The T
George S. Patton Party
I believe there are quite a few millionaires who fit the description of your friend. They have accumulated a reasonable amount of wealth and they use it to lead comfortable, secure, relatively unexceptional lives -- and there is nothing wrong with that. The problem lies in the accumulation of excessive wealth that reflects the kind of malignant and contagious greed which has operated to severely damage our economy and sabotage the middle class.I knew a guy who was a mentor of sorts to me and he was wealthy. He was probably worth a couple million 30 years ago.
He was always working on something because he was a true entrepreneur and he loved solving problems. He literally could have gone out and done or bought anything he wanted at any time but he would always hold off on a purchase or a vacation until he met some self determined benchmark.
He never thought he was wealthy in fact he was more responsible with his money than anyone I knew.
Maybe that's why he actually was wealthy huh?
We should learn something from that.
My personal idea of the level at which reasonable wealth becomes excessive wealth is twenty million dollars. I believe that amount of money would enable anyone to own a fine home (or two) and lead a secure and comfortable life. I further believe America would be a much better place if the tax law mandated confiscation of accumulated personal assets in excess of twenty million dollars.
And I have no doubt that some of the most vigorous and outraged protests of that declaration will come from individuals who will never earn more than $75k and probably will never be able to pay off their credit card debt.
There is no such thing as excessive wealth.
Not is there in the size of the 'pie'.
(And that wasn't targeted at you but those that belive in 'Zero Sum Game')