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Strategies & Market Trends : ahhaha's ahs
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To: Mark Adams who wrote (3159)10/18/2001 1:01:33 AM
From: GraceZRead Replies (1) of 24758
 
I have some objection I don't understand to letting those who've accumulated wealth sit on their asses and enjoy the fruits of society without contributing in some form to what I percieve as a society obligation to ensure that some minimal level of survival and potential for actualization exists. Specifically- that those born to poverty should have a chance to reach their potential.

First off you have to assume that wealthy individuals want return on their ass-ets. So unless they have it buried in the backyard or in some unproductive asset like gold, their money is in fact doing exactly what you think they aren't doing and that is providing opportunity. Please tell me what investments can you put money in where it isn't used for something else, to build something else?

I have a wealthy brother-in-law whose family business and personal consumption provide incomes for a few hundred people, maybe even a thousand. His father started the biz when he was an impoverished immigrant. Now his son gets to pay taxes in the highest tax bracket allowed by law even with the corporate structure. His quarterly payments are multitudes of what a middle class worker might pay in a lifetime yet the services he receives in return for these taxes are about equal to what some middle class tax payer might get.

I was born to pretty meager circumstances. It was wealthy people that gave me my first real job, as a domestic. As far as I'm concerned their only obligation to me was to pay me for the work that I performed, which they did. This arrangement was what made us equal.
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