In other words, wealthy people are not the enemy, did not "win life's lottery," and are not to be vilified.
What do you think most wealthy people do with their wealth? Sit on it and count it?
Most wealthy people buy stuff with it: Jaguars; LCD wide-screens; mansions, etc., thus adding to the economy.
They also build businesses and pay people to work for them.
In America, it is entirely economically possible for every person who is willing to do what it takes to become wealthy to do so.
You can be a Bill Gates, a Steve Jobs or even (Heaven forbid) a George Soros if you want to be.
It takes education, drive, ambition, risk and stick-to-it-iveness, but you can do it if you want to. There is absolutely nothing stopping you.
"At some point people have made enough money..." opined President BO.
Oh, yeah? And at what point is that? Who decides? You? Not if I can help it you won't.
Actually, that's for THEM to decide, not you and not the government.
Far from being penalized with high taxes for generating wealth, the wealthy should be rewarded for the immense extra productivity they contribute to the society as a whole.
It turns out that wealth is not a zero sum game.
If you haven't watched the video, take ten minutes now...go back and watch it...you'll learn a lot (if you really have an opened mind).
5 comments:
This is a basic tenet of economics. Money has no intrinsic value: You can't eat it or build something out of it.
This is where the working man has an opportunity of getting some of the rich man's money: Offer something of worth in exchange for some of that cash.
It really is a simple principle, why can't liberals grasp it?
Silverfiddle: Liberals have closed minds...minds closed on both ends. Nothing in there is capable of being changed or of engaging in any real learning.
well said ..our economy is in deep trouble with Hussein and his ilk..is it Nov yet??!!
WHT: It's just around the proverbial corner!
You want to know a dirty little secret, Joe? The Left knows that wealth can be created from nothing, too.
That video can be proved by simply taking a stick (at almost no cost), and whittling a cane out of it. From nothing of particular value, to something somebody would pay for. Nobody took anything away from anybody else in this example.
But knowing that universal truth does not serve them well, politically. Accordingly, they are the ones telling their constituents (a.k.a. rank and file Democrats) that they should hate rich people because they got rich taking the money and food off of the poor people's table.
The Left knows exactly how wealth is made, accumulated and passed on to their heirs, as many in the Left leadership positions are themselves wealthy individuals.
But getting the masses to hate rich people translates to votes for them, and as such I would consider the use of class envy in American politics as evil.
And Democrats use this tool each and every election, and it's nowhere near true.
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