Millionaires and Poverty
There was a small blip the other day on the business channel about millionaires. Seems as though the latest count put them at more than eight million. This was money over and above any equity in their homes.
It is ironic that forty years after Johnson started his war on poverty this country now has a higher per-centage of the population living in poverty, but we've managed to increase the number of millionaires eight-fold.
Does this suggest we might be doing something wrong?
Now I grant you that the millionaires dont think so, but what about the rest of us?
I sense a growing unease in this country about this problem. The latest polls show that 70% of the people think this country is headed in the wrong direction. They cite a number of factors, but, I think, deep down, that they can feel the tilt which is creating a large pool of poverty. They are concerned that they are living on this slope which is slowly sliding them, and their children, into this enormous pool down below.
There are many labels fastened on those who abdicate a mandatory shift of wealth from the haves to the have-nots. The haves control the wealth, and the power derived from that wealth, and will do everything they can to stop such a shift from occuring. That's what drives the tax policies which have been enacted in recent years.
Some times you can be too greedy. If you dont believe me, read the history of the tsars and pre-revolutionary France. Lets hope the millionaires see the light before this country is torn apart.
Cloy
Cloy Richards maintains a Blog named "Daily Wisdom: Words from an Old Man" exclusively at TinasCornerCafe.com -- Serving Food For Our Democracy
There was a small blip the other day on the business channel about millionaires. Seems as though the latest count put them at more than eight million. This was money over and above any equity in their homes.
It is ironic that forty years after Johnson started his war on poverty this country now has a higher per-centage of the population living in poverty, but we've managed to increase the number of millionaires eight-fold.
Does this suggest we might be doing something wrong?
I sense a growing unease in this country about this problem. The latest polls show that 70% of the people think this country is headed in the wrong direction. They cite a number of factors, but, I think, deep down, that they can feel the tilt which is creating a large pool of poverty. They are concerned that they are living on this slope which is slowly sliding them, and their children, into this enormous pool down below.
There are many labels fastened on those who abdicate a mandatory shift of wealth from the haves to the have-nots. The haves control the wealth, and the power derived from that wealth, and will do everything they can to stop such a shift from occuring. That's what drives the tax policies which have been enacted in recent years.
Some times you can be too greedy. If you dont believe me, read the history of the tsars and pre-revolutionary France. Lets hope the millionaires see the light before this country is torn apart.
Cloy
Cloy Richards maintains a Blog named "Daily Wisdom: Words from an Old Man" exclusively at TinasCornerCafe.com -- Serving Food For Our Democracy
