just like all the congresscritters just happen to go on to become multimillionaires after elected....gee how does that happen...oh that's right they earned it...
can't we realize that its all a rigged system for the favored and every law, regulation, fee, tax etc is designed to keep almost all of Americans down EXCEPT the rich....
Americans working hard, living modestly and not spending like crazy should by all rights be rich at the end of their work life.....why aren't they?.....the system....
no sympathy for the rich and all their "problems"....we should be so burdened....
Yes, still the same FR. Mostly conservatives.
Nothing could be further from the truth. That money is the very definition of capital, and it is invested in companies who produce goods and services that benefit the economy as a whole, in return for a profit. Which creates more capital
(If the allocations are badly managed, as in the current case of Disney), that capital drains off into the hands of better managers.)
The private allocation of capital is what makes capitalism so successful. Good decisions are automatically rewarded, bad decisions are automatically penalized.
The alternative these maroons are advocating rips control of that capital out of the hands of those who will use it efficiently, and allocates it to political ends which invariably enrich a few favored elites, but never efficiently produce goods and services. That's how both Fascism and Communism operate, and that is why the Soviet Union collapsed. A perfect example of the mis-allocation of capital by political force is these billion-dollar subsidies of wind and solar power generation.
Politicians, millionaire, billion aires - much of what you say is true.
The only problem I have with them is - they don’t steal fairly.
That is said tongue-in-cheek.
For 45 years I played the suckers’ game. For 15 years I played my game. Now I’m retired. I pay myself. I live well, thank you. The best part is the government(s) don’t get one thin dime from me.
You just need to stop and think about it.
“Americans working hard, living modestly and not spending like crazy should by all rights be rich at the end of their work life.....why aren’t they?.....”
Many are, Cherry.
Permit me to recommend two eye-opening books about American millionaires, based on actual research.
The first is “The Millionaire Next Door”, which describes the author’s research and tells the reader who the overwhelming majority of American millionaires are and who they are not.
The second book, by the same author (whose name escapes me at the moment) is “The Millionaire Mind”, reveals how those millionaires think about money and wealth; how they save, spend, plan, gift, and invest. Here’s an interesting tidbit: nearly all of the millionaires have a written budget to which they abide. Many have a YEARLY written budget, not just a monthly budget. They know where every dollar goes!
Here’s another tidbit: most millionaires do not buy brand-new, hot-rod, luxury cars. They buy reliable, low-mileage vehicles that are 2-3 years old. Why? Because new cars depreciate in value most in the first few years after they are purchased. Additionally, most major repair issues will appear within that same time-frame and will have already been fixed while the vehicle was under warranty. That’s also the reason that they seldom waste money on “extended vehicle protection” scams...er, plans.
I recommend both of these books to you, Cherry, and to any FReepers who would like to learn more about American millionaires.
In true “Millionaire Mind” fashion, get them from a library or buy them from a used-book store, lol.
Equal Outcome Economics?
May your chains rest easy on you...
One reason you never went anywhere in life, woman, is your low, trash-brained thinking.
“Rich are baaaaaaahhhdd.”
Get TF out of America.
There is no remedy for inequality
There is too much idle wealth in this country, in the hands of people who don’t appreciate how wealth is made. There’s no easy solution to this problem, but it is a problem.
It's quit perplexing that there should be so many Conservatives on a Conservative website, isn't it?