<What a great idea. My suggestion to you is: Let’s do it all over again. We’ve got to try something. These idiotic trickle-down policies are destroying my customer base. And yours too.<
Ah Ha! So we find his agenda!! So he is worried that unless the "income inequality" is resolved. Then people won't be able to buy his products.
He inter-changes the terms "wealth" with "Income inequality" as if they are the same things.
Giving un-skilled people more money, only gives you more poor people with IPhones. That fixes nothing, and the IPhone becomes a paper weight when the IPhone 3 is released.
The way you create wealth is through SAVINGS and INVESTMENT. Instead of buying an IPhone when they came out, wouldn't someone had been better off buying AAPL stock when the IPhone first emerged?
That's the difference between the wealthy and the not-so-wealthy. Giving people more money so they can buy more stuff, may make them feel more affluent for a short period of time, but, it does not MAKE THEM AFFLUENT. It does not create wealth.
<In 1992, I was selling pillows made by my family’s business, Pacific Coast Feather Co., to retail stores across the country, ....snip....
Realizing that, seeing over the horizon a little faster than the next guy, was the strategic part of my success. The lucky part was that I had two friends, both immensely talented, who also saw a lot of potential in the web. One was a guy you’ve probably never heard of named Jeff Tauber, and the other was a fellow named Jeff Bezos. I was so excited by the potential of the web that I told both Jeffs that I wanted to invest in whatever they launched, big time. It just happened that the second Jeff—Bezos—called me back first to take up my investment offer. So I helped underwrite his tiny start-up bookseller.<
No, No, No, the lucky part is that he HAD THE MONEY TO INVEST THAT HE HAD STARTED SAVING WHILE WORKING AS A PILLOW SALESMAN. If he had blown all his paycheck at the bar every weekend, then when the opportunity of a lifetime appeared before him, he would have had to PASS because he lacked the SAVINGS to take advantage of it.
Similar story for me when I took $75,000 in savings in 1995 and put it in a stock of a little knows San Diego company called Qualcomm. If I had blown all my paychecks instead of saving, then that opportunity would have passed. I took the funds from the huge gains on Qualcomm and parlayed that into other investments which have returned more gains. My message to the "pitch-fork crowd".."You made poor decisions, I already have dual citizenship and the majority of my assets are not tied to the US. When you come after me with your "picth-forks". The only thing you are going to find is the "contrail" left behind as I "touchdown in my second country of citizenship".. So Long and Thanks for all the Fish".
The disappearance of the"middle-class" runs in parallel with the disappearance of the idea of"family savings". Read the book... "The Millionaire Next Door".
The take away from this story is.. I am buying stock in a "Pitch-Fork" company.. If the masses are going to take their money and buy pitchforks, then no reason I shouldn't take some of my SAVINGS and make a fortune off the masses buying "pitch-forks".
And so it goes,
PCSTEL |
