Apr 11, 2011

I bet there's rich folks eatin'

The lines from that Johnny Cash song, Folsom Prison Blues, tells the story of social disparity oh so well.
I bet there's rich folks eatin',
In a fancy dining car,
They're probably drinkin' coffee,
And smokin' big cigars,

But I'm stuck in Folsom Prison,
And time keeps draggin' on



Recently I watched a film by filmmaker Jamie Johnson which the trailer describes. It was interesting and enlightening and with blatant editorial bias. Mr. Johnson believes that the rich in this country have too much money and that is not good. It's the classic "haves" versus "have nots" argument. Interestingly enough  Mr. Johnson is a member of the social class he vilifies. His income is derived from the family fortunes of Johnson & Johnson. He does not have to work for a living. While I must agree that perhaps the third or later generation removed from the creator of the family wealth may become isolated from actual work, initially someone had work to create the family wealth. Mr. Johnson advocates that the rich should share their wealth. What would this accomplish? Perhaps the rich would not provide the investment to create new business ventures that would create jobs? And what about the taxes and fees business pays to government? Could they be taxed into losing their profit incentive? And would we not continue our downward spiral into a  entitlement society?

Recently in Monaco I saw some of the most ostentacious trappings of wealth, huge yachts and expensive motorcars. But with all their wealth and misuse of power, we need the rich.


Has a poor man ever given you a job?

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