Monday, November 12, 2012

spending someone else's money

One of the things I have noticed in this country is that there are a cartload and a half full of people that spend a big part of their life worrying about other people's money.




They get all upset when someone gets rich and want to take his money away from him, either by forcing him to share or by taxing the hell out of him.



Most of these people would be a whole lot better off taking the time they spend worrying about other people and their money and using it to improve their own lot.



The hate generated toward the rich makes no sese to me because the rich simply did what they were supposed to do. They were supposed to be successful, and they were. A lot of the hate I see toward the rich is just disguised envy. The haters are simply upset because they have not been as successful as the rich have been so they scheme a way to drag them down to their level.



Crabs do this. Anyone that has ever been crab fishing has likely noticed this. If you put a bunch of crabs in a tub it is pretty likely that any of them are goinng to escape because every time one of them makes a break for it and looks like he has foud a way to the top, the others pull him back down into the tub.



There are a lot of people out there with crab mentality. They want to take the rich and make them poor again.



Of course, the rich did not get to be rich by being stupid. What is more likely to happen is that the rich will find a way to keep what they have accrued. They will find tax loopholes or in some cases, simply take their money with them and leave. TIna Turner, for example, lives in Switzerland. It looks to me like she took her money and ran, although I may be mistaken for her reasoning for living there.



Still, a number of people have moved out of the country. A shipmate tells me there are a bunch of retired ex-pats living in the Phillipines, and I have heard there is a colony of ex-pats in Costa Rica. They moved there both to avoid taxes and because it is a cheap place to live. Now that word is out that Costa Rica is a cheap place to live people will move there and prices will go up but that's neither here nor there.



Generally when one leaves they take either most or all of their goods and garbage with them, including investment capital.



The rich also stay rich by being careful of their investments. If they want to gamble, they simply go to Las Vegas or Atlantic city, but in business they are pretty shrewd. The stories going around about rich investors sitting on billions in capital are likely true. They were waiting to see who won the election to see if the climate toward business would change and it looks like it won't.



The truth is that most of the people in this world that spend half their lives worrying about someone else's money would do the same thing the rich will likely do if they were in their shoes. I would.



If course, in a non business friendly climate where they tax profits heavily the working stiff often gets no raises simply because the money the company might have given the work force is taken from them by the government in the form of taxes. On top of that, when the working guy gets taxed more with no raise to compensate, it results in bim having to tighten his belt and scrimp and save. Gone are the little extras and the family car gets wired together for another year or two instead of getting replaced.



When that happens in any sizable amount, manufacturing slows down and people lose jobs or get hours cut and the whole thing spirals downward. Unemployment claims go up and the country goes deeper ito debt and membership in the Free Stuff Army climbs, causing more stress on an already underfunded system.



Yet when the business climate is good, the rich turn loose the capital and things tend to get better. It would have been interesting to see just how much capital would have been shaken loose had the recent election results been different.



Of course, the people that keep worrying about someone else's money get all upset at the guys at the top and accuse them of being mean when the truth is that they would actually like to see the workers busy on the job because they will be making money which means the workers will be making money and spending money and creating jobs for other people and the thing spirals again, but this time upwards.



If the eople that seem to make a career worrying about what someone else is doing would take the energy they put worrying about someone else and apply it towards their own situation they would be better off.



While they may not get as rich as the people they wasted their time worrying about, it is likely that they would be somewhat more successful and their lives would be a little easier to live if they lost their hate for the successful.   But then again, it is unlikely to change because the less successful a person is the more envy and hate he seems to carry.
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