Inequality is not what it is made out to be

The poor seek to be middle class.

The middle class seeks to be upper middle class

The upper middle class seeks to be millionaires


Where should we block upward mobility?

The millionaires seek to be billionaires

The billionaires often create wealth from nothing – with the help of the stock market, their wealth does not come from a finite source taken from others, they create jobs and opportunity and often give back to society

Everyone is subject to inequality and that is how every society works and has ever worked throughout time.

In the 21st century society does a better job of spreading wealth and assistance to the needy then ever before. Is that not accurate?

5 comments

  1. “The United States, the richest country on earth, has more poverty than any other advanced democracy. Why? Why does this land of plenty allow one in every eight of its children to go without basic necessities, permit scores of its citizens to live and die on the streets, and authorize its corporations to pay poverty wages? ”

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    1. “There is, of course, the old habit of blaming the poor for their own miseries, as if Americans were made of lesser stuff than people in countries with far less poverty.”
      Chap. 3

      I can’t stress it enough, “Through no fault of their own.”

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  2. There is a solution to income inequality. I’ve talked to a few people about it, and since it involves work and sacrifice over an extended period of time, they don’t seem to be too terribly interested. They don’t want to hear that you get paid based on what you do, how much training it takes before you can do the job, and the difficulty involved in replacing you.

    Earl Nightingale used the example of a janitor vs a brain surgeon; both people are of equal worth as a human being, but you can replace the janitor in a few hours whereas it takes years to train a brain surgeon – so the brain surgeon will always make more.

    If you want to make more, make yourself more valuable – and that’s not going to happen overnight.

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  3. I don’t fault the big guys for having an idea or ideas and acting on them. My thinking is that this country took a wrong turn about 50 years ago.
    There once was a time when manufacturing jobs were plentiful and well paying. Not all of them paid well of course and not all were desirable. Many of them did pay for a middle class life for people who didn’t have the ability to go to college or the desire. They were just glad to be in a position that paid the bills, made a car payment, bought a house in many cases. But the grand scheme dictated that off shoring those jobs was the way to go and everybody here could go to college or train to be computer operators. Thus the rust belt was created and the South suffered likewise. Working class wages stagnated and yes we did get iPhones and Amazon market place. Don’t get me wrong, I use an iPhone and iPad and do a lot of buying with 2 day prime shipping. But I see tent cities, drug addicts and overdose deaths and jobs that haven’t kept up pay wise with where they were in the 1970s.
    The demand for social services is great now when it should be declining. I don’t know what could be done or how to get things right but conditions now are not conducive to a bright future for us as a nation.

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  4. I would also like to point out that the reason Gates, Jobs, Bezos, and others who became millionaires or billionaires is because people FREELY gave them their money so that they no longer had to work out of their garages. People, including the lower class, rewarded them for providing them with things they didn’t even know that wanted.

    If you bought a computer, iPhone, or something from Amazon, don’t blame the millionaires because you choose to create the inequality. You can always go find a garage and do something yourself. That is call equal opportunity and it does not guarantee an equal out come resulting in equality.

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