- Nov 17, 2002
Also, pretty wrong. Did Al Capone earn his wealth? Bernie Madoff? Kenneth Lay? Again, the presumption that the mere possession of wealth proves it was earned is naive, to put it mildly.If he came from nothing then he earned it. Pretty simple.
Completely irrelevant to the question. For the umpteenth time, I have no objection to wealth in and of itself. I do object to wealth gained by rigging the system, by cheating for lack of a better term. Some wealth is clearly legitimate, some is clearly illegitimate, and some falls in the muddy middle. It isn't a simple-minded issue that can be debated with talking points and straw men.Modern day 2015 the risk is skewed in investing to where the rich can't lose. Thats not how it always was, and it used to be risk vs reward.
Stocks are part ownership of a corporation. You can whine and bitch how powerful corporations have become or you could have bought some shares yourself 20 years ago. It was pretty obvious post 2008 that small businesses were raising prices due to the liquidity crunch and big corporations could weather it out. Who is guilty of buying a ton of boxed food circa 2009 because it was the cheapest thing to lower skyrocketing grocery bills? Ummm everyone?