The first and primary reason why the workers never gain in wealth is that they don't know the difference between an apppreciable investment and a non-appreciable investment.
Worker spend all their money on stuff that loses all all it's value immediately after purchase, they don't know how to make their money make money for them...they are NOT capitalists.
You don't have to be a capitalist, you just have to have the desire.
Ignorance doesn't work in our modern era. You can learn anything on this internet if you really want to know about something, and investing isn't all that hard.
With just high school, I invested in real estate and became a landlord. No special trick to it, just a willingness to do a lot of work when you come home from work. I spent several years in the commodities market. I lost in the end, but I learned a hell of a lot reading and trading commodities. If I could get caught up on some bills, I just may do it again. It was the most exciting thing I've ever done.
My IRA is in a managed account which (of course) I keep an eye on.
The second is that they refuse to demand their fair share - they simply accept salaries and wages that keep them just at their living level. Most don't realize that the real value of their labor is far above what they are being paid.
No, the value of your labor is what your employer could pay somebody else to do the same job with the same quality as you do. That's it.
If you operate a drill press for 20 bucks an hour, demand a raise, and it's refused, you can find another job that pays more. If your employer can find another press operator for the same money, then he was paying you what your labor was worth. If he can find somebody to do the job cheaper, then you were being overpaid. If he has to offer 22 bucks an hour before he finds somebody, then you were correct, you were being underpaid.
You can request a raise, but you can't demand it.
The fault of the wealthy is based on their egos - they refuse to admit that their wealth is entirely dependant on the soceity in which they live and the laws of the government. If they actually unstood economis they'd throw their money at the government. They'd do everything in their power to keep our soceity fair and well balanced.
They do understand economics which is why they don't throw their money at the government. All government will do is waste it.
Society didn't create wealthy people, the people themselves did. They took their money, invested it, and with some luck and skill, became wealthy.
They're nothing wrong with wanting material wealth, however being a 'materialist' really implies a lack of any other values. It is a sickness. Most wealthy people I've known are unhappy and frustrated. They continually think that they will be happier if they had more money, but when they get more money they are not happy.
They need to expand their conscience - to care about more than just their wallets.
For people with money, it's an obsession like anything else. The amount could be one million or a hundred, it doesn't matter. If they had a hundred million, their obsession would make them want 101 million and so on.
Because it's an obsession, they always strive to get more even though they will never use a tenth of it. Money to them is a measure of success and skill. It's really no different than those who are obsessed with early model automobiles, sports, technology....... some guys are obsessed with women and can't get enough of them.
