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Showing posts from February, 2009

What's wrong with the wealthy

President Obama last night said too much money had been transferred into the hands of the wealthy. That's funny I thought they had earned it. Oh, yes, there are some like his darling Ted Kennedy who have inherited it, but most wealthy people in America have earned it. They have created something or innovated something that has created a new product or service. The wealthy give us our jobs and create the conveniences of our way of life. I am not jealous I do not resent anyone's success. The question about wealth in the hands of wealthy is what do they do with it. If they invested legally and ethically, that stimulates the economy and creates jobs. If they use it for eleemosynary reason, people's lives are improved. If they purchase a corporate jet it employs hundreds, maybe thousands of people to make that jet, plus many more who work in the industries that support it. Oh, yes there is the occasional wealthy person who is greedy; unfortunately, many people suffer from that