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The wealthy have NOT earned and therefore DON'T deserve their wealth.

At least that is what the authors of a couple new books think. I had this link sent to me by a hardcore Obama supporter and just wanted to post to see what everyone else thought.

I didn't agree with the author's assessments because each person has to use his/her own abilities the best they can. Of course we will be standing on the shoulders of giants that came before us but nevertheless what we turn that into is ours. We don't owe anyone anything because of that nor are we undeserving of our accomplishments.

http://bostonreview.net/BR34.3/fischer.php

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Pretty stupid points. Bill

Pretty stupid points. Bill gates doesn't deserve his wealth because electricity was already there and he didn't invent it? What kind of nonsense is this?

Bill gates and others deserve their wealth if people vountarily GAVE them money. Its as simple as that. It is unfortunate, however, that with so much government involvement it is extremely difficult to accumulate any wealth- and that many gain their wealth through government redistribution(Defense companies).

This kind of thinking is the bane of humanity- these people don't even understand how big of a philanthropist people like bill gates are- and somehow think that the government is more capable of providing people help. The problem with these socialists is that they think that if the government taxes your money- that means the "public" gets that money for the betterment of all. Instead what happens is that the government gets the money- and now we are all poorer for it.

Philanthropy

Bill Gates gives his money away because he knows that we know that it was ill-gained.

In a true free market, massive accumulations of wealth would be impossible. (There would be no taxes....but....you would have to pay off a lot of people.)

Besides, people who create the most useful things do so out of a love for humanity or truth. Not because they want a luxurious lifestyle.

The Secret of the Rich

Listen to Kevin Trudeau, he says it's easy to get rich.

What's his secret? It's the hidden secret of Neo-Tech/Zonpower -- which is you have to become a "neo-cheater". (He doesn't admit this overtly.)

He is kind of like a Machiavellian objectivist.

Yes, he's done amazing things and I very much like him. But his secret is that to win in a corrupt world you have to be corrupt.

I don't believe this necessarily but he is exposing the truth.

And not all rich people do this, but money is based on markets -- markets of masses of stupid people.

Kevin Trudeau is a liar and

Kevin Trudeau is a liar and con-artist. I'd like to be fabulously wealthy but not by ripping other people off.

And tall people haven't

And tall people haven't earned their inches, so don't deserve them. Same goes for people with beards, long hair and long nails.

As well as for people with many children. At least as far as guys go, they have only taken advantage of millions of years of evolution of womanhood.

I mean, who cares! It's just money. No more or less important than fingernails. The important part is making sure government is so small, and every Joe and Jane so darned well armed, that even if the 'rich' do buy government lock, stock and barrel, nobody else even have to lift an eyebrow, as that particular organization of oppressors are outfunded and outgunned many orders of magnitude over. Then, who cares how rich some schmuck happens to be.

you need to define rich... a

you need to define rich... a person who owns his own business and makes 500k a year working 60 to 80 hours a week deserves every dime.. some moron like paris hilton who is ultra weathy and didn't do a thing to earn it.. I would have to say good for her but, what has she done.. when the idiot who gave you this book, gave it to you to further the cause of socialism.. another words, prepping everyone to "spread the wealth". they know exactly what they are doing. They want to go after people like me who started working when I was 14, learned a trade and can retire if I wanted to.. those people do not see all the worry, and risk associated with owning your business.. this is pure and simple the politics of envy.. that is all that book promotes.. TOTAL BS. and neo this guy might be a freind, and I have friends who voted for obumba too and I still consider them idiots and morons but still friends.. Just try to make them see the light.

.

"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson

I am more concerned about the return of my money than the return on my money. --Mark Twain

I'm not quite sure what the

I'm not quite sure what the two authors of those books would define as *rich*. Honestly, I don't care if you make a bajillion dollars a year or 20. Nobody has the right to take your property and give it to others on your behalf.

Half-truth

Fiat currency and government regulations make that a half-truth.

Stop subsidizing the bankers...

The wealthy should be able to pass their wealth on to their children. What shouldn't be allowed is for the government to subsidize the wealthy by borrowing money which guarentees interest to bankers and wealthy individuals. If the government was unable to borrow money and only able to collect taxes for services, then those people with money would have to risk lending money to private individuals, invest with a risk of loss or spend it.
grant

Are You Saying .....

You work hard all of your life and have great wealth and you leave a will to your children that they do not deserve the wealth? That is in line with Obama and the socialist of this country. Wonder were Obama got all of his wealth to go to the high dollar university. Did he make all of his wealth with his hard work?

TheKingIsComing

Im not saying anything,

Im not saying anything, that's the opinion of those two authors in the linked article.

neo the death tax is how the

neo the death tax is how the elite rape other families from attaining great wealth.. they use the government to cut off the competion.. they own the government.

"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson

I am more concerned about the return of my money than the return on my money. --Mark Twain

Very True.

I've gotten to see the "Death Tax" in action.

_____________________

oh but you are

by posting the link.

