Insidious Wealth

Insidious Wealth

Recent surveys on show many American hold mistaken beliefs about wealth. They believe the wealthy work harder and are more intelligent. In reality, most wealth is inherited, achieved with less than total honestly, and is usually the product of money being used to make more money. Research any list of America’s most wealthy and you will find the majority earn little or no salary and obtain their income off investments. Many Americans, however, do not resent the rich having an extravagant amount of money. They follow the adage that greed and dishonesty are acceptable as long as you don’t get caught.  Many Americans also have the mistaken belief that anyone can become wealthy with hard work. In reality, becoming wealthy from hard work is less likely than being hit by lightning.  These same mistaken beliefs in the myth of wealth were what dominated thinking in European kingdoms for centuries. Becoming wealthy was never a matter of merit and capability, but rather of oligarchic rule; those who had the gold made the rules.  Many Americans admire Romney for his wealth and think he built up a fortune with hard work. Romney’s wealth comes from a combination of inheritance, making money with investor’s money, selling off businesses to profit from their assets, and not paying a fair share of taxes. Republicans want to blame the globalization for the bad economy, but the facts of history prove otherwise.  Wealth fosters political policies that favor the wealthy: power to exploit employees, teaching of a false work ethic that favors owners, control of community religious beliefs that accept accumulated wealth (contrary to the Jesus doctrine of the distribution of wealth), and the financial means to generate tax codes that create more for the wealthy. Money not only talks, it indoctrinates and accumulated wealth rules. The gap between rich and middle class is widening and little by little destroying the American dream of moving up the social ladder. If we give them our vote, the greedy will prevail.

Richard Dorsey, Hacienda Heights, CA

 

Recent surveys on show many American hold mistaken beliefs about wealth. They believe the wealthy work harder and are more intelligent. In reality, most wealth is inherited, achieved with less than total honestly, and is usually the product of money being used to make more money. Research any list of America’s most wealthy and you will find the majority earn little or no salary and obtain their income off investments. Many Americans, however, do not resent the rich having an extravagant amount of money. They follow the adage that greed and dishonesty are acceptable as long as you don’t get caught.  Many Americans also have the mistaken belief that anyone can become wealthy with hard work. In reality, becoming wealthy from hard work is less likely than being hit by lightning.  These same mistaken beliefs in the myth of wealth were what dominated thinking in European kingdoms for centuries. Becoming wealthy was never a matter of merit and capability, but rather of oligarchic rule; those who had the gold made the rules.  Many Americans admire Romney for his wealth and think he built up a fortune with hard work. Romney’s wealth comes from a combination of inheritance, making money with investor’s money, selling off businesses to profit from their assets, and not paying a fair share of taxes. Republicans want to blame the globalization for the bad economy, but the facts of history prove otherwise.  Wealth fosters political policies that favor the wealthy: power to exploit employees, teaching of a false work ethic that favors owners, control of community religious beliefs that accept accumulated wealth (contrary to the Jesus doctrine of the distribution of wealth), and the financial means to generate tax codes that create more for the wealthy. Money not only talks, it indoctrinates and accumulated wealth rules. The gap between rich and middle class is widening and little by little destroying the American dream of moving up the social ladder. If we give them our vote, the greedy will prevail.

Richard Dorsey, Hacienda Heights, CA

 

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