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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: ggersh who wrote (113258)	9/7/2015 10:37:51 PM
From: louel	Read Replies (2) \| Respond to of 218439

There has always been wealth and poverty. The tools are available for anyone to use. Only a few have the mental capability to harness their power. Those who do succeed create employment for those who are not able to do it for themselves. Hedge Funds, Banks and other institutions employ people. They also loan funds or invest in businesses which further create jobs. More than 90% of poor people who get an Inheritance or cash windfall are right back where they started in just a few short years. It happened in Russia in the beginning of the nineties. New democratic government decided to execute radical privatization program, selling off a lot of assets — mines, factories, companies... However, in their idealistic spirit, they decided to share the wealth: every citizen got a constant amount of special currency, vouchers, that could be used to buy shares of these entities on auctions. The idea was good in theory and devastating in practice. Nearly no one knew the real value of these pieces of paper. The country was in deep economic crisis, and a lot of people struggled to feed their families. No one new much about what companies and entities were worth. So, after short time, most of the people sold or lost the value of their vouchers, while the small group accumulated a lot of wealth by profiting on the mistakes of those who had no idea of what to do with their new found assets. It would be the same with money or American wealth. People don't have the same capabilities: influence, connections, knowledge or self motivation. Legislating the distribution of wealth, would end up in the same spot where we are now: may be with slightly different, elite, But a few years later, in the same spot nonetheless. Benjamin Franklin: I think the best way of doing good to the poor, is not making them easy in poverty, but leading or driving them out of it. Idleness and pride, tax with a heavier hand than kings and parliaments. If we can get rid of the former, we may easily bear the latter.