Government

Inequality- my opinion. Time to chime in with yours

Recently I was reading The Guardian, a UK paper. The topic was inequality. In part the article said:

“Baby boomers have unprecedented stashes of wealth tied up in their properties, yet their children and grandchildren are paying sky-high rents from squeezed incomes, and struggle to raise a deposit for a flat.

Families also face a social care lottery that could wipe out an inheritance if a parent or grandparent cannot look after themselves.

This month the Organization for Economic Cooperation and Development proposed inheritance tax as a way to reduce wealth inequality and redistribute between the generations.”

The words “struggle” and “redistribute” caught my attention.

Like many others, perhaps you, I grew up in the 1940s and 50s. I graduated high school in 1961.

I cannot recall when my parents did not live from pay-check-to pay-check. In fact, as a car salesman my father often had to take an advance on his pay because if he didn’t sell a car, there was no paycheck that week.

When I graduated high school in June it took me until November to find an entry level job at minimum wage. I had no skills and was prepared to do little, so little I started as a mail boy. It took until 1978 to earn a BS degree at night having spent two stints in the army in the interim, neither voluntary. I lived at home until I was married at age 25.

Speaking of married, I was married while in the army. We couldn’t afford to have my wife give up her job so she stayed home and struggled to pay her rent and other expenses. I sent home what money I could. When I finally got out of the army we saved her pay for a year so we could buy a house, a $29,000 eighty year old house in dire need of repair and with a mortgage rate of 9-3/4%. My wife’s priority was our four children; she did not work outside the home, but devoted a great deal of time to various school activities. I think it’s fair to say we lived pay-check to pay-check in those days because there was no money leftover and there was no money for vacations.

Now, after fifty years of working I no longer struggle, I don’t live pay-check to pay-check and I have accumulated some wealth. I want what wealth is left when I go to be 100% inherited by my children and grandchildren. I want to help them with their retirements and college. I don’t want what I worked for and paid taxes on to be redistributed to anyone but my family’s next generation and I especially don’t want it all filtered through government.

Is that wrong or selfish? I don’t think so at all. I didn’t steal or cheat anyone to get where I am today. I didn’t block opportunity from anyone else. I didn’t start off with a nice nest egg from my parents.

The very notion of reducing so-called inequality by government confiscation and redistribution of money with no measure of success or assurance it will change anything, especially human behavior is mind boggling.

The opposite of inequality is equality. Is that what we seek, across the board mediocrity? Sooner or later removing inequality will result is there being no one to confiscate wealth from and with the entire population dependent on redistribution of a shrinking pot.

What we must assure is equality of opportunity and all that goes with that. You don’t need to take more money from any American to do that.

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Categories: Government, My Opinion

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5 replies »

  1. As President Obama reminded us on Jul;y 13, 2012 “… look, if you’ve been successful, you didn’t get there on your own. You didn’t get there on your own. I’m always struck by people who think, well, it must be because I was just so smart. There are a lot of smart people out there. It must be because I worked harder than everybody else. Let me tell you something — there are a whole bunch of hardworking people out there. If you were successful, somebody along the line gave you some help. There was a great teacher somewhere in your life. Somebody helped to create this unbelievable American system that we have that allowed you to thrive. Somebody invested in roads and bridges. If you’ve got a business — you didn’t build that. Somebody else made that happen. The Internet didn’t get invented on its own. Government research created the Internet so that all the companies could make money off the Internet. The point is, is that when we succeed, we succeed because of our individual initiative, but also because we do things together. …”

    So, let’s ask President Obama, who helped you succeed?

    If he asked me, I would let him know that:
    My parents paid the teachers who taught me in my Catholic school, not taxpayers and not government, in addition to paying taxes for other children’s teachers,
    Not sure who President Obama means when he says “built this American system”, however, whoever made the investment, I know who financed it – taxpayers – from the Founding Fathers on, there have been taxpayers like me paying income and other taxes for over 50 years to build, rebuild, enhance and sustain this “American system” – taxes I paid that many of my peers did not,
    When he says someone invested in roads and bridges, I know who did – I did. It is not as if he was saying only those who paid in should be able to use the roads and bridges. Where are the taxes my peers did not pay for those roads and bridges as I certainly paid more than my share!
    He’s right, I didn’t build the roads and bridges, he’s right – but I paid them to do that with my taxes.
    when the government research helped in the development of the internet, who does he think paid the taxes.

    Clearly President Obama has been on the public dole for so long that he will be a net, net taker of government / taxpayer revenues.

    Listen up gang, I have been a net contributor for all of my adult years except the two years I spent in the US Army. I will be a net contributor for all the remaining years of my life.

    All other Americans are free to follow in your footsteps or my footsteps if they want the life you/I have enjoyed.

    It was my privilege to be an American, and it was my privilege to be part of my family, with my siblings and my parents. I make no apologies for either of those privileges of birth. However, regardless of religion, race, national origin, gender, I can confirm that anyone else born in July 1952 had all of the same opportunity I did – just not all of the family privilege. For that, I thank my parents and my siblings.

    Otherwise, get to work, go to school if you want the benefits and rewards others have.

    BenefitJack

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  2. In the 1930’s, the Soviet Union confiscated the wealth of any peasant considered to be too wealthy. Many were executed. A peasant who was too productive was a danger to the state. Private land was confiscated and reorganized into state run farms, the infamous kolhozes, which became known as spectacular examples of turning some of the best farmland in the world into the least productive.

    The idea of socialism is to “level the playing field”. It leads to the impoverishment of all.

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  3. Worked my whole life to accumulate the wealth I have and want it to go to my children and grandchildren. Not squandered by government.

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  4. The third paragraph exposes the whole agenda and I do not even need to see the rest of the article. The first two paragraphs try to convince you that your parents have too much wealth and that medical bills will wipe out your wealth which your parents OWE YOU. But the third paragraph out right tells you that they want to take your parent’s wealth and your inheritance (that is owed you) for redistribution. It is basically saying that you as a child are not going to get any of that wealth tied up in your parent’s house either. If any “child” believes that the first two paragraphs are true then why would they buy into the argument that somebody else must take your parent’s money. But these days the socialist colleges are teaching that being equal is the only way to end injustice in the world. The truth of the matter is what needs to happen is to ensure that there is equal opportunity which is not the same and everybody being equal.

    I would like to see an experiment where 100 people sit in a circle, all being equal. There can be no leaders, no followers, no rich and no poor. If one person had a stick of gum, they would have to share it with the other 99. It theory if they were equal they would just share at each other until they starved to death. But give them 100 fishing poles (equal opportunity), there will be some people who will get up and start fishing while others demand that they give them the the fish to be equal.

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  5. .

    As Britain’s famous Lord Lytton said in the 19th century:

    “A nation that aspires to EQUALITY is unfit for FREEDOM ! ”

    The UK like the rest of Europe is quickly morphing from socialism to communism.

    Thank God the USA is not that far gone [yet.] But it has been quickly moving in that direction. However, the recent tax cut law doubled the estate tax exemption.

    .

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