mikecartwright wrote:
Hello my question what do you think of Wealthy/Rich/Upper Economic Class People about the Economic Problems because to solve the problems or help because they live a Comfortable Life in a Gated Community most likely in Wealthy Neighborhoods they Tolerant Evil to maintain their Wealthy Life Style they won't fight or do anything out of Greed and their Profits and Corporations/Banks/Businesses by the way Im not saying this about all Wealthy or Upper Class People tell me post if you agree with me thank you very much for you're time ?
Hot topic.
I despise the 99% or 1% class warfare garbage because it is about divide and conquer and not social justice.
Most people who would be counted as the top 1% earned their wealth from hard work and sacrifice. Hard work and sacrifice most of the 99% are not willing to do.
This is not to say there aren't many in that top 1% who live in a "just us" club and want to keep it that way. Much of the nonsense in tax policy reform proposed by Warren Buffet and Bill Gates would do NOTHING except ensure that someone who is a younger version of themselves can never become as wealthy as they are today. Heavy taxation on capital gains means the wealthy can still generate wealth, but the poor have a hard time growing their pool of wealth.
I have mixed feelings about the poor. This is because poverty has so many causes, and several of them are individual and community choices.
Most every impoverished nation in this world are that way because of common internal problems, not the wealth being "horded" (which isn't really possible as wealth can be created from nothing and it can be destroyed). Civil wars, unstable/corrupt government, lack of natural resources, lack of education, lack of economic policy that promotes and rewards hard work and entrepreneurship, etc. These things keep nations trapped in poverty. At some point, a people have to CHOOSE to do things that will produce prosperity and growth and CHOOSE to stop doing those things that are counterproductive, but some cultures never seem to learn.
Just as you can't hand freedom to a people who have never bled and died for it and expect it to last, you can't hand someone prosperity and expect it to last. Each generation must strive to maintain and grow the things that benefit them.
This can be observed in the USA with wealthy families that don't go to great lengths to perpetuate their family wealth. Grandpa builds the wealth. Daddy enjoys the wealth but may fail to teach his kids to do their part. Kids spend the wealth but don't grow more of it. Grandkids are back to the poverty that Grandpa grew up in.
The whole concept of the American Dream hinges on successive generations doing what the prior generation did to continually grow the family wealth and prosperity.
Most every self-made millionaire in the USA didn't get that way by SPENDING their money. They got that way in large part by SAVING and investing it.
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I can't say to know the minds of all wealthy people, but I somewhat gave up my "compassion" for those without a long time ago because I came to accept that you "can't fix stupid." Someone who hits hard times, I can have some compassion for. Someone who keeps making the same bad choice in spite of knowing it doesn't work...well, at some point you have to say they get what they deserve.
If you took all the wealth of all the wealthy and tried to distribute it equally, you'd really help nobody. A rich man can help a few people, but that's about it. The problem with helping those in need is that there are so many people who will leach off anyone handing out a free lunch, and it becomes a big job sorting out the leaches from those who legitimately deserve to be helped.
Of course, none of this touches people who actively get into the acquisition of wealth because of the power and prestige it tends to convey. Certainly, people born into wealth (Rockefellers, Carnigies, Kennedys) live in a world where they might think they are better than others because they enjoy a higher standard of living, education, culture, etc. and they pose the danger of an elitist mentality that what they deem is right for the ills of society must be right because of their higher standard of living, education, culture, etc.