I just noticed you're 56.
Haven't you spent enough of your life screaming "Not Fair! Not Fair!"?
If you're in a bad place financially, it's most likely your own fault.
Actually I'm in the 86%, I'm doing fine thank you. What I worry about is the 85% below me, 56% of whom live in poverty because they haven't had an effective raise since 1970. You actually remember the poor, don't you, you all speak of them enough. I don't think "fend for yourself" was ever in Jesus' words to them. What do you think creates poor people, other than the lack of decent paying jobs? Yeah laziness accounts for some of it, but I know a lot of very motivated people who can't support themselves because there's NO MONEY FLOWING THROUGH THE ECONOMY. And that is because it is all being damed up at the top. What happens to the people downstream when you dam up a river? Tell them all to go dig their own well? What do people who can't support themselves do when they can't support themselves? They go on the government dole. So you either pay for them in good wages, or you pay for them in higher taxes. Which poison do you really prefer? Wages cost much less than government.
And yeah, the guy who buys the pizza oven and builds the store deserves his share. But what are the oven and store going to do for him when his own employees can't afford to buy pizza? Even Henry Ford recognized this one way back when. Too bad so very few of you share his vision.
Geez people, buy a vowel. Oh yeah, that's right. Far too many of you can't afford to. And that worries me.
Here some stats as reported in the LA Times October 11th 2013 as to why that is:
*
Per the Credit Suisse Research Institute October 2013 Report
The richest 1% own 46% of the world’s wealth
The richest 10% own 86% of the world’s wealth
The remaining 90% share 14% of the world’s wealth
Average adult wealth Switzerland - $513k
Average adult wealth Australia - $403k
Average adult wealth Norway - $513k
Average adult wealth Luxembourg - $513k
Average adult wealth US - $301k, noting the figure is skewed due to the US having the most ‘ultra-high net worth’ individuals with over $50 million in assets. The US accounts for 46% of these individuals. Second is China with 6%
Worldwide population is about 7,000,000,000.
The number of millionaires worldwide has risen by almost 2 million since mid 2012
There are about 99,000 people worth $50 million or more.
67% of the remainer (or 4,666,600,667) have less than $10,000, or 3% of the world’s wealth
*
Wealth inequality reached highest peaks in 1928 and 2007 (top 1% accounting for 25% of all income)
Marginal tax rates topped at 25% in the 1920’s
Marginal tax rates topped at 35% in 2007
The economy tanked in 1929 and 2008
The marginal tax rates in the prosperous 1950’s topped at 91% under President Eisenhower
*
US CEOs averaged $12.3 million in 2012
This is 354 times the average workers compensation (AFL_CIO)
US CEOs averaged 42 times the average workers compensation in 1982
*
Consumer spending accounts for 70% of all economic activity
***
I will give you one thing, Hunkleberry, our generation sure did a fine job of raising selfish, shortsighted successors.
Jesus never hoarded money. In fact He bemoaned that in the world the rich will get richer and the poor poorer. I find it curious that you all support the practice.