Posted on 12/13/2023 8:42:50 AM PST by SeekAndFind
There’s apparently no end to how far the mainstream operatives will go in their quest to destroy the virtues of the West, and a USA Today article published last week is a prime example.
The man behind the piece, Daniel de Visé, essentially implies that anyone not born into tremendous wealth doesn’t have a chance at success, and those who are rich only got that way by mere circumstance and birthright, overtly implying that capitalism has caused this problem and that, we must work harder for equality.
There are huge problems with de Visé’s article, but I will do my best to tackle a few of them to explain how the premise is entirely wrong. (The italicized blurbs are excerpted from the item.)
Over the years, the rich have grown steadily richer. The top 1% caught and passed the middle class in collective wealth in late 2020, Fed data shows.
This article covers the years 1979 through 2021; the problem with this statement is that the top 1% of people in 2021 are not the same as the people in the top 1% in 1979. Capitalism has always allowed people to move up the economic ladder. The richest 1% of people are always getting richer in a growing economy.
And who are the top 1%? The category includes flashy billionaires Jeff Bezos and Elon Musk, of course. But many 1%-ers are low-profile multimillionaires, living quietly among us.
This is a true statement but since Bezos and Musk weren’t very rich twenty years ago it shows how capitalism, invention, and creativity allows people to create wealth regardless of circumstances.
This is a true statement but since Bezos and Musk weren’t very rich over twenty years ago
(Excerpt) Read more at americanthinker.com ...
Yes. What you choose to do with your money matters. Long term thinking has a different outcome from short term thinking.
Buying a used Toyota has a different outcome from taking out a loan on a new Lexus. Buying stock has a different outcome from buying bling. Cooking at home most days has a different outcome from eating at restaurants most days.
Choose wisely.
Owned first home in 1966.
WAS making about $6 + an hour. Used Inheritance of $5,000 to buy home.
Owned my own car.
DID NOT OWN STOCKS
DIS NOT HAVE A “RETIREMENT ACCOUNT”.
Had that home 29 years.
Bought next home on rural acreage out of foreclosure.
Cleaned it up, fenced, etc.
Sold it 16 years later with enough profit to buy this property for CASH...free & clear.
NO STOCKS OWNED
NO RETIREMENT ACCOUNTS-—just Soc Sec.
BUT have OLD IRON & NO CAR PAYMENTS
Have retired life style-—
NO medical issues that I am aware of-—and do NOT ‘go to doctors’ to look for such.
IF my INHERITANCE of $5,000 is considered wealthy-—so be it.
BUT the last car I bought was USED—and my last car payment was 1981.
NOT ego-driven enough to want NEW CAR/TRUCK. Car & truck I have are just fine.
IF average car turnover is 5 years-—then I have SKIPPED 8 such cycles & all those costs.
Also skipped the high costs of registration/ insurance/ repairs and DEALER ONLY repairs.
That ALL represents ALOT OF MONEY.
NO CELL PHONE/NO PAY TV/NO CONCERTS/ NO EATING OUT/NO FANCY CLOTHES/ NO JEWELRY, etc.
The rich vote Democrat now.
Someone a couple of years ago told me “I WAS RICH” because I owned my property.
THEY ARE CLUELESS about spending $$$$$$$.
Yes, I heard the other day that Marxist in USA tried to use class as a weapon, but it did not work. So they tried race and discovered it worked very well.
Evil...these people.
Rich people who own media companies tolerate those companies hate for them. At some point they will realize that it is not in their own best interest to be leftists.
And professional athletes? Taylor Swifts?
The author is a loser who did not keep trying.
Most of the rich are liberals anyway, screw them.
One of the reasons for this, is we no longer enforce Anti-Trust laws, effectively creating a few oligarchies to rule over us.
.
Therein lies the rub - their magic formula has long been class AND race (linking the two together being particularly beneficial to their agenda).
I started out with almost nothing in the 90s and it was possible to afford a place to live, eat quality food and also have the time/money to get an education and better yourself while working basic jobs (like a taxi driver or kitchen laborer).
Eventually I became an engineer and run my own firm now.
Today if you compare the costs, the math simply does not work out to follow this same path. Even for kids starting as engineers today without student loans, the market is bleak compared to skyrocketing costs.
We can debate why this happened to the moon but the American dream as I lived is a fantasy for most poor people now
Agreed...and why is that? Part of the reason is because our kids are not being taught to think, but rather to accept as fact whatever drivel is being offered in our schools as doctrine according the to the Left. I just has a discussion with my granddaughter, a straight-A HS Senior at the time, who was taught that Climate Change killed the dinosaurs. She was never exposed to the theory that a meteor struct the earth. causing nuclear Winter and blotting out the sun, which starved them to death. She was never told about the layer of Iridium, a mineral often found in meteors, that encompasses the earth and is covered with 60 million years of detritus that has been timed with the extinction of the dinosaurs. Parents should be ashamed that this kind of indoctrination is allowed to persist in our schools.
The news and entertainment media are supprted by advertising. The advertisers are supported by consumers. Consumers are supported by federal spending. This is why corporations are leftist.
You can start out poor or middle class and become a billionaire because of a brilliant invention. Or you can become a Democrat politician and become a near-billionaire at least. LBJ, Bill Clinton, Al Gore, Barack Obama, Joe Biden and many others.
They've made theirs...now they want to raise the drawbridge so none of the hoi polloi can get inside the castle.
Capitalism - The rich become powerful
Socialism - The powerful become rich
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