Find out if you have a local militia - http://www.uaff.us/

Real Patriots for 9/11 truth -- http://patriotsquestion911.com/

ya, i think i made it clear

ya, i think i made it clear i didn't agree with the authors in my post. I posted here to gather up some thoughts to present them in a clear, concise manner to the guy that initially sent me the link. Apparently I didn't make it clear enough for some folks. Do you have anything to actually add to the convo oruval, or are you just going to toss insinuations about that don't even make sense after reading my initial post.

Since January

I have made $62,000 in the stock market.

I'm not sure how I should be sharing it ... or with whom.

Are you ahead overall ?

And is that amount worth writing home about ?

I always sold too early, too emotional. Power of compounding for me, I can sleep better at night (wink)

God bless you.

Bonhomme,

you ask, " is that amount worth writing home about ? "

Not if compared to Bill Gates or Warren Buffett, obviously.

But I'm happy about it !

* The power of compounding loses a lot of it's shine when interest rates are .25% to .5%. *

9 years ago...

I had people tell me two things, that 7.5 % is going to look pretty good in coming years and others said that's a long time (term).

They were both right. The lowest compounding rate I have now (2023) is over 5 % (Treasury's), the highest 7.5 % Commercial. Beats working and I sleep better at night.

Gold predicts higher interest rates and it looks that my timing is right on again. I love this country.

Unlike Bill Gates or Warren Buffett I assume you were smarter than them and short the market during the crash ?

Have you noticed too, no one ever talks about their market losses, only when they allegedly win the bet ? (chuckle)

and inflation is higher than

and inflation is higher than they say and then you get taxed on it on top... don't work today.. you would need a 7% return to break even

"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson

I am more concerned about the return of my money than the return on my money. --Mark Twain

You need to see a tax planner

You can control income flow to stay in lower brackets compounding the sh*t out of your capital investment. Then you disappear (smile). Oh, don't forget pay your taxes first ! (wink)

Gee, in a system designed by scumbags

To steal wealth I'm shocked there aren't more books out there by them or their wanna-bes boldly declaring that they are worth what they steal.

The entire banking system is a fraud. Know and pay off the right people, get the right approvals, and you too can have bank! Wouldn't it be grand to be able to lend out $8, $9, $10, or heck, even $20 for every $1 you had? And then collect interest on it all? And wait! That 'money' that those banks lend out is securitized by the signature of the recipient of the loan in most cases, allowing the banks to lend on that too! Sounds like lots of hard work to me...

CHECK OUT NORTH DAKOTA NATIONAL BANK!

The State works with the private banks, guarenteeing the home loans instead of the FDIC! They are totally off the grid I believe! ND is one of THREE States that are still solvent, but ND has BILLIONS in Surplus! Maybe we should start a "Free State" project there, it's just so darn COLD!

"If virtue and knowledge are diffused among the People, they will never be enslaved. This will be their great security."
-Samuel Adams-

Ironic that an Obama supporter sent you this!

Who does he think funded Obama's campaign?

The biggest source of "unearned wealth" is government patronage itself.

"Fascism should more properly be called corporatism because it is the merger of state and corporate power." - Benito Mussolini.

people do not want to look

people do not want to look at facts...

"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson

I am more concerned about the return of my money than the return on my money. --Mark Twain

WTF does a hedge fund manager do?!?

I recently read an article about a 35 year old hedge fund manager(John Arnold) that made 1.5 Billion in income in 2008...

As a small business owner(I'm 35 as well) that works 60+ hours a week and employs 40+ employees....I would love to see this guys workload that brings him 1.5 Billion Dollars in a year...what a joke...this guy HAS to be stealing from someone or everyone. It would take my business 1000 years to bring in 1.5B and 10,000 years for me to make 1.5B in profits.

It would be very hard for me to believe that this guy "earned" that money without defrauding or stealing from somebody. And if I was able to see his workload I'm sure my opinion would be that he didn't "deserve" that wealth either.

But...I guess I should have just picked a different line of work...

But dude, you weren't a star

But dude, you weren't a star trader at Enron, making millions at 25 either, were you :)

Decentralize stock markets.

Decentralize stock markets. Have one in every State, county or even city. Spread out the wealth.
grant

Hey, selling your soul to the devil...

is really hard work. It involves long nights of devious scheming and equally long days of lying directly to people's faces. I think they have earned all they have and will get. And if we adopt a mindset where we just march along and grab it back we are just as bad as they are. Is someone less a thief if they steal from another thief ?

Assert Your Authority

Assert Your Authority

If they are referring to the bankers who run the money scam

I fully agree. I am not a proponent of wealth redistribution, but I want the gold they stole from my family in the 20's and 30's. These people are theives and they STOLE YOUR MONEY, I firmly believe the wealth of the Rothschilds, Rockefellers and the Crown should be evenly distributed among the people of the world. And nations should regain control of their own resources. I'm sure these are not the people the article references, but it should. I want their money and I want you to have some too.