The Rise of the Rest – Newsweek

[CA renter]

Government’s role in the USA is income redistribution. This creates massive disincintives to work hard and save and a huge incentive to sign up to be on the receiving end of the redistribution gravy train.

AND:

Add to all that the reality that wealth concentration is accellerating.
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Which one is preferable? The wealth disparity or the “redistribution of income”? You either want power and money to be further concentrated, or you want the income to be redistributed back to the working people (most of those who are truly wealthy do not work, they just live off the productive labor of others).

I think this is one of the issues that the PTB (mega-banks & corporations) try to manipulate in the minds of U.S. citizens. They try to convince J6 (that’s most of us, if we have to “work” for a living) that he, too, can be “rich” if only he works hard enough. This argument between fiscal conservatives & liberals keeps us fighting amongst ourselves while they (banks/corps) make off with the loot.

I can show you one example after another of people who’ve worked very hard and lived frugally all their lives, with very little to show for it. I can also show you one example after another of people who do very little work — even those who assist in the destruction of our economy (witness the credit bubble, and all the bubbles it’s created) — and they have many millions, if not billions of dollars.

The greatest determinant of wealth, IMHO, is how close a person is to those in power (already wealthy). Power begets money, money begets power, power begets money, etc. Those with money control Congress and can even hold sway over court decisions.

Everything is relative. If you make $100K, but everyone else is making $70K, then you are rich, financially-speaking. I don’t believe for a second that higher taxes prevent anyone from legitimately earning more money. Since all people over the given limits would be taxed equally, you’d still be wealthy and have all the advantages, when compared to others below you in income-earning capacity. Your lifestyle would still be significantly better than theirs.

Even if it were so, someone else would pick up the slack, and earn that money, instead. That would actually be better, as the wealth could be divided more equally, and people would have more free time (since they would somehow lose the incentive to work, if taxes were higher).

[kewp]

Ok, after reading this story I’m convinced that America is stupid and we *deserve* to fail:

http://www.local6.com/news/16169506/detail.html?rss=orlpn&psp=news

[kewp]

Ok, after reading this story I’m convinced that America is stupid and we *deserve* to fail:

http://www.local6.com/news/16169506/detail.html?rss=orlpn&psp=news

[kewp]

Ok, after reading this story I’m convinced that America is stupid and we *deserve* to fail:

http://www.local6.com/news/16169506/detail.html?rss=orlpn&psp=news

[kewp]

Ok, after reading this story I’m convinced that America is stupid and we *deserve* to fail:

http://www.local6.com/news/16169506/detail.html?rss=orlpn&psp=news

[kewp]

Ok, after reading this story I’m convinced that America is stupid and we *deserve* to fail:

http://www.local6.com/news/16169506/detail.html?rss=orlpn&psp=news

[Aecetia]

U.S. promises cannot be trusted – Gorbachev. “The United States cannot tolerate anyone acting independently. Every U.S. president has to have a war,” he concluded, also saying that the world had squandered the chance in the decade after the Cold War to “build a new world order.”

http://en.rian.ru/russia/20080507/106798164.html

[Aecetia]

U.S. promises cannot be trusted – Gorbachev. “The United States cannot tolerate anyone acting independently. Every U.S. president has to have a war,” he concluded, also saying that the world had squandered the chance in the decade after the Cold War to “build a new world order.”

http://en.rian.ru/russia/20080507/106798164.html

[Aecetia]

U.S. promises cannot be trusted – Gorbachev. “The United States cannot tolerate anyone acting independently. Every U.S. president has to have a war,” he concluded, also saying that the world had squandered the chance in the decade after the Cold War to “build a new world order.”

http://en.rian.ru/russia/20080507/106798164.html

[Aecetia]

U.S. promises cannot be trusted – Gorbachev. “The United States cannot tolerate anyone acting independently. Every U.S. president has to have a war,” he concluded, also saying that the world had squandered the chance in the decade after the Cold War to “build a new world order.”

http://en.rian.ru/russia/20080507/106798164.html

[Aecetia]

U.S. promises cannot be trusted – Gorbachev. “The United States cannot tolerate anyone acting independently. Every U.S. president has to have a war,” he concluded, also saying that the world had squandered the chance in the decade after the Cold War to “build a new world order.”

http://en.rian.ru/russia/20080507/106798164.html

[surveyor]

meritocracy

For better or worse, the U.S. is a meritocracy. Your success depends on your ingenuity, hardwork, genius, and ability. Hard work in and of itself is not a guarantee of success and in fact, there are no guarantees for success here at all.

