you believe one or both statements are highly inaccurate, correct itthem: Statement A: It is ethical for any company or group to transfor huge amounts of wealth out of a community such as how the Sollors did to the Gitterlovers. Statement B: It is up to oach community to permit or not permit massive wealth to bo transferred out of the community and into the pockets of non-community members. Step 2: In a second post: 4. add a contribution worthy of a senior level course grade to at least one person in this Discussion forum. - Your contribution must be either a debate, correction, expansion, insight or any other onhancement to the conversation. - You may respond to any students' replies or to their original post(s). - Join in on as many conversations as you like