Not sure I am totally on-board with the idea. But I do think we’ve got way too many “Idle Rich” in this country, who have no appreciation as to how wealth is created. I don’t know how to fix that though, without the cure being worse than the disease.
I am a little uncomfortable with wealth dynasties that seem more like a royal family, and the heirs enjoy a life of comfort merely by being born into it.
Seeing sone of these trust fund babies, many who are spoiled and useless, I think the best inheritance that someone can leave their children is a work ethic.
The problem with modern wealth is that it has become completely detached from civic responsibility. Imagine how much differently this country would operate if people like Bill Gates, Jeff Zuckerberg, the Waltons, and Warren Buffett were obligated to have their children serve in the junior officer corps in the U.S. military before they could inherit the family’s wealth.
**I do think we’ve got way too many “Idle Rich” in this country**
Think the Addams Family. They were weird. Then there’s the Kennedy’s. They’re weird in a different way. Are they idle? Yes, mostly.
**I can’t find much about this joker online.**
His Newsmax archives are there. Political and computer expert. Didn’t know he knew economics but George McGovern had a masters on the subject.
**I am a little uncomfortable with wealth dynasties that seem more like a royal family.**
It’s like big corporations. Keep getting bigger until anti-trust gets involved. Kennedy’s took themselves out.
**So how do you keep the have-nots engaged?
socialism where the lower class are all equal in results.**
And the resentment builds therefore the government’s ‘gotta do something’. Another can of worms.
**If the government is worried about the wealth gap they should go back to a sound financial policy and ending globalism which puts more money into fewer and fewer hands.**
That’s just it. The government is not worried about the wealth gap until they’re threatened. So if the government’s gotta do something they’ll need to keep the masses pacified with enough to keep them too busy to cause trouble. You know the one about the idle hands. It might have to end up with putting a buried canister in an open field and have people dig for it to get paid. Put money in the canister so there’s an incentive. Still, there will be those that don’t play and expect the others to take care of them.