Is it harder than it used to be? Sure. There will always be external pressures that will change the economies and leave some people in the dust. Is it impossible to succeed? No.

But the problem with the “divide the wealth more equally” argument is that not everyone is equally deserving of that wealth. In fact, it is the opposite, because those who have accumulated that wealth are probably in a better position to make more efficient use of that wealth. I mean, not every rich person in the world is a globe-trotting dilenttante who spends money like water. That’s the illusion. There are a lot of rich people who use their money wisely, donate it, and in fact make good use of their money.

When you want to “divide the wealth more equally”, who decides how the money is to be used? The gov’t? I mean, because clearly they have such a terrific track record of working with money!

Who are you going to give it to? The so-called average American who can’t even save money for themselves?

That’s why the wealthy are wealthy – for the most part, they know how to manage their money.

[surveyor]

meritocracy

For better or worse, the U.S. is a meritocracy. Your success depends on your ingenuity, hardwork, genius, and ability. Hard work in and of itself is not a guarantee of success and in fact, there are no guarantees for success here at all.

Is it harder than it used to be? Sure. There will always be external pressures that will change the economies and leave some people in the dust. Is it impossible to succeed? No.

But the problem with the “divide the wealth more equally” argument is that not everyone is equally deserving of that wealth. In fact, it is the opposite, because those who have accumulated that wealth are probably in a better position to make more efficient use of that wealth. I mean, not every rich person in the world is a globe-trotting dilenttante who spends money like water. That’s the illusion. There are a lot of rich people who use their money wisely, donate it, and in fact make good use of their money.

When you want to “divide the wealth more equally”, who decides how the money is to be used? The gov’t? I mean, because clearly they have such a terrific track record of working with money!

Who are you going to give it to? The so-called average American who can’t even save money for themselves?

That’s why the wealthy are wealthy – for the most part, they know how to manage their money.

[surveyor]

meritocracy

For better or worse, the U.S. is a meritocracy. Your success depends on your ingenuity, hardwork, genius, and ability. Hard work in and of itself is not a guarantee of success and in fact, there are no guarantees for success here at all.

Is it harder than it used to be? Sure. There will always be external pressures that will change the economies and leave some people in the dust. Is it impossible to succeed? No.

But the problem with the “divide the wealth more equally” argument is that not everyone is equally deserving of that wealth. In fact, it is the opposite, because those who have accumulated that wealth are probably in a better position to make more efficient use of that wealth. I mean, not every rich person in the world is a globe-trotting dilenttante who spends money like water. That’s the illusion. There are a lot of rich people who use their money wisely, donate it, and in fact make good use of their money.

When you want to “divide the wealth more equally”, who decides how the money is to be used? The gov’t? I mean, because clearly they have such a terrific track record of working with money!

Who are you going to give it to? The so-called average American who can’t even save money for themselves?

That’s why the wealthy are wealthy – for the most part, they know how to manage their money.

[surveyor]

meritocracy

For better or worse, the U.S. is a meritocracy. Your success depends on your ingenuity, hardwork, genius, and ability. Hard work in and of itself is not a guarantee of success and in fact, there are no guarantees for success here at all.

Is it harder than it used to be? Sure. There will always be external pressures that will change the economies and leave some people in the dust. Is it impossible to succeed? No.

But the problem with the “divide the wealth more equally” argument is that not everyone is equally deserving of that wealth. In fact, it is the opposite, because those who have accumulated that wealth are probably in a better position to make more efficient use of that wealth. I mean, not every rich person in the world is a globe-trotting dilenttante who spends money like water. That’s the illusion. There are a lot of rich people who use their money wisely, donate it, and in fact make good use of their money.

When you want to “divide the wealth more equally”, who decides how the money is to be used? The gov’t? I mean, because clearly they have such a terrific track record of working with money!

Who are you going to give it to? The so-called average American who can’t even save money for themselves?

That’s why the wealthy are wealthy – for the most part, they know how to manage their money.

[Author]

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