This afternoon while driving I stumbled across a program on the radio and it was about income equality and how everyone should have the same. That’s right for those that haven’t already heard, you the one who went to school for 6 years while struggling to pay bills in order to get an MBA or you that guy that spent the first 4 years building his sign store or his cell phone store, took a mortgage on the house he worked for the previous 10 years to get in order to fund the start up, sold his car to scrape up enough cash just to get through another month, risked his entire life savings to give entrepreneurship a shot at a back breaking crushing corrupt USA while sweating day in and day out to possibly make it or if it fails, do it all over again. Correct, you are the one that is making too much according to the billionaires that run Europe and the USA. You need to either make less of that or you need to get that taken from you in order to share it with the guy that was not so lucky.
Don’t you love the word lucky? You hear it all the time in familiar phrases like you are so lucky to have that girlfriend or that wife. You are so lucky to have that Porsche. You are so lucky. When in reality it’s not luck at all, even the wife wasn’t luck, it was the fact that you worked hard at finding a wife worth while, you spent time dating, you spent time getting to know different women, you knew what you loved about them and you strived for that until you finally found her and married her. The same scenario goes for everything, even pro sports, take a look at any pro sports players, how much they practiced throughout their youth to become the best, they strived for the best. American Idol contestants are lucky? Most of them make it to that show as struggling artists that never gave up.
In America today we cannot be proud to be accomplished, we cannot be proud to have found something that finally paid off. I think those shady deals that involve officials are the ones that need to be looked at. This is the land of opportunity as Tony Montana said very clearly in Scarface. In America provided criminals do not take it from you, or rob your motivation. You can do whatever you want and whatever you work for and do it without money. You do not need a million dollars to start a business if you have a mind.
Why would small business back income inequality?
So while listening to this this afternoon I think, did many businesses actually back this income inequality movement? If they did, they are stupid point blank. Why stupid? Because in order to create income equality that means that everyone will be poor instead of a nice healthy mixture like we have had for many years. Some of us poor, some of us middle and some rich and the cycle continues just as the circle of life. Business cycles as well, not corrupt big business but normal capitalism small business cycles very healthy. Business needs change, restaurants get old, internet took over night clubs, people change and like new things, new styles, new cars, new designs so those guys that might have fell asleep while making money have cycled out dropping out of the rich bin, into the middle or poor area and the cycles continue.
With income equality everyone will be poor except those with jobs that give policy but never live by it. So there will be no more buyers of stuff that businesses sell besides the essentials because everyone will be poor and those that write policy are too little to spread the wealth. Small businesses will close down with income equality. So for those small businesses that back this, I would certainly rethink the position.
According to this French Economist, anti capitalism Propaganda at best Piketty writes
Investments in stocks, bonds, land and buildings — the “capital” in his title — almost always grow faster than people’s wages. By its nature, capitalism fuels inequality and can destabilize democracies, Piketty argues.
Economists once viewed the three decades after World War II as proof of capitalism’s ability to build and share wealth. Piketty counters that the period was a historical outlier, a result of two world wars and the Great Depression leveling the fortunes of the old establishment.
In 2012, the top 1 percent of U.S. households received 22.5 percent of the nation’s income, the most since 1928. Piketty thinks higher taxes on wealth can curb inequality’s spread. He also thinks that sending more people to college and sharpening their skills through training could help slow the “inegalitarian spiral.”
In an interview with The Associated Press, Piketty, 42, held forth on the “dangerous illusion” of the meritocracy, why China is unfairly blamed for flat U.S. wages and his fix for limiting inequality.
While I certainly agree that China has been a major factor, well not really China but corruption in the US that lead to massive Chinese dealings and Chinese manufacturing as it still does. To create this system of wealth redistribution is simply wrong.