by Gavin M.
Before I begin, I do not want to sound hypocritical because I am a product of capitalism. However, there are always good sides and bad sides to ever doctrine. I would like to think I am more on the lighter side than dark. Trickle Down Economics is a theory put forward by a lot of republicans and economists whereby reducing regulation on institutions and reducing taxes on the rich would eventually allow for better growth. The idea is that if you tax the rich less they are more likely to spend that money, thereby, fueling growth and sharing the wealth around.
Everything sounds very good in theory. A farmer for example who gets taxed less gets to bring home a higher take home pay. The theory would state he/she will be more willing to hire more people to help around the farm. Reality is, the farmer will just hoard the extra income and most likely will buy a Porsche rather than hire a couple of farmhands. Look around you, the rich keep getting richer because of this theory. By lowering corporate taxes, the executives have enriched themselves due to more stock buybacks and other interesting accounting gimmicks.
The movie "The Other Guys" really gives a crash course on the state of American culture. The fact that we thrive on excess and trying to outmaneuver the other guy as much as possible is unequivocally stupid. For our system to continue the way it is, we must always have a group in society that remains in the working class. So it makes our "Fight for Poverty" campaign in itself a hypocritical fluff piece.
Coming from nothing and getting to a place where I have everything, I know that it is possible to be well off. BUT, being rich does not give you an excuse to not live within your means even though a lot of the rich these days do not really care. It is nice to be rich, it is nice to want to have more money. There is nothing wrong with that. However, being rich also bears some responsibility and that is to inspire others that hardwork does pay off. It is not to inspire others that once you get to be a millionaire you can give everyone the finger and live like a douchebag.
I am writing this not to brag but to explore on a more somber note the reality we face in the world right now. The disparity between the haves and the have-nots have gotten so wide. The middle class is being pulled towards the poverty line rather than be uplifted. It worries me when billionaires start to control the world economy and move on their every word.
There is one thing that is real and what we have seen in the past. When the wealth gap widens to the point of no return, a social revolution will happen. We have seen it in Indonesia. We have seen it during Nazi Germany. Money is great, but it will not protect you when the poor are outside your mansion with pitchforks. So if you are a millionaire, enjoy your riches. Sleep with every supermodel you want. Make sure you savor every line of cocaine you bought. Because, some day, when you think about the legacy you leave behind, let us hope it is a good one.
This Father's Day, my dad taught me one thing growing up. And this is to never forget who I am, where I came from and what I have done to get to where I am. My dad is my hero and it brought me to tears when he said this to me this morning, "Gav, from one father to another, the best we can hope for is to raise our children to be happy, content and responsible people in society. I did that with you and your sister, my wish is for you to do the same thing to your children some day. Money is great, but family, family is the ultimate challenge in life. You only get one chance to make that right, do not waste that chance."
Happy Father's Day to all Dads out there! :)
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