Published: Monday, Sept. 9 2013 10:05 a.m. MDT
I am an Aerospace Engineer.When people ask me who I work for, I tell
them "Bank of America" - Because most of what I earn goes to
them!I also work for United Healthcare, Big Oil, the State of Utah
and the Federal Government.My family and I try to scratch out a
living on the 15% that is left over.
I liked Dave's comment that his child was "broke"; at least it
makes you think. I think that Mr Ramsey's children will be taught to work,
and that it will do them good.Still let's acknowledge:1. The wealth "aristocracy" ( we are familiar with just a few
prominent names) contrive to keep their wealth in the family. Some of their
children may get by without hard work, although a work ethic is often instilled
to some extent. Their heirs start life with advantages that most never have.
2. There are white collar criminals who gain wealth by deceit,
fraudulent representations rather than hard work. There is "insider
trading".3. Still others gain "filthy lucre" by
dishonest and discreditable means. These may be respected businessmen who
"corner a market" or mark up products by several times their value, sell
shoddy products, or underpay employees while there is an enlarged labor pool.4. Others live off wealthy spouses or manipulating the legal system (in
questionable lawsuits).5. Dire Straits sang about "Money for
Nothing" gained by "entertainers".Still a good,
industrious man will likely never starve.
@mcdugall I see what you are trying to get at with your statement.
However, even people who inherit great wealth can become broke in a short amount
of time if they don't work. With work, in my mind it isn't about hard
labor. Work is getting up and doing whatever it is you do to legitimately pull
in an honest income (selling drugs, weapons etc not included).If
I'm a day trader and can create wealth doing that. Then it still requires
me to stay on top of it, stay on top of what's going on making decisions
etc.If I mow lawns, then it requires me to get business, mow the
lawn, hire employees etc.I can give you one example after another of
people that win the lottery, inherit money, earn the money and then lose it.You always have the government that wants to take your money, family
that wants to take it, entitled people that don't work that want it, sale
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